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Jersey City, NJ—07304

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$547,000
0.9% YoY Growth
Household Income
$68,400
41.9% YoY Growth
Days on Market
38
0.0% Longer YoY
Home Price Forecast
1.2%
Median Rent
$2,350
2.0% YoY Growth
1-Bed Rent
$2,200
3.2% YoY Growth
2-Bed Rent
$2,650
0.8% YoY Growth
3-Bed Rent
$2,650
4.4% YoY Growth

Other Zip Codes in Jersey City, NJ

0730707305073060731007302
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Jersey City, NJ

As of May '26, the median home price in Jersey City, NJ is $547,000, 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 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$547,000-0.9%
Single Family $613,000-0.6%
Condos $411,000-2.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $344,000
    7.8%
    2 Bed
    		$476,0005.1%
    3 Bed
    		$629,0001.0%
    4 Bed
    		$679,0001.0%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    7.8%
    1 Bedroom
    28.4%
    2 Bedrooms
    29.3%
    3 Bedrooms
    24.2%
    4 Bedrooms
    6.6%
    5+ Bedrooms
    3.9%

    Rental Trends — Jersey City, NJ

    As of July '25, Rentcast reports the average rent in Jersey City, NJ is $2,490, with a year-over-year rent change of -2.0%. Per bedroom, the median rent as of July '25 in Jersey City, NJ is studios: $2,040, 1-bedrooms: $2,140, 2-bedrooms: $2,640, 3-bedrooms: $2,830, 4-bedrooms: $3,350. The most common rental property sizes in Jersey City, NJ are 1-bedroom and 2-bedroom, accounting for 34.2% and 31.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,350$2,490
    Studio Rent $2,020$2,040
    1 Bed Rent $2,200$2,140
    2 Bed Rent $2,650$2,640
    3 Bed Rent $2,650$2,830
    4 Bed Rent $3,200$3,350
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    % of Rental Stock

    Studio
    9.8%
    1 Bedroom
    34.2%
    2 Bedrooms
    31.4%
    3 Bedrooms
    21.5%
    4 Bedrooms
    2.8%
    5+ Bedrooms
    0.4%

    Property Listings — Jersey City, NJ

    As of May '26, Realtor.com reports that the median days on market for a home in Jersey City, NJ is 38. This is a decrease of 0.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$599,0007.0%
    Listing Count
    		106-5.0%
    Listings as % of Homes0.2%-5.0%
    Days on Market
    		380.0%
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    Demographics — Jersey City, NJ

    As of the latest ACS Survey released in 2023, Jersey City, NJ has a population of 49,300, which has increased by 11.4% over the past 5 years. Jersey City, NJ is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 39.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		49,30011.4%
    % Under 18
    		22.5%-9.6%
    % Seniors
    		11.8%16.8%
    % WFH
    		14.8%604.8%
    % w/ College Degree
    		39.7%30.2%
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    As of the latest ACS Survey released in 2023, Jersey City, NJ is a predominantly black area, with 35.4% of the population identifying as black. The black population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Jersey City, NJ is hispanic, making up 28.2% of the population. Foreign-born residents account for 36.3% of the population in Jersey City, NJ, and this percentage has increased by 5.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		20.1%64.8%
    % Black
    		35.4%-8.1%
    % Hispanic
    		28.2%-16.3%
    % Asian
    		13.7%-5.5%
    % Foreign Born
    		36.3%5.5%
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    Mortgage and Risk — Jersey City, NJ

    According to HUD data as of 2023, there were 269 mortgage originations in Jersey City, NJ, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Jersey City, NJ. Investor activity is low, as 7.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		269
    % Conventional Loans
    		84.0%
    % Government Loans
    		16.0%
    % Investor Loans
    		7.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		9.0%
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    Rentals and Section 8 — Jersey City, NJ

    As of 2024, the percent of homes in Jersey City, NJ under the Section 8 program is 18.3%. 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. 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
    		3,102
    Total Units Section 8
    		2,709
    % Rentals under Section 8
    		18.3%
    % Occupied Section 8
    		92.4%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$370$2,200$1,830
    2 Bedroom-$580$2,650$2,070
    3 Bedroom-$80$2,650$2,570
    4 Bedroom-$330$3,200$2,870

    Affordability — Jersey City, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio7.1
    Median Home Price$547,000
    Median Household Income$68,400

    Jersey City, NJ — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Jersey City, NJ

    07305

    Jersey City, NJ

    07306

    Jersey City, NJ

    07302

    Jersey City, NJ

    07307

    Jersey City, NJ

    07310

    Frequently Asked Questions