Property Prices in Jersey City, NJ, United States

Index Info
Price to Income Ratio: 5.60
Mortgage as Percentage of Income: 50.55%
Loan Affordability Index: 1.98
Price to Rent Ratio - City Centre: 11.38
Price to Rent Ratio - Outside of Centre: 12.24
Gross Rental Yield (City Centre): 8.79%
Gross Rental Yield (Outside of Centre): 8.17%
Rent Per Month
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Apartment (1 bedroom) in City Centre 3,204.17 $ 2,500.00-4,000.00
Apartment (1 bedroom) Outside of Centre 2,275.00 $ 2,000.00-2,700.00
Apartment (3 bedrooms) in City Centre 5,833.33 $ 3,500.00-7,500.00
Apartment (3 bedrooms) Outside of Centre 3,533.33 $ 2,600.00-4,000.00
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 529.73 $ 500.00-563.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 6,111.73 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.61 5.00-7.50

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

Sources and References
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