Real Estate Market Update for 07306 (Jersey City, NJ)
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was up 40% from one year earlier, and up 17% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 350-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 100%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 220-thousand dollars. The number of units sold increased 100% year-over-year, and increased 100% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 07306 (Jersey City, NJ)
Area Information for 07306 (Jersey City, NJ)
  • Population: 54,350
  • Median Age: 35.64 yr
  • Median Commute Time: 34 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 19,969/sq mi
  • Population Change Since 2000: -1.65%
  • Closest Airport: Newark Liberty International
  • Closest College: Saint Peters College
  • Closest Jr. College: Hudson County Community College
  • Median Household Income: $50,325
  • Annual Residential Turnover: 11%
  • Median Home Sales Price: $260,500
  • Closest Major Sports Team: New York Knicks
  • Change Avg. Household Income Since 2000: 41.83%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 07306 (Jersey City, NJ)
Median Age: 35.64 Married: 35% Number of Households: 20,739 Households with Children: 5,885
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 07306 (Jersey City, NJ)

      School Name Distance Type Grades School Rating Parent Rating
      Number 23 Elementary School 0.1 mi Public PRESCHOOL-8 1 0
      St Elizabeths School 0.1 mi Catholic K-K 0 0
      The Ethical Community Charter School 0.2 mi Public K-4 3 0
      Anthony J. Infante No. 31 Elementary School 0.3 mi Public PRESCHOOL-2 0 0
      Jersey City Golden Door Charter School 0.3 mi Public PRESCHOOL-8 3 0
      Liberty High School 0.3 mi Public 9-12 3 4
      Martin Luther King, Jr No. 11 Elementary School 0.4 mi Public PRESCHOOL-8 2 0
      Franklin L Williams Ms No7 0.6 mi Public 6-8 2 0
      Hudson Catholic Regional High School 0.6 mi Catholic 9-12 0 0
      Primary Prep Elementary School 0.6 mi Private PRESCHOOL-8 0 0
      St Joseph Elementary School 0.7 mi Catholic PRESCHOOL-8 0 0
      Jotham W. Wakeman No. 6 Elementary School 0.7 mi Public PRESCHOOL-5 2 0
      Dr. Charles P. Defuccio No. 39 Elementary School 0.8 mi Public PRESCHOOL-8 1 0
      William L. Dickinson High School 0.8 mi Public 9-12 2 3
      Adult Evening High School 0.8 mi Public - 0 0
      St. Aloysius Elementary School 0.8 mi Catholic PRESCHOOL-8 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 07306 (Jersey City, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.