Downtown Jersey City Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$665,400

  • 19.8% 1-year change
  • 8.1% 1-year forecast

The median home value in Downtown Jersey City is $665,400. Downtown Jersey City home values have gone up 19.8% over the past year and Zillow predicts they will rise 8.1% within the next year. The median rent price in Downtown Jersey City is $2,600, which is higher than the Jersey City median of $2,200.

Foreclosures will be a factor impacting home values in the next several years. In Downtown Jersey City 0.7 homes are foreclosed (per 10,000). This is lower than the Jersey City value of 1.2 and also lower than the national value of 3.6

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Relative ZHVI
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Downtown Jersey City Market Overview

Data through Jul 31, 2015
  • $665,400 ZHVI
  • 8.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jul 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Downtown Jersey City Market Health

Data through Jul 31, 2015
  • 9.7/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • No data Homes with negative equity (15.4% US Avg)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

1(Sep 30, 2014) Downtown Jersey City
1(Jun 30, 2015) Jersey City
4 United States
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Nearby Neighborhoods

Name Median ZHVI
Tribeca $2,944,500
Financial District $1,041,500
The Waterfront $516,600
Name Median ZHVI
The Heights $304,800
Hackensack Riverfront $281,700
Journal Square $251,600
Name Median ZHVI
McGinley Square $228,100
West Side $224,800
Bergen-Lafayette $208,900

Listings & Sales

  • No data
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Downtown Jersey City Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $2,879 Downtown Jersey City
    $2,078 Jersey City
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $2,600 Rent list price
  • $2.94 Rent list price / sq ft
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