The city of 07311 Jersey City, NJ has a median housing value of $578,200. This is significantly higher than the national median house value of $338,100 and even slightly higher than the US 1 year house appreciation rate of 8.27%. The 1 year appreciation rate for homes in 07311 Jersey City, NJ is 8.22%, showing that the market remains strong in this area. It is clear that Jersey City is a desirable place to live with its vibrant culture and close proximity to New York City, which further drives up housing values.
The median home cost in Jersey City (zip 07311) is $578,200. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Jersey City (zip 07311) is up 10.8%.
Average Age of Homes
- The median age of Jersey City (zip 07311) real estate is 12 years old
The Rental Market in Jersey City (zip 07311)
- Renters make up 70.1% of the Jersey City (zip 07311) population
- 7.9% of houses and apartments in Jersey City (zip 07311), 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.