Jersey City, NJ—07307
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 $733,000, with a year-over-year change of 2.4%. This indicates that home prices in Jersey City, NJ are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $733,000 | 2.4% |
| Single Family | $792,000 | 0.4% |
| Condos | $580,000 | 0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $396,000 | 0.5% |
2 Bed | $592,000 | 3.3% |
3 Bed | $841,000 | -0.6% |
4 Bed | N/A | N/A |
| 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 $2,890, with a year-over-year rent change of 0.3%. Per bedroom, the median rent as of July '25 in Jersey City, NJ is studios: $2,500, 1-bedrooms: $2,140, 2-bedrooms: $2,720, 3-bedrooms: $3,390, 4-bedrooms: $3,970. The most common rental property sizes in Jersey City, NJ are 2-bedroom and 1-bedroom, accounting for 39.6% and 36.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,890 |
| Studio Rent | $2,150 | $2,500 |
| 1 Bed Rent | $2,000 | $2,140 |
| 2 Bed Rent | $2,600 | $2,720 |
| 3 Bed Rent | $3,150 | $3,390 |
| 4 Bed Rent | $3,800 | $3,970 |
% 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 31. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $792,000 | -13.0% |
Listing Count | 159 | -4.0% |
| Listings as % of Homes | 0.5% | -4.0% |
Days on Market | 31 | 1.0% |
Demographics — Jersey City, NJ
As of the latest ACS Survey released in 2023, Jersey City, NJ has a population of 42,200, which has decreased by -1.9% over the past 5 years. Jersey City, NJ is a moderately popular place for families, as children make up 19.6% of the population. The area has a highly educated workforce, with 45.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,200 | -1.9% |
% Under 18 | 19.6% | -11.3% |
% Seniors | 12.8% | 26.7% |
% WFH | 19.8% | 560.0% |
% w/ College Degree | 45.7% | 20.9% |
As of the latest ACS Survey released in 2023, Jersey City, NJ is a predominantly hispanic area, with 41.5% of the population identifying as hispanic. The hispanic population has shrunk by 11.5% in the last 5 years. The second most common race or ethnicity in Jersey City, NJ is white, making up 26.9% of the population. Foreign-born residents account for 43.0% of the population in Jersey City, NJ, and this percentage has decreased by 2.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 26.9% | 8.9% |
% Black | 6.0% | -24.1% |
% Hispanic | 41.5% | -11.5% |
% Asian | 24.2% | 18.0% |
% Foreign Born | 43.0% | -2.7% |
Mortgage and Risk — Jersey City, NJ
According to HUD data as of 2023, there were 438 mortgage originations in Jersey City, NJ, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Jersey City, NJ. Investor activity is low, as 5.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 438 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
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 7.3%. 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 Jersey City, 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 | 820 |
Total Units Section 8 | 820 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 93.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $2,000 | $1,930 |
| 2 Bedroom | -$410 | $2,600 | $2,190 |
| 3 Bedroom | -$460 | $3,150 | $2,690 |
| 4 Bedroom | -$730 | $3,800 | $3,070 |
Affordability — Jersey City, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.9 |
| Median Home Price | $733,000 |
| Median Household Income | $80,700 |