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These days, finding an affordable place to live in the Downtown Jersey City area can be challenging. Home prices in Downtown Jersey City are now at a median cost of $891,065, higher than the Jersey City average of $637,535.
The average cost of rent is $3,043/mo in Downtown Jersey City, primarily driven by the current value of real estate in the Downtown Jersey City area. In Downtown Jersey City, 77.07% of households rent, and 29.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Jersey City is $14,547 per month. Households that rent pay about 20.92% of their income on rent here. Downtown Jersey City’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- The Waterfront, Jersey City, NJ: equally priced homes
- McGinley Square, Jersey City, NJ: less expensive homes
- Journal Square, Jersey City, NJ: less expensive homes
- Battery Park, Manhattan, NY: higher priced homes
- Bergen-Lafayette, Jersey City, NJ: less expensive homes
- The Heights, Jersey City, NJ: less expensive homes
- Tribeca, Manhattan, NY: higher priced homes
- Financial District, Manhattan, NY: higher priced homes
- Soho, Manhattan, NY: higher priced homes
- West Village, Manhattan, NY: higher priced homes
Neighborhoods with Similar Populations
- Southwestern Denver, Denver, CO: less expensive homes
- Greenpoint, Brooklyn, NY: higher priced homes
- Greenville, Jersey City, NJ: less expensive homes
- Mid City West, Los Angeles, CA: higher priced homes
- Midtown-Memphis, Memphis, TN: less expensive homes
- Mission Bay, San Diego, CA: equally priced homes
- North Arlington, Arlington, TX: less expensive homes
- Outer Sunset, San Francisco, CA: higher priced homes
- Oxford Circle, Philadelphia, PA: less expensive homes
- Ozone Park, Queens, NY: less expensive homes
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