The Most Affordable Neighborhoods in Journal Square, Jersey City, NJ by Home Value

 

Journal Square, Jersey City, NJ Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Journal Square area can be challenging. Home prices in Journal Square are now at a median cost of $456,755, lower than the Jersey City average of $506,227.

The average cost of rent is $1,473/mo in Journal Square, primarily driven by the current value of real estate in the Journal Square area. While nearly 45.53% of residents own their homes outright in Journal Square, 78.11% rent.

Housing affordability isn’t just about home prices, though. The average household income in Journal Square is $6,025 per month. Households that rent pay about 24.45% of their income on rent here. Journal Square's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the neighborhood.


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