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Jersey City city, NJ

ZIP 07307 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07307

Median Home Value
$574,000
Median Rent
$1,534
Affordability Snapshot
$158,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,687/mo PITI).

23%
Rent-to-Income Ratio

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

7.1x
Home Price-to-Income Ratio

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

31.2 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 07307 in Jersey City city, NJ, a household would need roughly $158,000 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 $3,687. That is about 96% above the local median household income ($80,745), 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
35.0%-47% vs US avg
x
Vacancy Rate
7.5%-27% vs US avg
x
Broadband Access
92.1%+6% vs US avg
x
4+ Bedrooms
1.3%-91% vs US avg
x
Built Pre-1939
5.8%-55% vs US avg
x
Built Post-2014
1.5%-78% vs US avg
x
Rent Burden >30%
23.4%-53% vs US avg
x
Mortgage-Free
33.5%-12% vs US avg
x
$574,000
Home Value
$1,534
Rent
1953
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached10.4%
  • 1-unit attached5.0%
  • 2-9 units64.4%
  • 10+ units20.1%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$574,000
Median rent$1,534
Owner-occupied35.0%
Vacant7.5%
Price-to-income7.1x
Est. income to buy$158,000