Hudson County · New Jersey
Jersey City, NJ housing costs
What a home costs to buy and to rent here, how old the housing stock is, and how much of a paycheck rent takes — all from Census ACS 5-year estimates.
Quick answer
The median home in Jersey City, NJ is worth $534,500 and median gross rent is $1,902 a month. That is 76% above the national median home value of $303,400. 28.8% of occupied homes are owner-occupied, against 65% nationally.
- Median home value
- $534,500#15 of 94 metros
- Median gross rent
- $1,902/mo#8 of 94 metros
- Owner-occupied
- 28.8%US average 65%
- Median year built
- 1970Half the homes here are older than this
Can a median household here buy a median home?
Price-to-income is the plainest affordability yardstick there is.
Jersey City's median household earns $91,229 a year while the median home is worth $534,500. That is a price-to-income ratio of 5.9×, against roughly 3.9× nationally. Lenders have historically treated anything above 4× as stretched. Renters at the median put 27% of household income into gross rent; 30% is the federal threshold for “cost-burdened”.
Related data for Jersey City
The same household, seen from three angles.
Tables B25077, B25064, B25003, B25035 and B25071, 2019-2023 ACS 5-year, Census place 3,436,000. Values are place-level, not metro-area-wide.
More Jersey City data
Other Jersey City datasets on this site.
- Jersey City population and income
- Jersey City sales tax rate
- Jersey City property tax
- Jersey City cost of living
- Jersey City crime rates
- Jersey City public schools
- Jersey City weather normals
- Jersey City commute times
- Jersey City jobs and wages
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