Liberty State Park

Jersey City, NJ

Neighborhood Market Analysis

Q3 2025 Report
$850,000 (April 2025); $468,000 (May 2025, down 47.6% YoY)
Median Home Price
77 (Very walkable; most errands can be accomplished on foot)
Walkability Score
Public schools are generally rated average to above average; PS 16 is highly rated and sought after.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by the Hudson River to the east, Communipaw Avenue to the north, and the Liberty State Park green space to the south and west. Includes residential pockets near the park entrance and along Johnston Avenue.

Zip Codes

0730507304

Market Data Summary

Price Range$450,000–$1,200,000+ (varies by property type and proximity to waterfront)
Price per Sq Ft$382 (April 2025)
Inventory LevelsModerate to high; more listings than previous years, with new construction and resale units both available.

Property Characteristics

Home Types & Architecture

Home Types

CondominiumsTownhomesOccasional single-family homes

Architectural Styles

Modern mid-riseContemporary townhomesIndustrial loft conversions

Property Details

Typical Lot SizesCondos: N/A; Townhomes: 1,200–2,000 sq ft lots; Single-family: 2,000–3,500 sq ft (rare)
Home Age RangeNew construction (2015–2025), some conversions of older industrial buildings (pre-1940s)
Construction QualityGenerally high, especially in new developments and recent renovations. Modern amenities and energy-efficient features common.

Community Profile

Demographics & Lifestyle

Demographics

Diverse, with a mix of young professionals, families, and long-term residents. High proportion of commuters to Manhattan. Increasing international and tech-sector presence.

Community Vibe

Active, urban, and outdoors-oriented. Residents value green space, waterfront access, and city amenities.

Typical Residents

  • Young professionals
  • Commuters
  • Small families
  • Investors

Family Friendly

Moderately family-friendly; proximity to Liberty State Park and playgrounds is a draw, but some areas are more urban and better suited to adults or couples.

Amenities & Lifestyle

Parks & Recreation

  • Liberty State Park (major regional park)
  • Hudson River waterfront paths
  • Playgrounds
  • Picnic areas

Dining Options

  • Casual cafes
  • Ethnic eateries
  • Food trucks near the park
  • Upscale dining in nearby Paulus Hook

Shopping Centers

  • Small local plazas
  • Grocery stores within 1 mile
  • Major shopping in downtown Jersey City

Local Businesses

  • Coffee shops
  • Boutique fitness studios
  • Convenience stores
  • Bike rentals

Education & Schools

Public schools are generally rated average to above average; PS 16 is highly rated and sought after.
Overall School Rating

Elementary Schools

  • PS 16 Cornelia F. Bradford
  • PS 3 Dr. Charles P. DeFuccio

Middle Schools

  • PS 4 Frank R. Conwell

High Schools

  • Liberty High School
  • Dickinson High School

Private Schools

  • St. Peter's Prep (nearby)
  • The French American Academy

Transportation & Accessibility

Transit & Roads

Public Transit

  • Hudson-Bergen Light Rail (Liberty State Park and Garfield Ave stations)
  • PATH train (Exchange Place, Grove Street nearby)
  • NY Waterway ferry (Paulus Hook)

Major Roads

  • Communipaw Avenue
  • Johnston Avenue
  • Grand Street

Commute & Walkability

Commute Times15–30 minutes to Manhattan (via PATH or ferry); 10 minutes to downtown Jersey City; 30–45 minutes to Newark Airport.
WalkabilityHigh; easy access to park, transit, and local amenities.
ParkingMixed; newer buildings offer garage parking, but street parking can be limited during peak times.

Marketing Intelligence

Target Buyer Types

  • NYC commuters
  • Young couples
  • Investors
  • Small families

Key Selling Points

  • Direct access to Liberty State Park and waterfront
  • Quick Manhattan commute
  • Modern, energy-efficient homes
  • Vibrant, walkable community

Pricing Considerations

Price competitively due to increased inventory and recent price swings. Highlight value relative to downtown Jersey City and Hoboken.

Common Objections & Response Strategies

Objection: Recent price drops and market volatility

Response Strategy:

Emphasize long-term value, ongoing development, and unique park access. Show data on historical appreciation and rental demand.

Objection: Limited single-family home options

Response Strategy:

Highlight spacious townhomes and modern condos with family-friendly layouts. Suggest nearby neighborhoods for more detached options.

Objection: HOA fees in new developments

Response Strategy:

Break down amenities and maintenance included; compare to similar fees in competing areas.

Investment Insights

Investment Potential

Appreciation Potential

Moderate to high long-term, given ongoing development and park proximity. Short-term volatility observed in 2025.

Rental Demand

Strong, especially for 1–2 bed units targeting commuters and young professionals.

Buyer Competition

Moderate; more options for buyers in 2025, but well-priced homes still attract multiple offers.

Best For

  • Commuters to NYC
  • Young professionals
  • Investors seeking rental income
  • Families valuing green space

Potential Concerns

  • Price volatility in 2025
  • HOA fees in newer developments
  • Limited single-family inventory

Professional Recommendations

1

Leverage Liberty State Park and waterfront access in all marketing materials.

2

Educate buyers on recent price trends and long-term value.

3

Network with local businesses and park organizations for community-driven events.

4

Stage homes to highlight light, space, and park views.

5

Monitor inventory and price competitively; be ready to negotiate in a more balanced market.

Competitive Analysis

Comparable Markets

  • Paulus Hook
  • Downtown Jersey City
  • Bergen-Lafayette

Market Positioning

Ideal for buyers seeking urban lifestyle with green space and easy NYC access.

Competitive Advantages

  • Direct park and waterfront access
  • Lower price per square foot than downtown
  • Modern housing stock

Price Comparison

Liberty State Park area offers lower median prices and HOA fees than Paulus Hook and downtown, with similar amenities and transit access.

Investment Metrics

3.8%–4.5% for well-leased condos/townhomes
Cap Rates
4%–5% gross yield typical for 1–2 bed units
Rental Yields
18–22 (varies by unit type and finish)
Price-to-Rent
Positive for well-priced units with strong rental demand; best for long-term holds.
Cash Flow
Moderate growth expected as market stabilizes post-2025 correction.
Appreciation

Buyer Journey Insights

First-Time Buyers

Good entry point due to increased inventory and lower prices; focus on condos and smaller townhomes.

Move-Up Buyers

Limited single-family options, but larger townhomes available; highlight space and park access.

Downsizers

Attractive for those seeking low-maintenance living with outdoor amenities.

Investors

Strong rental demand, especially for 1–2 bed units; watch for HOA and management quality.

Relocators

Appealing for NYC transplants seeking more space and green access with easy city commute.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

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

Related Market Intelligence

Explore connected markets and opportunities