Property Prices in Jersey City, NJ, United States

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Index
Price to Income Ratio:	5.6
Mortgage as Percentage of Income:	50.45%
Loan Affordability Index:	1.98
Price to Rent Ratio - City Centre:	11.51
Price to Rent Ratio - Outside of Centre:	12.24
Gross Rental Yield (City Centre):	8.69%
Gross Rental Yield (Outside of Centre):	8.17%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	3,134.62 $	2,300.0-4,000.0
Apartment (1 bedroom) Outside of Centre	2,275.0 $	2,000.0-2,700.0
Apartment (3 bedrooms) in City Centre	5,833.33 $	3,500.0-7,500.0
Apartment (3 bedrooms) Outside of Centre	3,533.33 $	2,600.0-4,000.0
Buy Apartment Price	Edit
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	529.73 $	500.0-563.0
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	6,111.73 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.58	5.0-7.5

These data are based on 110 entries in the past 18 months from 31 different contributors.
Last update: October 2024

Sources and References

Nearby cities:

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	64,600.0
GDP Growth Rate:	1.94%
Population Growth Rate:	0.68%