Why Live in Jersey City
Liberty State Park stands as Jersey City's crown jewel, providing stunning views of the Manhattan skyline, Statue of Liberty, and Ellis Island alongside paths for biking, jogging, and kayaking. The Heights neighborhood features beautiful architecture with unmatched skyline views, while Journal Square buzzes as a major transit hub with diverse shops and the historic Landmark Loew's Jersey Theatre. Art lovers frequent Mana Contemporary, a massive arts center hosting exhibitions and performances, while outdoor enthusiasts enjoy Hamilton Park's green spaces and community events.
The real estate landscape varies by neighborhood. Downtown Jersey City and The Waterfront feature luxury condos, with median one bedroom prices at $535,000 and $755,000 respectively. The Heights contains more single family homes with a median price of $832,000, while similar properties in Journal Square have a median price of $729,000. Bergen-Lafayette's single family homes show a median price of $617,000, and West Side's median sits at $555,000.
Property taxes in Jersey City maintain a 1.85% effective rate, matching Hoboken but lower than Newark's 2.02%. The New Jersey state income tax rate is 0.00% for yearly salaries of $47,833, with a 6.625% state sales tax.
Transportation options include 24/7 PATH train service to Manhattan, NY Waterway ferries from Exchange Place and Port Liberté, and bus service through the Holland Tunnel. The education system features highly rated schools like Dr. Ronald E. McNair Academic High School and French American Academy, both rated A plus by Niche. Saint Peter's University and New Jersey City University provide higher education options within city limits.
The dining scene includes notable restaurants like Battello, serving modern Italian cuisine with waterfront views, and Razza, known for exceptional pizza. The Hudson River Waterfront Walkway connects residents to scenic paths perfect for leisure walks with views of NYC's Financial District.
Frequently Asked Questions
What is the average home price in Jersey City, NJ?
Homes for sale in Jersey City, NJ have an average home price of $809,341.
How many homes have sold over the last 12 months in Jersey City, NJ?
2,018 homes have sold in Jersey City, NJ over the last 12 months.
Is Jersey City, NJ a safe city?
What are the most popular zip codes in Jersey City, NJ?
What are the most popular neighborhoods in Jersey City, NJ?
How much do you need to make to afford a house in Jersey City?
The median home price in Jersey City is $700,000. If you put a 20% down payment of $140,000 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $3,630 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $156K a year to afford the median home price in Jersey City.
How are the schools in Jersey City, NJ?
Home Trends in Jersey City, NJ
On average, homes in Jersey City, NJ sell after 41 days on the market compared to the national average of 51 days. The median sale price for homes in Jersey City, NJ over the last 12 months is $705,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$705,000
Median Single Family Sale Price
$690,000
Median Townhouse Sale Price
$775,000
Median 2 Bedroom Sale Price
$715,000
Median 1 Bedroom Sale Price
$510,000
Median Studio Sale Price
$778,000
Average Price Per Sq Ft
$671
Number of Homes for Sale
709
Last 12 months Home Sales
2,018
Median List Price
$700,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%
