Jersey City housing market: home prices, trends and forecast
Jersey City home prices: for Jersey City, New Jersey, a typical home was worth $656,649 in September 2026, according to the Zillow Home Value Index. That was +0.4% above a year earlier and −0.8% under the $661,700 peak reached in June 2025.
- Value of a typical home
- $656,649September 2026, Zillow ZHVI
- Change over 12 months
- +0.4%since September 2025
- Change over 10 years
- +62.6%since September 2016
- Since 2000, multiple
- ×4.0, with $165,655 as the starting value.
Jersey City home prices since 2000
Jersey City appears on the steel line, while the United States appears on the grey line. Beginning in January 2000, a typical Jersey City home rose in value from $165,655 to $656,649, or ×3.96. During that same period, the US figure was ×2.99. The boom high was $460,248 in July 2007, while the low was $268,958 in October 2012, a drop of −41.6%.
Yearly median home price in Jersey City
Each yearly figure averages the twelve monthly values; the 2026 figure shows the latest month.
| Year | Jersey City | Change on the year | United States |
|---|---|---|---|
| 2000 | $172,022 | $125,745 | |
| 2001 | $196,136 | +14.0% | $134,899 |
| 2002 | $228,587 | +16.5% | $144,276 |
| 2003 | $263,655 | +15.3% | $155,308 |
| 2005 | $377,582 | $189,732 | |
| 2006 | $443,024 | +17.3% | $206,531 |
| 2007 | $456,832 | +3.1% | $208,449 |
| 2008 | $423,742 | −7.2% | $195,574 |
| 2009 | $361,021 | −14.8% | $177,542 |
| 2010 | $333,700 | −7.6% | $171,462 |
| 2011 | $301,754 | −9.6% | $162,508 |
| 2012 | $275,510 | −8.7% | $161,137 |
| 2013 | $285,242 | +3.5% | $171,420 |
| 2014 | $319,356 | +12.0% | $182,996 |
| 2015 | $348,478 | +9.1% | $192,738 |
| 2016 | $395,551 | +13.5% | $204,509 |
| 2017 | $445,250 | +12.6% | $216,767 |
| 2018 | $499,517 | +12.2% | $230,541 |
| 2019 | $513,042 | +2.7% | $242,088 |
| 2020 | $533,693 | +4.0% | $257,151 |
| 2021 | $573,136 | +7.4% | $295,959 |
| 2022 | $599,164 | +4.5% | $340,014 |
| 2023 | $601,502 | +0.4% | $348,160 |
| 2024 | $639,064 | +6.2% | $359,751 |
| 2025 | $656,382 | +2.7% | $362,959 |
| September 2026 | $656,649 | +0.4% | $366,157 |
Current worth of any home bought in Jersey City in a given year
This uses an index-based estimate for a typical home; it is not an appraisal.
For the year, twelve monthly index values are averaged; the current value is from September 2026. You can also use the home appreciation calculator.
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Jersey City housing market forecast
For the New York, NY metro, Zillow's forecast is +2.8% over the 12 months starting September 2026, plus +0.7% during the next three months. Based on $656,649, Jersey City's typical value, the forecast points to near $675,000 one year from now.
This restates Zillow's central estimate for the metro. The site does not publish a forecast of its own. Such 12-month forecasts have typically differed from the realized change by several percentage points in either direction. This is not investment advice.
One table lists forecasts for every metro: forecast table.
Jersey City housing market crash risk score
40 of 100, high
Jersey City is ranked against 292 cities through five conditions that reached high levels before past price declines. Every input is scored against the other cities from 0 to 100. Equal weights are then used to average all five scores. The score shows present conditions; it does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −42.3% | 6 | 20% |
| Days listed on the market vs 2019 | −17.6% | 13 | 20% |
| Price-to-rent ratio | 17.6 | 48 | 20% |
| Price-to-income ratio | 6.5 | 77 | 20% |
| 12-month price change | +0.4% | 58 | 20% |
This is not investment advice. Scoring details: methodology. All 292 cities: crash risk rankings.
Homes available and days on market in Jersey City
For September 2026 the New York, NY metro listed 38,158 homes for sale, +6.3% more than one year earlier and −42.3% against September 2019. The median time to sell a listing was 56 days (−17.6% against 2019), while 10.3% of listings received a price cut.
| New York, NY metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 38,158 | +6.3% |
| New listings | 15,952 | |
| Median days on market | 56 | −3.5% |
| Median list price | $742,000 | −2.3% |
| Share with a price cut | 10.3% |
Metro inventory from Realtor.com® Economic Research. Realtor.com data. For every metro: city days on market.
Jersey City living costs and rent
By the Zillow Observed Rent Index, the monthly asking rent typical for Jersey City is $3,101, up 3.1% from a year earlier. The typical home is priced at 17.6 years of that rent. Median household income stands at $100,751 (Census ACS 2024). A typical home therefore costs 6.5 times a year's income. According to BEA, the metro price index stands at 112.6, compared with 100 for the US average. The housing-cost index is 148.6.
More housing markets in New Jersey
- Hoboken $894,141
New Jersey housing market covers the whole state.
How to read the chart
Each point shows a value from the Zillow Home Value Index for Jersey City in that month's dollars. It represents a typical home in the market's middle third, with smoothing and seasonal adjustment. The hollow dot marks the selected month on the slider, while the terracotta dot marks the latest month. These figures do not account for inflation, and an index tracks a typical home rather than one specific house. To find the value of a single home from its sale price, use the card above or the home appreciation calculator.