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Jersey City city, NJ

ZIP 07305 — Housing & Real Estate

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

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07305

Median Home Value
$418,200
Median Rent
$1,481
Affordability Snapshot
$115,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,686/mo PITI).

23%
Rent-to-Income Ratio

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

5.4x
Home Price-to-Income Ratio

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

23.5 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 07305 in Jersey City city, NJ, a household would need roughly $115,000 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 $2,686. That is about 49% above the local median household income ($77,126), 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
42.6%-35% vs US avg
x
Vacancy Rate
7.0%-32% vs US avg
x
Broadband Access
88.8%+2% vs US avg
x
4+ Bedrooms
3.1%-79% vs US avg
x
Built Pre-1939
7.9%-39% vs US avg
x
Built Post-2014
0.4%-95% vs US avg
x
Rent Burden >30%
31.4%-37% vs US avg
x
Mortgage-Free
30.0%-22% vs US avg
x
$418,200
Home Value
$1,481
Rent
1964
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached10.8%
  • 1-unit attached15.0%
  • 2-9 units55.1%
  • 10+ units19.0%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$418,200
Median rent$1,481
Owner-occupied42.6%
Vacant7.0%
Price-to-income5.4x
Est. income to buy$115,000