Property Prices in Jersey City, NJ, United States

Index Info
Price to Income Ratio: 5.51
Mortgage as Percentage of Income: 49.37%
Loan Affordability Index: 2.03
Price to Rent Ratio - City Centre: 12.31
Price to Rent Ratio - Outside of Centre: 12.32
Gross Rental Yield (City Centre): 8.12%
Gross Rental Yield (Outside of Centre): 8.12%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 3,122.22 $ 2,500.00-4,000.00
Apartment (1 bedroom) Outside of Centre 2,250.00 $ 2,000.00-2,500.00
Apartment (3 bedrooms) in City Centre 5,033.33 $ 3,000.00-7,500.00
Apartment (3 bedrooms) Outside of Centre 3,360.00 $ 2,600.00-6,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 742.65 $ 527.96-999.99
Price per Square Feet to Buy Apartment Outside of Centre 518.64 $ 500.00-527.96
Salaries And Financing
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Average Monthly Net Salary (After Tax) 6,158.54 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.52 5.00-6.80

These data are based on 107 entries in the past 18 months from 40 different contributors.
Last update: February 2024

Sources and References
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