House Prices

Milton Lake Rahway, NJ House Prices & Home Values 2026


Average Data

average house price$357,143
average size per house1337 ft²
average price per ft²278 $ / ft²

05/23/2026 - The value range (VR) for house prices in Milton Lake Rahway, NJ is $264.1/ sqft to $291.9/ sqft. An average home with 1337 sqft costs approximately $366,167 to $404,711. Rahway, NJ includes 1 ZIP codes and it is located in Union county. The lowest prices are found in ZIP 07065, while the highest are in ZIP 07065. The average price per sqare feet is $278. Our analysis is based on 6 property listings.

Avergage prices by ZIP codes Milton Lake Rahway

07065277 $ / ft²




Historical development of home values in Milton Lake Rahway

Year Estimated value (USD) Change vs. 2025
2010 $165,864 -53.6%
2011 $159,450 -55.4%
2012 $159,020 -55.5%
2013 $164,964 -53.8%
2014 $173,167 -51.5%
2015 $182,054 -49.0%
2016 $191,555 -46.4%
2017 $201,894 -43.5%
2018 $213,056 -40.3%
2019 $222,935 -37.6%
2020 $234,460 -34.4%
2021 $266,673 -25.3%
2022 $310,881 -13.0%
2023 $327,838 -8.2%
2024 $346,804 -2.9%
2025 $357,143 0.0%

Graph: estimated home values in Milton Lake Rahway over time (USD)



Example: 100% financing house in Milton Lake Rahway

Loan amount: $357,143

Interest rate: 6.22%

Fixed monthly payment: $2,192.49

Breakdown in the 1st month:
Interest portion: $1,851.79  –  Principal portion: $340.70

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $22,102.81 $4,207.09 $352,935.91
2 $21,833.45 $4,476.45 $348,459.46
3 $21,546.84 $4,763.05 $343,696.41
4 $21,241.88 $5,068.01 $338,628.40
5 $20,917.40 $5,392.49 $333,235.90
6 $20,572.15 $5,737.75 $327,498.16
7 $20,204.78 $6,105.11 $321,393.04
8 $19,813.90 $6,495.99 $314,897.05
9 $19,397.99 $6,911.90 $307,985.15
10 $18,955.46 $7,354.44 $300,630.71
11 $18,484.59 $7,825.31 $292,805.40
12 $17,983.57 $8,326.33 $284,479.08
13 $17,450.47 $8,859.42 $275,619.65
14 $16,883.24 $9,426.65 $266,193.00
15 $16,279.70 $10,030.20 $256,162.80
16 $15,637.51 $10,672.38 $245,490.42
17 $14,954.21 $11,355.69 $234,134.73
18 $14,227.15 $12,082.74 $222,051.99
19 $13,453.55 $12,856.34 $209,195.65
20 $12,630.42 $13,679.47 $195,516.17
21 $11,754.59 $14,555.31 $180,960.86
22 $10,822.68 $15,487.22 $165,473.65
23 $9,831.10 $16,478.79 $148,994.86
24 $8,776.04 $17,533.85 $131,461.00
25 $7,653.43 $18,656.47 $112,804.54
26 $6,458.94 $19,850.95 $92,953.58
27 $5,187.98 $21,121.92 $71,831.67
28 $3,835.64 $22,474.26 $49,357.41
29 $2,396.71 $23,913.18 $25,444.23
30 $865.66 $25,444.23 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Milton Lake Rahway, NJ


1500 sqft3900 sqft
Ø selling price$523,240$1,113,073
Ø fast selling$475,672$1,001,766
Ø high price sale$570,807$1,224,380

In 2026, houses in Milton Lake Rahway, NJ will be offered at an average price of $278 per square foot. A 1,500 sqft home priced at $523,240 is 23.85% more expensive per square foot than a 3,900 sqft home priced at $1,113,073. Home prices in Milton Lake Rahway, NJ vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $770,589. Sellers who can wait longer may achieve a higher price of up to $941,831.


Milton Lake in Rahway, NJ

Overview

The Milton Lake neighborhood in Rahway, NJ blends serene waterside scenery with convenient suburban living, making it a sought-after Union County address.

Lifestyle and Recreation

Anchored by Milton Lake Park along the Rahway River, residents enjoy shaded walking paths, scenic overlooks, and quiet picnic spots.
Seasonal birdwatching, shore fishing, and leafy fall color create a year-round outdoor lifestyle minutes from downtown Rahway.
Families appreciate the neighborhood?s relaxed, residential feel and quick access to community events in the nearby Rahway Arts District.

Housing and Real Estate

Housing in Milton Lake ranges from classic Colonials and Cape Cods to updated split-levels, with many homes on tree-lined streets near the water.
Buyers often seek the area for its attractive lot sizes, potential lake views, and convenient proximity to local amenities.
Home shoppers searching for homes for sale in Milton Lake, Rahway will find a mix of move-in-ready options and renovation opportunities for first-time and move-up buyers.

Location and Accessibility

Commuters benefit from proximity to the Rahway NJ Transit Station with direct service to Newark and New York Penn Station.
Major roadways, including Route 27 (St. Georges Avenue), Routes 1&9, the Garden State Parkway, and the New Jersey Turnpike, put regional employers and shopping within easy reach.
Everyday conveniences abound, from neighborhood grocers and local eateries to parks, schools, and fitness options throughout Rahway, New Jersey.



FAQ – Home Values in Milton Lake Rahway

What is the median home value in Milton Lake Rahway in 2026?

In 2026, the typical home value in Milton Lake Rahway is about $357,143 for an average home size of 1337 square feet. This corresponds to an average price of roughly $278 per square foot.

What is the average cost per square foot in Milton Lake Rahway?

In 2026, homes in Milton Lake Rahway sell for an average of around $278 per square foot, with a typical range between $264.1 and $291.9 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Milton Lake?

The average home size in Milton Lake Rahway is about 1337 square feet, with an estimated 2026 value around $357,143.



Neighborhoods close to Milton Lake Rahway, NJ

Chain O Hills Colonia, NJ289 $ / ft²
Downtown Rutherford Rutherford, NJ348 $ / ft²
Kingsland Lyndhurst, NJ298 $ / ft²
Mount Bethel Warren, NJ228 $ / ft²
Passaic Park Passaic, NJ202 $ / ft²
Lake Parsippany Parsippany, NJ240 $ / ft²
  imprint  Privacy