Property Prices in Jersey City, NJ, United States

Index Info
Price to Income Ratio: 7.36
Mortgage as Percentage of Income: 54.69%
Loan Affordability Index: 1.83
Price to Rent Ratio - City Centre: 22.71
Price to Rent Ratio - Outside of Centre: 12.14
Gross Rental Yield (City Centre): 4.40%
Gross Rental Yield (Outside of Centre): 8.24%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,570.79 $ 1,800.00-3,023.00
Apartment (1 bedroom) Outside of Centre 1,430.00 $ 1,200.00-2,100.00
Apartment (3 bedrooms) in City Centre 3,724.35 $ 3,000.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 1,942.10 $ 1,800.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,079.30 $ 649.66-1,554.49
Price per Square Feet to Buy Apartment Outside of Centre 313.04 $ 239.66-500.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,090.93 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.25 3.85-5.00

These data are based on 163 entries in the past 18 months from 39 different contributors.
Last update: January 2021

Sources and References
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