Jersey City, NJ Real Estate
According to census data in the year 2000 there were 93,648 housing units in Jersey City.
This represents a 3.2% growth from 90,723 in 1990.
Of those housing units, 93,648 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Jersey City is about 28.2%.
Jersey City's vacancy rate, including seasonal lodging, is about 5.4%.
Average household size is 2.67 people.
The majority of houses, apartments or condos in Jersey City were built after 1947.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 6.30% |
| One Bedroom | 30.20% |
| Two Bedrooms | 34.10% |
| Three Bedrooms | 21.40% |
| Four Bedrooms | 4.70% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.13 |
| Median year structure was built | 1940 |
| Median Value of occupied units | $125,000 |
| Median Price asked for vacant units | $92,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1950 |
| Median Monthly Rent asked for vacant units | $663 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 8% |
| Home Equity Loan | 6.30% |
| Simple Mortgage | 56.60% |
| Debt Free | 29.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.9% |
