Welcome to our 7307 real estate data hub, tailored for investors in Jersey City, 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 7307 in Jersey City, 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 Jersey City, NJ real estate investing. Uncover the wealth of information available, and position yourself for success in the Jersey City property market.
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Location Overview
- Zip Code: 7307
- City: Jersey City
- State: NJ
- Metro Area: New York-Newark-Jersey City, NY-NJ-PA
- County Name: HUDSON COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $592,509
- Average Home Price (Single Family Homes): $672,994
- Average Monthly Rental Price (All Types): $2,212
- Price-to-Rent Ratio: 22
- Zillow Projected % appreciation from 4/2023-4/2024: -0.9%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $2,070
- Average 3 Bedroom Section 8 Rental Rates: $2,560
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 23.85
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 19.29
- 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%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 397.43
- Total % Appreciation since 2000 (Government Data): 343.09
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 2.23%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 3.27%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 24.09%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 46.53%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 227.76%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 71.04%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 215.07%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.5%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 11.74%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 21.45%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 32.41%