There are currently 46,272 real estate properties in Jersey City, NJ, with a median automated valuation model (AVM) price of $553,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Jersey City, NJ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Jersey City, NJ, is $613,121.00, with the most expensive house in Jersey City, NJ, topping out at $11,871,800.00 and the cheapest home in Jersey City, NJ, clocking in at $99,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Jersey City, NJ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Jersey City, NJ, is on a rollercoaster ride. The average rent price in Jersey City, NJ, is $2,186.00. Indeed, when looking to rent in Jersey City, NJ, you can expect to pay as little as $950.00 or as much as $6,650.00, with the average rent median estimated to be $2,020.00. The good news is that finding an affordable and desirable property to rent in Jersey City, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Jersey City, NJ area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Jersey City, NJ and much more. Save thousands at closing with home foreclosure listings in Jersey City, NJ — up to 75% off market value!
Jersey City is located in Hudson, New Jersey, with an estimated municipal population of 262,075 residents. All of the best foreclosed homes for sale in Jersey City are located in the following zip code areas on Foreclosure.com: 07310 07311 07302 07307 07306 07305 07304 07097 07303 07308 07395 07399. The estimated population per square kilometer (.62 miles) in Jersey City is 6,863.
So, about how much do homes cost in Jersey City? The most recent median value of resident-owned homes in Jersey City is 375,185. An estimated 29.1 percent of households in Jersey City own their homes, with an average family size of 3.13. The median household income in Jersey City is 70,752, with37.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Jersey City, the median commute time of resident workers (in minutes) is 37.2. And last, but certainly not least, are you looking for homes to rent in Jersey City? If so, the average rent price paid by renters in Jersey City is 1,401, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Jersey City, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Jersey City is 34.3, split between 49.6 percent male versus 50.4 female. The percentage of residents who report being married in Jersey City is 43.6, with an average family size of 3.13.
The percentage of residents who report their race in Jersey City is as follows:
|Black / African American||22.9%|
|American Indian / Alaskan Native||0.5%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Jersey City? Or maybe you are searching for 55+ active adult communities in and/or near Jersey City?
The percentage of residents who report their age in Jersey City is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Jersey City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Jersey City.
How do you know that living in -- or moving to -- Jersey City is right where you need to be? Perhaps you grew up in Jersey City or already live nearby; therefore, the decision to buy a home in Jersey City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Jersey City for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Jersey City:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Jersey City.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Jersey City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Jersey City, meanwhile, can field multiple offers from more qualified buyers.