Jersey City, NJ Housing Market: Home Prices & Rent
Jersey City home values since 2000
Last few years
Rent in Jersey City
Owning vs renting, monthly
Buying the typical Jersey City home with 20% down at this week's 7.32% 30-year rate costs about $4,429/month (principal, interest plus ~1.5% a year for tax and insurance) vs $3,101/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
Jersey City vs the New York City metro, New Jersey and the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| Jersey City, NJ | $657k | +0.4% | $3,101/mo |
| New York City metro | $731k | +4.9% | $3,546/mo |
| New Jersey | $575k | +4.0% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Jersey City, NJ?
No - the typical Jersey City home value is up 0.4% over the past 12 months, at $657k (September 2026).
Is the Jersey City housing market crashing?
Home values are close to their 2020s high and up 0.4% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Jersey City, NJ?
Typical rent in Jersey City is $3,101 a month (September 2026), +3.1% over 12 months.
Is Jersey City more expensive than the rest of the New York City area?
The typical Jersey City home ($657k) is 10% below the New York City metro typical of $731k (September 2026).
More of the New York City area
New York City metro housing market
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index for the city of Jersey City, September 2026; days to contract for the metro area). 30-year mortgage rate: Freddie Mac PMMS. How we calculate.