Jersey, NJ housing market
The typical Jersey home is worth about $658,000, about the same as a year ago, 13% above the New Jersey typical home. Homes typically sell in 42 days, close to asking.
Home values, sales, trends and how Jersey compares with the towns next door — updated as new data is published.
Jersey at a glance
A balanced market
About 4.8 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Jersey | New Jersey |
|---|---|---|
| 2017 | $418,000 | $317,000 |
| 2018 | $480,000 | $330,000 |
| 2019 | $510,000 | $343,000 |
| 2020 | $520,000 | $358,000 |
| 2021 | $554,000 | $394,000 |
| 2022 | $591,000 | $441,000 |
| 2023 | $593,000 | $471,000 |
| 2024 | $618,000 | $511,000 |
| 2025 | $660,000 | $551,000 |
| 2026 | $650,000 | $568,000 |
| August 2026 | $658,000 | $580,000 |
2,098 new homes permitted in 2025
Builders were permitted 2,098 new homes in Jersey in 2025: 184 single-family houses and 1,914 in buildings with two or more homes, worth about $347.3 million to build. That's 7.1 per 1,000 residents, faster than across New Jersey (3.1). Over the past 10 years, Jersey has permitted 27,829 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Jersey gained 44,852 residents while 18,125 new homes were permitted: about 2.5 new residents per new home. Building and growth moved roughly in step. Across New Jersey: 2 new residents per new home.
How Jersey ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1,772 | 110 | 1,662 | $298.9 million |
| 2025 | 2,098 | 184 | 1,914 | $347.3 million |
| 2024 | 2,601 | 185 | 2,416 | $446.7 million |
| 2023 | 2,339 | 151 | 2,188 | $327.2 million |
| 2022 | 3,741 | 254 | 3,487 | $821.6 million |
| 2021 | 3,232 | 245 | 2,987 | $397 million |
| 2020 | 3,552 | 130 | 3,422 | $516.6 million |
| 2019 | 4,675 | 2,003 | 2,672 | $367.5 million |
| 2018 | 2,493 | 1,026 | 1,467 | $142.9 million |
| 2017 | 1,604 | 207 | 1,397 | $140.7 million |
| 2016 | 1,494 | 206 | 1,288 | $299.2 million |
| 2015 | 2,658 | 338 | 2,320 | $343.5 million |
| 2014 | 2,180 | 197 | 1,983 | $487.6 million |
| 2013 | 1,687 | 60 | 1,627 | $123.2 million |
| 2012 | 616 | 2 | 614 | $23.3 million |
| 2011 | 548 | 0 | 548 | $83 million |
| 2010 | 170 | 2 | 168 | $26.9 million |
| 2009 | 1,048 | 21 | 1,027 | $268.1 million |
| 2008 | 1,457 | 16 | 1,441 | $183.1 million |
| 2007 | 1,157 | 41 | 1,116 | $82.9 million |
| 2006 | 2,422 | 5 | 2,417 | $151.2 million |
| 2005 | 3,078 | 170 | 2,908 | $282.5 million |
| 2004 | 2,153 | 84 | 2,069 | $120.8 million |
| 2003 | 924 | 2 | 922 | $86.8 million |
| 2002 | 831 | 40 | 791 | $90.6 million |
| 2001 | 480 | 27 | 453 | $46.6 million |
| 2000 | 167 | 6 | 161 | $9.7 million |
Jersey's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Jersey ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Jersey and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Jersey | $658K | −0.2% | $2,700 | 2,098 | $97,710 |
| Secaucus | $658K | +4% | $3,450 | 3 | $139,821 |
| Hoboken | $883K | +4.5% | $4,140 | 63 | $180,579 |
| Bayonne | $593K | +2% | $2,430 | 108 | $83,887 |
| Kearny | $577K | +2% | $2,510 | 85 | $79,154 |
| Union City | $564K | +5.3% | $2,380 | 70 | $64,310 |
| North Bergen | $585K | +1.7% | $2,970 | 65 | $78,911 |
6.7 years of income
The typical Jersey home costs about 6.7 years of the town's median household income, more than across New Jersey (5.6 years).
How Jersey ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,700
HUD's Fair Market Rent for a two-bedroom in Jersey is $2,700 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Jersey pay a median of $2,007, so moving in tends to cost more than staying put. A two-bedroom takes about 33% of the town's median household income, above the 30% guideline for affordable housing.
Studio $2,350 · 4 bedrooms $3,870
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (07302, 07304, 07305, 07306, 07307, 07310; Jersey City, NJ HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.