Jersey City’s current Zillow ZHVI typical home value is $665,140.42, while Zillow ZORI typical observed market rent is $3,182.21 monthly. That produces a 5.74% gross yield, calculated as annual ZORI divided by ZHVI and before every operating cost. ZHVI is down 1.26% year over year, while ZORI is up 2.91%. The home-value-to-ACS-income ratio is 6.81x, and annual ZORI equals 39.08% of ACS median household income, indicating a demanding affordability frame rather than property-level cash flow.
The city has 135,231 housing units; 72.08% of occupied units are renter-occupied, and the citywide housing-stock vacancy rate is 7.40%. ACS reports an owner-reported median home value of $566,900, median gross rent of $2,007 including selected utilities, and a median year built of 1971. These surveyed occupied-housing measures differ in definition and period from Zillow’s typical value and observed market rent, so they should not be averaged or treated as direct comparables.
Direct city depth shows 44.41% of renters meet the ACS rent-burden threshold. Single-family homes account for 14.41% of all units, versus 38.39% in large multifamily buildings. Among vacant units, 48.69% are listed for rent; this reason share is not available investment inventory. Population was 12.27% higher across overlapping ACS vintages, which is not an annual rate and may reflect boundary changes. Median household income is $97,710, while poverty is 15.63% and unemployment is 5.54%. These citywide descriptors do not establish achievable rent, tenant quality or leasing speed for a specific property.
Hudson County’s property-tax rate context is 1.77%, a material underwriting input that still requires a parcel-specific bill. Hudson County listings show a median 42 days on market and a 9.59% price-reduced share; these county sale-market measures do not describe Jersey City alone or rental absorption. The national Freddie Mac 30-year mortgage rate is 6.58%, providing national financing context rather than a quote for any borrower.
Underwriting is limited by citywide typicals, survey margins and periods, and Hudson County and national measures with different geographies and denominators. The gross yield excludes property taxes, insurance, association charges, owner-paid utilities, repairs, capital work, management, vacancy and financing. Before deciding, verify the target’s purchase price, legal use and unit count, current leases, achievable market rent, concessions, tenant payment history and physical condition; obtain the parcel tax record, association documents, insurance and hazard quotes, utility bills, inspection findings and financing terms, then build a property-specific net operating statement and downside case.