Jersey City, NJ—07310
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 $946,000, with a year-over-year change of -0.9%. This indicates that home prices in Jersey City, NJ are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $946,000 | -0.9% |
| Single Family | N/A | N/A |
| Condos | $949,000 | -2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $789,000 | 8.5% |
2 Bed | $1,155,000 | 4.4% |
3 Bed | N/A | N/A |
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 $4,230, with a year-over-year rent change of -4.5%. Per bedroom, the median rent as of July '25 in Jersey City, NJ is studios: $3,160, 1-bedrooms: $3,850, 2-bedrooms: $4,920, 3-bedrooms: $5,900. The most common rental property sizes in Jersey City, NJ are 1-bedroom and 2-bedroom, accounting for 36.6% and 35.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,960 | $4,230 |
| Studio Rent | $3,060 | $3,160 |
| 1 Bed Rent | $3,800 | $3,850 |
| 2 Bed Rent | $4,780 | $4,920 |
| 3 Bed Rent | $5,890 | $5,900 |
| 4 Bed Rent | N/A | N/A |
% 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 54. 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $794,000 | -8.0% |
Listing Count | 43 | -2.0% |
| Listings as % of Homes | 0.3% | -2.0% |
Days on Market | 54 | -13.0% |
Demographics — Jersey City, NJ
As of the latest ACS Survey released in 2023, Jersey City, NJ has a population of 14,600, which has increased by 14.9% over the past 5 years. Jersey City, NJ is a less popular place for families, as children make up 9.5% of the population. The area has a highly educated workforce, with 87.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 37.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,600 | 14.9% |
% Under 18 | 9.5% | -10.4% |
% Seniors | 3.2% | 23.1% |
% WFH | 37.9% | 689.6% |
% w/ College Degree | 87.6% | -0.3% |
As of the latest ACS Survey released in 2023, Jersey City, NJ is a predominantly asian area, with 56.7% of the population identifying as asian. The asian 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 25.1% of the population. Foreign-born residents account for 61.2% of the population in Jersey City, NJ, and this percentage has decreased by 4.4% 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 | 25.1% | 17.8% |
% Black | 4.7% | 17.5% |
% Hispanic | 8.1% | 22.7% |
% Asian | 56.7% | -11.5% |
% Foreign Born | 61.2% | -4.4% |
Mortgage and Risk — Jersey City, NJ
According to HUD data as of 2023, there were 52 mortgage originations in Jersey City, NJ, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Jersey City, NJ. Investor activity is low, as 2.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 52 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Jersey City, NJ
Jersey City, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 212 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$760 | $3,800 | $3,040 |
| 2 Bedroom | -$1,330 | $4,780 | $3,450 |
| 3 Bedroom | -$1,650 | $5,890 | $4,240 |
| 4 Bedroom | N/A | N/A | $4,830 |
Affordability — Jersey City, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $946,000 |
| Median Household Income | $173,000 |