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Hunterdon County, NJ

Raritan

RANK #914 / 996 NAT  ·  #21 / 21 NJ  ·  POP 129,099

1YR FORECAST: +1.3%

5YR OUTLOOK: +11%

Our model projects Hunterdon County's housing market at +1.3% over the next year, underperforming most U.S. counties.

[01] Why Hunterdon County?

The Red Mill Museum Village in Clinton, with its iconic red exterior and setting along the Raritan River, serves as a prominent landmark in Hunterdon County. This west-central New Jersey county is approximately 60 miles from both New York City and Philadelphia. The community offers a blend of rural landscapes with rolling hills, forests, and rivers, alongside historic towns. Commute options include the LINK bus system for in-county travel and Trans-Bridge Bus Lines for service to New York City and Newark Airport. Outdoor recreation is a significant draw, with 8,000 acres of parkland, including Round Valley Reservoir and the Columbia Trail, offering hiking, biking, fishing, and kayaking.

Life in Hunterdon County is characterized by a focus on quality of life, with highly rated public schools like Hunterdon Central Regional High School and Voorhees High School. The county has been recognized for its health outcomes and as a safe place to raise children. The economy is supported by a mix of sectors, with notable growth in transportation and warehousing. The county also has a strong agricultural sector, including numerous farms and vineyards, contributing to a farm-to-table dining scene. Recent economic initiatives have focused on promoting historic main streets and downtowns in towns such as Flemington, Clinton, and Lambertville, aiming to attract tourism and support local businesses.

[02] Market Snapshot

Housing Ratio
7.9x

Overvalued relative to economy

GDP Growth
+2.4%

Below national median

Home Prices
+2.5%

Outpacing national median

Climate & Terrain
0.8

Moderate climate & terrain

Price/Rent
16x

Above national median (13x)

Housing looks overvalued at 7.9x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Hunterdon Healthcare System Healthcare
    5,000+
  2. 2
    Educational Services (various school districts and institutions) Education
    2,500+
  3. 3
    Hunterdon County Government Government
  4. 4
    Chubb Finance
  5. 5
    ExxonMobil Research & Engineering Energy
  6. 6
    New York Life Finance
  7. 7
    3M Manufacturing
  8. 8
    Georgia-Pacific Manufacturing
  9. 9
    Custom Alloy Corporation Manufacturing
  10. 10
    Johanna Foods Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Hunterdon County U.S. National

The Numbers

DEMOGRAPHICS
Population
129,099
+0.23% YoY
Median Household Income
$133,534
Median Home Value
$478,600
+2.45% 12mo
Median Rent
$1,627
Average Annual Pay
$75,099
+3.6% YoY
Employment
46,663
+1.6% YoY
Income-to-Home-Value
0.279
More affordable than average
Migration Inflow
3.92%
of pop. from another state
Bachelor's Degree+
55.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$579,000
Days on Market
54
Moderate pace
Months of Supply
3.2
Balanced market
Sale-to-List Ratio
98.3%
Near asking price
Sold Above List
35.8%
Listings w/ Price Drops
11.2%
Building Permits (2024)
336
Single-Family Permits
149

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B+
SAFETY
GRADE
Firearm Fatalities
4.9
per 100K · nat avg 14.8
Injury Deaths
49.6
per 100K · nat avg 76.3
vs National Average
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
43.0
Good
Good Air Days
68%
745 of 1,092 days
Unhealthy+ Days (3yr)
10
Includes 1 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
43
2022
42
2023
44
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Score Breakdown

GDP Growth +2.4% 44 percentile
Population Growth +0.2% 40 percentile
Income Growth +8.2% 41 percentile
Vacancy Rate 0.9% 68 percentile
Home Price Change +2.5% 65 percentile
Rent Growth +1.3% 24 percentile
Price/Rent 16x 26 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Hunterdon County, NJ a good place to move to?

The data is not encouraging — Hunterdon County scores just 7/100 on the Boom Town Index, ranking #914 of 996 counties. Job growth at +1.6% and median household income of $133,534 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Hunterdon County affordable?

Housing in Hunterdon County is roughly in line with national affordability norms. The median home costs $478,600 and the income-to-home-value ratio sits at 0.28, with rents averaging $1,627/month. Not a bargain, but not a stretch for most local earners either.

Is Hunterdon County growing or shrinking?

Employers in Hunterdon County are hiring — job growth of +1.6% — but the population is close to flat (+0.2% YoY). Home values moved +2.5% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Hunterdon County?

There's a moderate stream of newcomers. About 3.92% of residents moved from another state, which is above average and suggests Hunterdon County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Hudson County, NJ 13 Sussex County, NJ 18 Morris County, NJ 22 Somerset County, NJ 28 Mercer County, NJ 30 Burlington County, NJ 35 Alexandria city, VA 7 Columbia County, FL 7