Jersey City is the second largest city in New Jersey. With a population just under 250,000, Jersey City is home to a diverse population that thrives in this urban environment. With good schools, rapid economic growth and family-friendly neighborhoods, Jersey City is a great place to jump into urban living.
Jersey City, NJ is a great place for affordable rent-to-own homes! With the current housing shortage trend it can make it harder to become a homeowner, including in Jersey City, NJ. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
Jersey City, NJ is seeing rapid growth and Jersey City, NJ's' housing market remains optimal with an average home price that is -100% below the 2023 national average. Jersey City, NJ is part of Hudson county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2023 for county Hudson is 1.67% which is above the national average, which is 0.99%.
Housing Statistics Getting your housing priorities into order is important if you want to get a rent to own property, rent an apartment or buy a home outright. Having the necessary information available will be helpful in making that decision. The number of recent home sales in Jersey City is 274. The average listing price is $369,759, but the median home sales price is $287,500. If you are considering buying a home, know that about 32.15% of people here own a house. If you want to rent, you should have no problem finding a place, since the apartment vacancy rate is about 13%.
Local Sports Most local sports are affiliated with local schools, such as New Jersey City University and St. Peter's University. There are also plenty of opportunities to participate in sports through high school, college and community teams. In addition, hiking, biking, fishing and various winter sports are popular in this city.
Arts and Culture With several art galleries, museums and theaters, there is no shortage of artistic or cultural activities to fill your time with in Jersey City. A brief look around the city will open your eyes to hundreds of activities, all within a short walk or drive. The Jersey City museum is a popular destination for locals and tourists alike. The museum collection has over 20,000 pieces, and there is a 152-seat amphitheater. Some financial difficulties caused it to close in 2010, but thanks to some community spirit, the museum was reopened in mid-2013. The Museum of Russian Art is another popular cultural hub. It specializes in Soviet Non-Conformist art and includes other artistic pieces by Russian artists. In addition, Jersey City is the home of India Square, which is rich in music, art and restaurants. There are also several grocers here with specialty items that are almost impossible to find in most of the U.S. This area is very popular with tourists due to the friendly nature of the residents and the unique goods available in the shops.
Neighborhoods There are 7 primary neighborhoods in Jersey City. For more information about them, read on below: