The housing in 07304 Jersey City, NJ is a great investment for those looking to own a home. The median value for houses in this area is $428,400, which is significantly higher than the US house median value of $338,100. In addition, the one-year house appreciation in Jersey City is 8.22%, which is slightly lower than the US average of 8.27%. This indicates that homeowners in Jersey City can expect their homes to increase in value over time. With its desirable location and strong appreciation rate, Jersey City has become an increasingly popular destination for potential homeowners looking to invest in property.
The median home cost in Jersey City (zip 07304) is $428,400. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Jersey City (zip 07304) is up 10.8%.
Average Age of Homes
- The median age of Jersey City (zip 07304) real estate is 72 years old
The Rental Market in Jersey City (zip 07304)
- Renters make up 64.1% of the Jersey City (zip 07304) population
- 2.7% of houses and apartments in Jersey City (zip 07304), 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.