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Hoboken, NJ—07030

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$862,000
0.2% YoY Growth
Household Income
$177,000
29.7% YoY Growth
Days on Market
19
13.0% Shorter YoY
Home Price Forecast
0.8%
Median Rent
$3,650
1.5% YoY Growth
1-Bed Rent
$3,000
4.3% YoY Growth
2-Bed Rent
$4,000
0.5% YoY Growth
3-Bed Rent
$5,000
5.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hoboken, NJ

As of May '26, the median home price in Hoboken, NJ is $862,000, with a year-over-year change of 0.2%. This indicates that home prices in Hoboken, NJ are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$862,0000.2%
Single Family $1,175,0001.5%
Condos $831,0000.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $615,000
    3.0%
    2 Bed
    		$950,0003.3%
    3 Bed
    		$1,576,0006.5%
    4 Bed
    		$2,660,0008.4%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    5.0%
    1 Bedroom
    35.6%
    2 Bedrooms
    43.0%
    3 Bedrooms
    12.3%
    4 Bedrooms
    3.1%
    5+ Bedrooms
    1.0%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    5.5%
    1 Bedroom
    42.2%
    2 Bedrooms
    41.0%
    3 Bedrooms
    10.0%
    4 Bedrooms
    1.1%
    5+ Bedrooms
    0.3%

    Property Listings — Hoboken, NJ

    As of May '26, Realtor.com reports that the median days on market for a home in Hoboken, NJ is 19. This is a decrease of -13.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$879,0009.0%
    Listing Count
    		2182.0%
    Listings as % of Homes0.2%2.0%
    Days on Market
    		19-13.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		58,3009.6%
    % Under 18
    		15.0%11.1%
    % Seniors
    		5.8%-9.4%
    % WFH
    		34.2%643.5%
    % w/ College Degree
    		83.1%5.6%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.7
    Median Home Price$862,000
    Median Household Income$177,000

    Hoboken, NJ — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    07310

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    Frequently Asked Questions