Home Values

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

$305,500

  • 7.2% 1-year change
  • 1.5% 1-year forecast

The median home value in Jersey City is $305,500. Jersey City home values have gone up 7.2% over the past year and Zillow predicts they will rise 1.5% within the next year. The median list price per square foot in Jersey City is None. The median rent price in Jersey City is $2,000, which is lower than the New York Metro median of $2,515.

Foreclosures will be a factor impacting home values in the next several years. In Jersey City 1.7 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 2.0 and also lower than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Jersey City is 17.0%, which is higher than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Jersey City homeowners underwater on their mortgage is 25.7%, which is higher than New York Metro at 12.4%.

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Relative ZHVI
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Jersey City Market Overview

Data through May 31, 2015
  • $305,500 ZHVI
  • 1.5% 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
    (May 31, 2016)
  • No data Median listing price
  • $278,500 Median sale price (Apr 30, 2015)
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Jersey City Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 25.7% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 17.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

1.7 homes(Apr 30, 2015) Jersey City
2 homes New York Metro
3.5 homes United States
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Neighborhoods in Jersey City

Name Median ZHVI
Downtown Jersey City $519,400
The Waterfront $516,600
The Heights $304,800
Name Median ZHVI
Hackensack Riverfront $281,700
Journal Square $251,600
McGinley Square $228,100
Name Median ZHVI
West Side $224,800
Bergen-Lafayette $208,900
Greenville $208,500

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $275 Median sale price / sq ft
  • No data Listings with price cut
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Jersey City Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $2,085 Jersey City
    $2,357 New York Metro
    $1,367 United States

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

  • 2.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $2,000 Rent list price
  • $2.71 Rent list price / sq ft
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