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Jersey City city, NJ

ZIP 07306 — Housing & Real Estate

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

Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07306

Median Home Value
$502,600
Median Rent
$1,509
Affordability Snapshot
$138,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,229/mo PITI).

24%
Rent-to-Income Ratio

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

6.6x
Home Price-to-Income Ratio

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

27.8 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 07306 in Jersey City city, NJ, a household would need roughly $138,000 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 $3,229. That is about 82% above the local median household income ($75,861), 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
23.6%-64% vs US avg
x
Vacancy Rate
7.2%-30% vs US avg
x
Broadband Access
90.4%+4% vs US avg
x
4+ Bedrooms
1.1%-93% vs US avg
x
Built Pre-1939
5.5%-57% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
22.5%-55% vs US avg
x
Mortgage-Free
40.5%+6% vs US avg
x
$502,600
Home Value
$1,509
Rent
1962
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached7.8%
  • 1-unit attached4.5%
  • 2-9 units42.1%
  • 10+ units45.6%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$502,600
Median rent$1,509
Owner-occupied23.6%
Vacant7.2%
Price-to-income6.6x
Est. income to buy$138,000