Jersey City, NJ—07305
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Jersey City, NJ
As of Oct '25, the median home price in Jersey City, NJ is $525,000, with a year-over-year change of 0.2%. This indicates that home prices in Jersey City, 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $525,000 | 0.2% |
| Single Family | $539,000 | -1.5% |
| Condos | $483,000 | 1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $329,000 | -5.2% |
2 Bed | $482,000 | -1.8% |
3 Bed | $543,000 | -2.7% |
4 Bed | $585,000 | -1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Jersey City, NJ
As of July '25, Rentcast reports the average rent in Jersey City, NJ is $2,570, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Jersey City, NJ is studios: $2,060, 1-bedrooms: $2,330, 2-bedrooms: $2,570, 3-bedrooms: $2,660, 4-bedrooms: $3,150. The most common rental property sizes in Jersey City, NJ are 2-bedroom and 3-bedroom, accounting for 41.6% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,450 | $2,570 |
| Studio Rent | $2,020 | $2,060 |
| 1 Bed Rent | $2,400 | $2,330 |
| 2 Bed Rent | $2,350 | $2,570 |
| 3 Bed Rent | $2,500 | $2,660 |
| 4 Bed Rent | $2,800 | $3,150 |
% of Rental Stock
Property Listings — Jersey City, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Jersey City, NJ is 44. 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 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $478,000 | -8.0% |
Listing Count | 101 | -22.0% |
| Listings as % of Homes | 0.3% | -22.0% |
Days on Market | 44 | -13.0% |
Demographics — Jersey City, NJ
As of the latest ACS Survey released in 2023, Jersey City, NJ has a population of 71,600, which has increased by 11.0% over the past 5 years. Jersey City, NJ is a popular place for families, as children make up 25.2% of the population. The area has a moderately educated workforce, with 34.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 71,600 | 11.0% |
% Under 18 | 25.2% | 2.0% |
% Seniors | 14.2% | 8.4% |
% WFH | 14.1% | 340.6% |
% w/ College Degree | 34.6% | 23.6% |
As of the latest ACS Survey released in 2023, Jersey City, NJ is a predominantly black area, with 42.2% of the population identifying as black. The black population has shrunk by 13.9% in the last 5 years. The second most common race or ethnicity in Jersey City, NJ is hispanic, making up 27.5% of the population. Foreign-born residents account for 33.0% of the population in Jersey City, NJ, and this percentage has increased by 5.1% 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 | 11.9% | 15.5% |
% Black | 42.2% | -13.9% |
% Hispanic | 27.5% | 7.8% |
% Asian | 16.1% | 0.6% |
% Foreign Born | 33.0% | 5.1% |
Mortgage and Risk — Jersey City, NJ
According to HUD data as of 2023, there were 477 mortgage originations in Jersey City, NJ, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Jersey City, NJ. Investor activity is low, as 6.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 477 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Jersey City, NJ
As of 2024, the percent of homes in Jersey City, NJ under the Section 8 program is 21.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Jersey City, NJ, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 3,917 |
Total Units Section 8 | 3,208 |
% Rentals under Section 8 | 21.0% |
% Occupied Section 8 | 91.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$570 | $2,400 | $1,830 |
| 2 Bedroom | -$280 | $2,350 | $2,070 |
| 3 Bedroom | $70 | $2,500 | $2,570 |
| 4 Bedroom | $70 | $2,800 | $2,870 |
Affordability — Jersey City, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $525,000 |
| Median Household Income | $77,100 |