Bayonne, NJ—07002
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bayonne, NJ
As of Oct '25, the median home price in Bayonne, NJ is $576,000, with a year-over-year change of 2.2%. This indicates that home prices in Bayonne, NJ are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $576,000 | 2.2% |
| Single Family | $602,000 | 0.7% |
| Condos | $373,000 | 6.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $304,000 | 10.9% |
2 Bed | $454,000 | -0.7% |
3 Bed | $567,000 | 1.1% |
4 Bed | $640,000 | 1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Bayonne, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Bayonne, NJ is 31. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 5.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $504,000 | -25.0% |
Listing Count | 85 | -6.0% |
| Listings as % of Homes | 0.2% | -6.0% |
Days on Market | 31 | -3.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 70,500 | 7.9% |
% Under 18 | 23.0% | -2.1% |
% Seniors | 14.6% | 3.5% |
% WFH | 13.3% | 504.5% |
% w/ College Degree | 39.7% | 12.1% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $576,000 |
| Median Household Income | $81,300 |