Zip 07305 (Jersey City, NJ) Housing

The housing market in Jersey City, NJ (zip code 07305) is doing quite well. The median value of houses in the area is currently $427,900, significantly higher than the national median value of $338,100. Additionally, the appreciation rate for homes over the past year has been 8.22%, comparable to the US average of 8.27%. These numbers indicate a healthy real estate market in Jersey City and suggest that now is a good time to invest in housing there.

The median home cost in Jersey City (zip 07305) is $427,900. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Jersey City (zip 07305) is up 10.8%.

Average Age of Homes

- The median age of Jersey City (zip 07305) real estate is 58 years old

The Rental Market in Jersey City (zip 07305)

- Renters make up 49.1% of the Jersey City (zip 07305) population
- 2.6% of houses and apartments in Jersey City (zip 07305), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Jersey City, New Jersey	United States
	27,740.0	139,647,020.0
	57	42
	$427,900	$338,100
	10.8%	16.6%
	36.0%	57.0%
	62.6%	101.1%
	$18.61	$10.98
	$6,491	$2,690
	38.3%	57.4%
	8.7%	11.2%
	53.0%	31.4%
Vacant Housing
	2.6%	1.9%
	0.1%	0.4%
	0.9%	0.7%
	0.2%	0.4%
	0.6%	3.6%
	4.3%	4.1%
Value of Owner-Occupied Housing
	2.1%	2.6%
	1.3%	2.4%
	0.6%	2.8%
	1.0%	3.9%
	0.4%	4.5%
	1.0%	11.3%
	4.9%	13.0%
	22.2%	20.1%
	33.8%	13.6%
	15.0%	8.3%
	12.9%	9.7%
	2.6%	3.9%
	0.3%	2.2%
	0.1%	0.8%
	1.7%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	13.6%	13.6%
	13.6%	13.6%
	12.1%	13.6%
	7.1%	13.2%
	5.8%	14.8%
	12.1%	13.6%
	12.9%	10.0%
	7.1%	4.7%
	24.3%	12.2%

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