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Jersey City city, NJ

ZIP 07304 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07304

Median Home Value
$489,400
Median Rent
$1,428
Affordability Snapshot
$135,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,144/mo PITI).

25%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

7.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

28.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07304 in Jersey City city, NJ, a household would need roughly $135,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,144. That is about 97% above the local median household income ($68,432), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
26.0%-60% vs US avg
x
Vacancy Rate
6.5%-37% vs US avg
x
Broadband Access
90.3%+4% vs US avg
x
4+ Bedrooms
3.9%-74% vs US avg
x
Built Pre-1939
8.3%-35% vs US avg
x
Built Post-2014
2.4%-65% vs US avg
x
Rent Burden >30%
24.8%-50% vs US avg
x
Mortgage-Free
28.6%-25% vs US avg
x
$489,400
Home Value
$1,428
Rent
1955
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached10.0%
  • 1-unit attached9.4%
  • 2-9 units40.7%
  • 10+ units39.8%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$489,400
Median rent$1,428
Owner-occupied26.0%
Vacant6.5%
Price-to-income7.2x
Est. income to buy$135,000