Property Prices in Jersey City, NJ, United States

Index Info
Price to Income Ratio: 6.78
Mortgage as Percentage of Income: 49.15%
Loan Affordability Index: 2.03
Price to Rent Ratio - City Centre: 23.56
Price to Rent Ratio - Outside of Centre: 12.44
Gross Rental Yield (City Centre): 4.24%
Gross Rental Yield (Outside of Centre): 8.04%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,634.75 $ 2,000.00-3,023.00
Apartment (1 bedroom) Outside of Centre 1,404.33 $ 1,200.00-2,000.00
Apartment (3 bedrooms) in City Centre 3,756.47 $ 3,000.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 1,905.26 $ 1,841.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,140.68 $ 660.66-1,554.49
Price per Square Feet to Buy Apartment Outside of Centre 314.90 $ 239.66-500.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,776.39 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.96 3.00-5.00

These data are based on 110 entries in the past 18 months from 19 different contributors.
Last update: June 2021

Sources and References
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