Home prices
The median home value in Jersey City is $373,700. This is about $38,700 (9%) lower in comparison to its nearby areas.It is about $156,200 (71%) higher in comparison to the rest of the country, and compared to the city of New York is about $232,300 (38%) lower.
Rents
In Jersey City the median monthly rent is $1,401. This is about $120 (7%) lower compared to its nearby areas.It is roughly $339 (31%) higher compared to the entire country, and compared to the city of New York it is approximately $42 (2%) lower.
Nearby places
Hoboken
Hoboken is Jersey City's neighbor to the northeast. Housing prices there are significantly more expensive. Hoboken's median home cost is $720,700, which works out to $347,000 (48%) higher than Jersey City. Rent there is a lot more expensive. In Hoboken the median monthly rent is $2,315, which works out to $914 (39%) higher than Jersey City.
Kearny
Kearny is Jersey City's neighbor to the northwest. The real estate prices there are a little less expensive. Kearny's median home value is $333,100, which is $40,600 (12%) lower than Jersey City. Rent there is a little less expensive. The median rent in Kearny is $1,304 per month, which works out to $97 (7%) lower than Jersey City.
Union City
Union City is Jersey City's neighbor to the northeast. Its real estate prices are somewhat less expensive. Union City's median home value is $340,800, which works out to $32,900 (9%) lower than Jersey City. Rents there are somewhat less expensive. In Union City the median rent is $1,225 a month, which is $176 (14%) lower than Jersey City.
Bayonne
Bayonne is Jersey City's neighbor to the southwest. Housing prices there are a little less expensive. The median home in Bayonne costs $333,700, which is $40,000 (11%) lower than Jersey City. Rent there is somewhat less expensive. The median monthly rent in Bayonne is $1,255, which comes out to $146 (11%) lower than Jersey City.
Harrison
Harrison is approximately 4 miles northwest of Jersey City. Housing prices there are somewhat less expensive. The median home in Harrison is valued at $333,700, which is $40,000 (11%) lower than Jersey City. Rent there is a little more expensive. The median rent in Harrison is $1,504 per month, which works out to $103 (6%) higher than Jersey City.
