Real Estate Investing in Jersey City, New Jersey (07304)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07304 (Jersey City, NJ)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Jersey City, NJ (07304)?
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Market Analysis: 07304 Jersey City
ZIP 07304 inside Hudson County looks affordable on the surface — median value of $547K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 07304 can be a a strong candidate for hunting ground — but the discount at $547K reflects genuine risk that outside investors often underestimate.
Meanwhile, 07304 offers a low basis, the region around Jersey City has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A solid renter share of 71% in 07304 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Jersey City's stable or hybrid ZIPs before stepping into 07304. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Jersey City:
Property Strategy for 07304
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $332,190 | $2,190 | 4.7% | +6.5% | $332,190 |
| 2BR | $463,841 | $2,460 | 3.8% | +5.3% | $231,921 |
| 3BR | $607,014 | $3,000 | 3.6% | +5.2% | $202,338 |
| 4BR | $661,327 | $3,520 | 3.8% | +5.7% | $165,332 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07304 Compare?
| Metric | 07304 | Jersey City | New Jersey |
|---|---|---|---|
| Home Value | $546,628 | $393,255 | $559,826 |
| 5-Year CAGR | 2.7% | 3.0% | 8.4% |
| Avg Rent | $2,442 | $3,119 | - |
| Cap Rate | 3.5% | 3.4% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07304 (Jersey City, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $546,628 |
| Monthly Rent | $2,442 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | -4.0% ▼ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +4.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 07304
Population: 49,260
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 07304
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,178 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Jersey City, NJ a good investment right now?
With a 3.0/5 investability score, Jersey City, NJ ranks as a solid market for rental property investors. Median prices of $547K and rents of $2,442/mo drive the underlying numbers.
What real estate strategy is ideal for Jersey City, NJ?
Most investors in Jersey City, NJ run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Should investors worry about vacancy in Jersey City, NJ?
Jersey City, NJ vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What price range are homes in Jersey City, NJ?
Jersey City, NJ median home values land near $547K. That is reasonable territory for investors looking at $2,442/mo-per-month rentals.
Where do rents currently stand in Jersey City, NJ?
Rental rates in Jersey City, NJ average $2,442/mo. Tenant demand and $547K home values make the yield look reasonable by investor standards.
You know 07304 now. You don’t know where it ranks.
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How 07304 ranks in New York-Newark-Jersey City, NY-NJ-PA
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