Rahway, NJ, is a city in southern Union County, about a 15 mile commute from Manhattan. New Jersey Transit provides a direct train line from Rahway to New York on the North East Corridor Line. 26,000 people live in Rahway. 30% of all households in Rahway have one or more children in school. Rahway Public Schools consist of four PreK-5 elementary schools — Grover Cleveland School, Franklin School, Madison School, and Roosevelt School. Grades 6-8 attend Rahway Middle School and grades 9-12 attend Rahway High School.
Rahway River Park is one of ten parks in Rahway. It contains several baseball fields with lots of picnic areas and a lake and public pool. The Rahway River travels through Rahway, entering from Clark at Rahway River Park and flows into the Arthur Kill.
On April 23, 1789 George Washington visited Rahway on his way to New York City. Abraham Clark a signer of the Declaration of Independence is buried in Rahway. Rahway is also the birthplace of two current United States Representatives. Maryland Rep. Wayne Gilchrest and New Jersey Rep. Chris Smith were both born in Rahway.
Rahway also has some claims to scientific fame. The late noted astronomer and television personality Carl Sagan was raised in Rahway and was a graduate of Rahway High School. Famous inventor Nikola Tesla formed his company Tesla Electric Light & Manufacturing in Rahway.
Current Nose Tackle for the San Diego Chargers, Antonio Garay was also born in Rahway.
The Apsorption Rate is a measure of how long it will take to sell the current inventory if no new homes come on the market. Typically when the Absorption Rate is 5 months or less, we refer to this as a Seller's Market. From 6-8 months, we call this a Normal Market and anything 9 months or longer is a Buyer's Market.
Looking at current trends the housing market in Rahway is seeing some positive movement. Most of this is due to the revitalization of the downtown area. Currently the inventory in town is the lowest it has been in several years, but this will most likely change in a few months when the shadow inventory hits and the market will be flooded with bank owned properties. This will drive prices down even further in town. So if you're planning on selling do it sooner rather than later. Buying is a great opportunity in Rahway right now.
~ Wayne & Jean
Union County, NJ - a great place to live and work!
All opinions, information and data provided is deemed reliable but is subject to errors and omissions. Not intended to solicit other Brokers' clients. We cooperate with them fully.