The housing market in 07302 Jersey City, NJ is an active and appreciated market. According to the median value of homes in the area, it is $789,300, which is higher than the US median home value of $338,100. Additionally, house values here have seen a 1 year appreciation rate of 8.22%, slightly lower than the US 1 year appreciation rate of 8.27%. This indicates that the housing market in this area is a strong market with potential for growth and savvy home buyers should consider this location for their next investment.
The median home cost in Jersey City (zip 07302) is $789,300. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Jersey City (zip 07302) is up 10.8%.
Average Age of Homes
- The median age of Jersey City (zip 07302) real estate is 44 years old
The Rental Market in Jersey City (zip 07302)
- Renters make up 60.0% of the Jersey City (zip 07302) population
- 4.2% of houses and apartments in Jersey City (zip 07302), 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.