Property Prices in Jersey City, NJ, United States

Index Info
Price to Income Ratio: 6.41
Mortgage as Percentage of Income: 52.63%
Loan Affordability Index: 1.90
Price to Rent Ratio - City Centre: 25.94
Price to Rent Ratio - Outside of Centre: 9.00
Gross Rental Yield (City Centre): 3.85%
Gross Rental Yield (Outside of Centre): 11.12%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,850.00 $ 2,000.00-3,500.00
Apartment (1 bedroom) Outside of Centre 1,452.29 $ 1,333.00-1,800.00
Apartment (3 bedrooms) in City Centre 4,500.00 $ 3,000.00-6,000.00
Apartment (3 bedrooms) Outside of Centre 2,600.00 $ 2,200.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,415.86 $ 999.99-1,554.49
Price per Square Feet to Buy Apartment Outside of Centre 264.16 $ 180.00-306.25
Salaries And Financing
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Average Monthly Net Salary (After Tax) 7,050.04 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.43 5.43-5.43

These data are based on 59 entries in the past 18 months from 22 different contributors.
Last update: August 2022

Sources and References
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