Market Overview
Home Prices in Jersey City, NJ
The median home value in Jersey City, NJ is $665,140 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.3% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Jersey City are priced62% above average. Jersey City is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Jersey City home values have risen by approximately14.1%, reflecting steady appreciation in this market.
Price History
Jersey City Home Price Trend
City Comparison
Jersey City vs. National Median
At $665,140, homes in Jersey City cost 62% above the national median of $410,000. Buyers in Jersey City should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Jersey City?
20% Down Payment
$133,028
on $665,140
Monthly P&I
$3,469/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,406/mo
incl. taxes & insurance
Income Needed
$176,240
gross annual (30% rule)
10% Down Option
$66,514
+ PMI applies
Loan Amount (20% dn)
$532,112
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Jersey City, NJ?
The median home value in Jersey City is $665,140 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.3% year-over-year.
How much have home prices changed in Jersey City?
Over the past year, home values in Jersey City have decreased by 1.3%. Over five years, prices have risen approximately 14.1%.
How much do I need to earn to buy a home in Jersey City?
To comfortably afford the median home price of $665,140 with a 20% down payment ($133,028) at today's rates (6.8%), you'd need a gross annual income of approximately $176,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Jersey City compare to the national average home price?
The national median home value is approximately $410,000. At $665,140, homes in Jersey City are 62% above the national average.
What metro area is Jersey City part of?
Jersey City is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.