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Carteret, NJ

Full City Profile · New Jersey · Richmond County County

3.2 /5.0
B Good
25,187 Population 5,737/sq mi density
$87,553 Median Income $36,299 per capita
$370,200 Home Value $543,351 Zillow
$2,012 Median Rent 26.6% income on rent
56°F Avg Temperature 275 sunny days/yr
135 Violent Crime/100K 1,121 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$87,553 median income, 5.6% unemployment
A
Affordability
4.3 / 5.0
$370,200 home value, $2,012/mo rent
F
Safety
1.0 / 5.0
135 violent crimes/100K
B
Education
3.2 / 5.0
27.7% bachelor's degree or higher

Housing Overview

Median Home Value
$370,200
31% above
US avg: $281,900
Median Rent
$2,012/mo
73% above
US avg: $1,163/mo
Homeownership Rate
55.2%
16% below US avg (65.4%)
Total Housing Units
8,722
Median year built: 1961

Home Value by Source

Census Median
$370,200
Zillow (ZHVI)
$543,351
Median Sale Price
$535,000
Median List Price
$549,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

55.2%
Owner-Occupied
44.8%
Renter-Occupied
55%
45%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent: $2,012/mo · Zillow rent: $2,349/mo

Market Indicators (Redfin)

Median Days on Market
99 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
11
Price Drops
7.0%
of listings with price reduction
Price Per Sq Ft
$291
Active Inventory
43
homes for sale

Affordability & Housing Stock

Rent Burden
26.6%
of renters spending 30%+ of income on housing
14% below US avg (31.0%)
Median Year Built
1961
Average age of housing stock: 65 years
Homeownership Rate
55.2%

Complete Housing Data

Home Values

Census Median Value$370,200
Zillow Home Value (ZHVI)$543,351
Median Sale Price$535,000
Median List Price$549,000
Price Per Sq Ft$291

Rent

Census Median Rent$2,012
Zillow Rent (ZORI)$2,349
FMR Studio$1,599
FMR 1-Bedroom$1,759
FMR 2-Bedroom$2,132
FMR 3-Bedroom$2,658
FMR 4-Bedroom$3,005

Market

Days on Market99
Sale-to-List Ratio1.0%
Price Drops7.0%
Homes Sold11
Active Inventory43
Price Per Sq Ft$291

Ownership & Stock

Owner-Occupied55.2%
Renter-Occupied44.8%
Homeownership Rate55.2%
Total Housing Units8,722
Median Year Built1961
Rent Burden26.6%