Jersey City

New JerseyNew York-Newark-Jersey City MSA

Real Estate Market Analysis

Q3 2025 Report
$729,000 (June 2025)
Median Home Price
~292,000 (2025 est.)
Population
~$85,000 (2024 est.)
Median Income
Average to above average (varies by neighborhood)
School District Rating

Market Overview

Property Values

$729,000 (June 2025)
Median Home Price
$591 (+8.8% YoY)
Price per Sq Ft
+3.1% to +4.3% (2024-2025)
YoY Change

Market Performance

Days on Market39 days (avg.), 43 days (Zillow), hot homes: 15 days
Market TypeBalanced to slightly competitive
Months of SupplyData not specified; inventory up 11.9% MoM (June 2025)

Sales Activity

Sales Volume145 homes sold in June 2025 (down from 157 YoY)
Metro AreaNew York-Newark-Jersey City MSA
Population~292,000 (2025 est.)

Economic Indicators

Employment & Growth

Unemployment RateData not specified for 2025; historically 4-5% range
Job Growth RateStable, driven by proximity to NYC and local expansion
Median Household Income~$85,000 (2024 est.)

Major Employers

  • Jersey City Medical Center
  • Goldman Sachs
  • Verisk Analytics
  • Lord Abbett
  • Forrest Solutions
  • City of Jersey City

Demographics

~292,000 (2025 est.)
Population
~34 years
Median Age
Steady, driven by migration from NYC and young professionals
Population Growth
High; significant share with bachelor’s degree or higher
Education Level

Family Composition

Mix of young professionals, families, and multi-generational households

Key Industries

FinanceHealthcareTechnologyLogisticsEducationRetail

Education

School District

Average to above average (varies by neighborhood)
District Rating

Top Schools

  • Dr. Ronald E. McNair Academic High School
  • Infinity Institute
  • Cornelia F. Bradford School

Higher Education

  • New Jersey City University
  • Saint Peter’s University
  • Hudson County Community College

Infrastructure & Development

Major Projects

  • Journal Square redevelopment
  • Waterfront high-rise construction
  • Bergen-Lafayette revitalization

Transportation

  • PATH upgrades
  • Expanded ferry service to Manhattan
  • Bike lane expansion

Planned Developments

  • Mixed-use towers in Journal Square and Newport
  • Affordable housing initiatives

Lifestyle & Amenities

Recreation

  • Liberty State Park
  • Hudson River Waterfront Walkway
  • Local gyms and fitness studios

Dining & Entertainment

  • Diverse restaurants (Indian, Filipino, Italian, etc.)
  • Bars and nightlife in Downtown and Grove Street

Cultural Attractions

  • Mana Contemporary
  • White Eagle Hall
  • Jersey City Theater Center

Investment Analysis

Investment Opportunities

  • Strong rental demand from NYC commuters
  • Appreciation in Downtown, Journal Square, Bergen-Lafayette
  • New construction and luxury rentals

Growth Outlook

Modest appreciation (2-4% forecast for 2025) with stable demand

Market Risks

  • Rising mortgage rates (6.75%-7%)
  • Potential regulatory changes (rent control, zoning)
  • Older property maintenance costs

Rental Market

Robust; high occupancy, attractive yields, especially in transit-accessible areas

Marketing Intelligence

Target Demographics

  • Young professionals (25-40)
  • NYC commuters
  • First-time buyers
  • Investors

Marketing Channels

  • Zillow, Redfin, Realtor.com
  • Instagram, Facebook
  • Local real estate events

Pricing Strategies

Price at or slightly below recent comps to drive multiple offers; adjust for property condition and location

Common Objections & Response Strategies

Objection: Affordability and high prices

Response Strategy:

Highlight lower cost vs. Manhattan, strong appreciation, and rental income potential

Objection: Property taxes

Response Strategy:

Compare to NYC taxes, emphasize value and amenities

Objection: Older property maintenance

Response Strategy:

Recommend inspection, highlight renovated options, discuss renovation loans

Professional Recommendations

1

Stay updated on local zoning and rent control changes.

2

Leverage digital marketing and virtual tours to reach NYC buyers.

3

Highlight Jersey City’s transit, amenities, and value proposition in all marketing.

4

Advise investors on up-and-coming neighborhoods and value-add opportunities.

5

Educate buyers on property taxes and long-term appreciation potential.

Competitive Analysis

Comparable Markets

  • Brooklyn, NY
  • Hoboken, NJ
  • Newark, NJ

Market Positioning

Affordable urban alternative to NYC with strong amenities and growth potential

Competitive Advantages

  • Lower entry price than Manhattan/Brooklyn
  • Direct transit to NYC
  • Diverse housing stock

Price Comparison

Median price ~$729K vs. Brooklyn ~$950K, Hoboken ~$850K

Investment Metrics

4.5% - 5.5% (multi-family, 2025 est.)
Cap Rates
4% - 5% gross yield (varies by neighborhood)
Rental Yields
~20-22 (higher than national avg., lower than Manhattan)
Price-to-Rent
Positive in up-and-coming areas and with value-add strategies
Cash Flow
2-4% for 2025
Appreciation

Buyer Journey Insights

First-Time Buyers

Seek affordability, transit access, and newer finishes; often need education on taxes and closing costs.

Move-Up Buyers

Prioritize space, schools, and outdoor amenities; often sell existing condo to buy townhouse or single-family.

Downsizers

Look for low-maintenance condos near transit and amenities; value security and walkability.

Investors

Focus on rental yield, appreciation, and proximity to PATH; interested in multi-family and new construction.

Relocators

Attracted by lower costs than NYC, diverse neighborhoods, and easy Manhattan access.

This city analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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