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Jersey City city, NJ

ZIP 07302 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07302

Median Home Value
$853,700
Median Rent
$2,846
Affordability Snapshot
$235,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,484/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

25.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07302 in Jersey City city, NJ, a household would need roughly $235,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $5,484. That is about 41% above the local median household income ($166,854), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
24.3%-63% vs US avg
x
Vacancy Rate
6.9%-33% vs US avg
x
Broadband Access
96.0%+10% vs US avg
x
4+ Bedrooms
1.1%-92% vs US avg
x
Built Pre-1939
2.6%-80% vs US avg
x
Built Post-2014
1.9%-72% vs US avg
x
Rent Burden >30%
10.9%-78% vs US avg
x
Mortgage-Free
24.7%-35% vs US avg
x
$853,700
Home Value
$2,846
Rent
1996
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached2.2%
  • 1-unit attached4.7%
  • 2-9 units25.6%
  • 10+ units67.4%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$853,700
Median rent$2,846
Owner-occupied24.3%
Vacant6.9%
Price-to-income5.1x
Est. income to buy$235,000