Welcome to our 7093 real estate data hub, tailored for investors in West New York, 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 7093 in West New York, 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 West New York, NJ real estate investing. Uncover the wealth of information available, and position yourself for success in the West New York property market.
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Location Overview
- Zip Code: 7093
- City: West New York
- 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): $387,451
- Average Home Price (Single Family Homes): $497,040
- Average Monthly Rental Price (All Types): $2,840
- Price-to-Rent Ratio: 11
- 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: $2,000
- Average 3 Bedroom Section 8 Rental Rates: $2,470
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 16.14
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 13.07
- 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): 237.43
- Total % Appreciation since 2000 (Government Data): 222.12
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.69%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -0.85%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 16.8%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 34.58%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 99.32%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 57.42%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 164.61%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -1.2%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 5.59%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 13.95%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 22.52%