Welcome to our 7002 real estate data hub, tailored for investors in Bayonne, NJ. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 7002 in Bayonne, NJ. Discover Section 8 housing opportunities and challenges to maximize your investment potential in HUDSON COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Bayonne, NJ real estate investing. Uncover the wealth of information available, and position yourself for success in the Bayonne property market.
-
Location Overview
- Zip Code: 7002
- City: Bayonne
- State: NJ
- Metro Area: New York-Newark-Jersey City, NY-NJ-PA
- County Name: HUDSON COUNTY
-
Real Estate Market Snapshot
- Average Home Price (All Types): $477,927
- Average Home Price (Single Family Homes): $510,400
- Average Monthly Rental Price (All Types): $2,030
- Price-to-Rent Ratio: 20
- Zillow Projected % appreciation from 4/2023-4/2024: -0.5%
-
Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,890
- Average 3 Bedroom Section 8 Rental Rates: $2,330
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 21.07
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 17.09
- Number of Units Offered in Section 8 in the County: 11488
- Number of Occupied Units in Section 8 in the County: 11027
- Percentage of Section 8 Units Occupied in the County: 96%
-
Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 191.45
- Total % Appreciation since 2000 (Government Data): 152.11
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 2.81%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.66%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 27.19%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 53.69%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 101.76%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 42.63%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 123.89%
-
Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.59%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 6.96%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 20.42%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 28.01%