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 $639,913, higher than the Jersey City average of $637,535.

The average cost of rent is $1,766/mo in Journal Square, primarily driven by the current value of real estate in the Journal Square area. In Journal Square, 78.25% of households rent, and 52.88% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Journal Square is $6,868 per month. Households that rent pay about 25.72% of their income on rent here. Journal Square’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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