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Bayonne, NJ—07002

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$598,000
1.6% YoY Growth
Household Income
$81,300
35.6% YoY Growth
Days on Market
32
23.0% Longer YoY
Home Price Forecast
1.2%
Median Rent
$2,350
6.9% YoY Growth
1-Bed Rent
$2,170
5.4% YoY Growth
2-Bed Rent
$2,250
13.2% YoY Growth
3-Bed Rent
$2,600
2.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Bayonne, NJ

As of May '26, the median home price in Bayonne, NJ is $598,000, with a year-over-year change of 1.6%. This indicates that home prices in Bayonne, NJ are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$598,0001.6%
Single Family $633,0001.9%
Condos $378,000-1.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $288,000
    -0.7%
    2 Bed
    		$465,000-1.7%
    3 Bed
    		$594,0000.7%
    4 Bed
    		$665,0002.2%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    3.3%
    1 Bedroom
    21.8%
    2 Bedrooms
    34.2%
    3 Bedrooms
    32.5%
    4 Bedrooms
    6.1%
    5+ Bedrooms
    2.0%

    Rental Trends — Bayonne, NJ

    As of July '25, Rentcast reports the average rent in Bayonne, NJ is $2,410, with a year-over-year rent change of -6.9%. Per bedroom, the median rent as of July '25 in Bayonne, NJ is studios: $2,080, 1-bedrooms: $2,120, 2-bedrooms: $2,370, 3-bedrooms: $2,670, 4-bedrooms: $3,150. The most common rental property sizes in Bayonne, NJ are 2-bedroom and 1-bedroom, accounting for 38.3% and 30.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,350$2,410
    Studio Rent $2,100$2,080
    1 Bed Rent $2,170$2,120
    2 Bed Rent $2,250$2,370
    3 Bed Rent $2,600$2,670
    4 Bed Rent $3,000$3,150
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    % of Rental Stock

    Studio
    5.0%
    1 Bedroom
    30.8%
    2 Bedrooms
    38.3%
    3 Bedrooms
    22.4%
    4 Bedrooms
    2.1%
    5+ Bedrooms
    1.4%

    Property Listings — Bayonne, NJ

    As of May '26, Realtor.com reports that the median days on market for a home in Bayonne, NJ is 32. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$557,00013.0%
    Listing Count
    		79-17.0%
    Listings as % of Homes0.2%-17.0%
    Days on Market
    		3223.0%
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    Demographics — Bayonne, NJ

    As of the latest ACS Survey released in 2023, Bayonne, NJ has a population of 70,500, which has increased by 7.9% over the past 5 years. Bayonne, NJ is a moderately popular place for families, as children make up 23.0% of the population. The area has a moderately educated workforce, with 39.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		70,5007.9%
    % Under 18
    		23.0%-2.1%
    % Seniors
    		14.6%3.5%
    % WFH
    		13.3%504.5%
    % w/ College Degree
    		39.7%12.1%
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    As of the latest ACS Survey released in 2023, Bayonne, NJ is a predominantly white area, with 43.6% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Bayonne, NJ is hispanic, making up 31.3% of the population. Foreign-born residents account for 30.5% of the population in Bayonne, NJ, and this percentage has increased by 0.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		43.6%-6.4%
    % Black
    		11.7%1.7%
    % Hispanic
    		31.3%-0.3%
    % Asian
    		10.3%4.0%
    % Foreign Born
    		30.5%0.3%
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    Mortgage and Risk — Bayonne, NJ

    According to HUD data as of 2023, there were 477 mortgage originations in Bayonne, NJ, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Bayonne, NJ. Investor activity is low, as 6.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		477
    % Conventional Loans
    		80.0%
    % Government Loans
    		20.0%
    % Investor Loans
    		6.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Bayonne, NJ

    As of 2024, the percent of homes in Bayonne, NJ under the Section 8 program is 6.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Bayonne, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		2,325
    Total Units Section 8
    		1,057
    % Rentals under Section 8
    		6.0%
    % Occupied Section 8
    		95.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$340$2,170$1,830
    2 Bedroom-$180$2,250$2,070
    3 Bedroom-$30$2,600$2,570
    4 Bedroom-$130$3,000$2,870

    Affordability — Bayonne, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio6.2
    Median Home Price$598,000
    Median Household Income$81,300

    Bayonne, NJ — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    10310

    St. George, New York, NY

    10301

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    07305

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    10302

    Jersey City, NJ

    07304

    Frequently Asked Questions