Housing in 07307 Jersey City, NJ is largely above average in comparison to the rest of the United States. The median value in 07307 is $622,900, which is substantially greater than the US House Median Value of $338,100. Despite this large difference, the rate of house appreciation over the last year has been very similar for both 07307 and the United States as a whole at 8.27% and 8.22% respectively. This indicates that housing values in 07307 are not growing disproportionately quickly compared to other areas but rather keeping pace with nationwide trends.
The median home cost in Jersey City (zip 07307) is $622,900. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Jersey City (zip 07307) is up 10.8%.
Average Age of Homes
- The median age of Jersey City (zip 07307) real estate is 64 years old
The Rental Market in Jersey City (zip 07307)
- Renters make up 64.2% of the Jersey City (zip 07307) population
- 2.3% of houses and apartments in Jersey City (zip 07307), 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.