Hoboken, NJ—07030
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hoboken, NJ
As of Oct '25, the median home price in Hoboken, NJ is $825,000, with a year-over-year change of -1.2%. This indicates that home prices in Hoboken, NJ are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $825,000 | -1.2% |
| Single Family | $1,106,000 | -0.3% |
| Condos | $796,000 | -2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $590,000 | 2.6% |
2 Bed | $909,000 | 1.8% |
3 Bed | $1,491,000 | 2.8% |
4 Bed | $2,454,000 | 1.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hoboken, NJ
As of July '25, Rentcast reports the average rent in Hoboken, NJ is $3,860, with a year-over-year rent change of -1.5%. Per bedroom, the median rent as of July '25 in Hoboken, NJ is studios: $2,770, 1-bedrooms: $3,140, 2-bedrooms: $4,180, 3-bedrooms: $5,390, 4-bedrooms: $6,540. The most common rental property sizes in Hoboken, NJ are 1-bedroom and 2-bedroom, accounting for 42.2% and 41.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,650 | $3,860 |
| Studio Rent | $2,500 | $2,770 |
| 1 Bed Rent | $3,000 | $3,140 |
| 2 Bed Rent | $4,000 | $4,180 |
| 3 Bed Rent | $5,000 | $5,390 |
| 4 Bed Rent | $5,500 | $6,540 |
% of Rental Stock
Property Listings — Hoboken, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Hoboken, NJ is 31. This is a decrease of -8.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $899,000 | 0.0% |
Listing Count | 158 | -8.0% |
| Listings as % of Homes | 0.2% | -8.0% |
Days on Market | 31 | -8.0% |
Demographics — Hoboken, NJ
As of the latest ACS Survey released in 2023, Hoboken, NJ has a population of 58,300, which has increased by 9.6% over the past 5 years. Hoboken, NJ is a moderately popular place for families, as children make up 15.0% of the population. The area has a highly educated workforce, with 83.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 34.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 58,300 | 9.6% |
% Under 18 | 15.0% | 11.1% |
% Seniors | 5.8% | -9.4% |
% WFH | 34.2% | 643.5% |
% w/ College Degree | 83.1% | 5.6% |
As of the latest ACS Survey released in 2023, Hoboken, NJ is a predominantly white area, with 64.8% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Hoboken, NJ is hispanic, making up 13.8% of the population. Foreign-born residents account for 19.1% of the population in Hoboken, NJ, and this percentage has increased by 15.8% 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 | 64.8% | -8.5% |
% Black | 4.5% | 45.2% |
% Hispanic | 13.8% | -12.7% |
% Asian | 13.3% | 46.2% |
% Foreign Born | 19.1% | 15.8% |
Mortgage and Risk — Hoboken, NJ
According to HUD data as of 2023, there were 600 mortgage originations in Hoboken, NJ, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Hoboken, NJ. Investor activity is low, as 3.0% of loans were by investors. 1.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 600 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 1.0% |
Loan Activity
Rentals and Section 8 — Hoboken, NJ
As of 2024, the percent of homes in Hoboken, NJ under the Section 8 program is 8.9%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Hoboken, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,770 |
Total Units Section 8 | 1,618 |
% Rentals under Section 8 | 8.9% |
% Occupied Section 8 | 87.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $3,000 | $3,040 |
| 2 Bedroom | -$550 | $4,000 | $3,450 |
| 3 Bedroom | -$760 | $5,000 | $4,240 |
| 4 Bedroom | -$670 | $5,500 | $4,830 |
Affordability — Hoboken, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $825,000 |
| Median Household Income | $177,000 |