Jersey City, New Jersey

As of December, 2014, the average apartment rent within a distance of 10 miles of Jersey City is $1942. The average rent for a one bedroom apartment in Jersey City is $1707, and the average rent for a two bedroom apartment in Jersey City is $2381.

For the prior six months, the average apartment rent in Jersey City has increased $65.50 or 3%. Apartments that are 1 bedroom have increased by $1.50 or 0%. Apartment units that are 2 bedrooms have gone up by $295 or 14%. 

A resource to get knowledge on the Jersey City apartment housing market is the New Jersey Apartment Association – http://www.njaa.com/.

As of 2015, February 15, for Jersey City, $245,667.59 is the median per unit multifamily sales price. This is a gain of 2.9% compared to the past 3 months and an increase of 7.7% when you compare it to last year’s prices.

Jersey City is located in New Jersey, and it has the number 2 greatest population of any city in the state, Newark being number 1. Hudson County has Jersey City as its county seat. 247,597 was the population of Jersey City in 2010. Jersey City is a port of entry. It has a large amount of rail connections and the distinction of 11 miles of waterfront. This makes Jersey City important for transportation as a terminus, as well as a manufacturing and distribution hub, for the Port of New Jersey, plus the Port of New York.

To search for Jersey City multifamily complexes for sale, go to http://www.loopnet.com/Apartment-Buildings-For-Sale/. Also, for an additional resource to find out more about multifamily real-estate in Jersey City, go to http://www.biggerpockets.com/

Apartment Loan Store is proud to serve the entire Greater Jersey City area:

• Hoboken
• New York
• Weehawken
• Harrison
• Secaucus
• Kearny
• Bayonne
• Union City
• Newark
• North Arlington
• West New York
• Guttenberg
• Belleville
• North Bergen
• Lyndhurst