If you’re considering moving to Jersey City, you should find a new home within your price range. Speaking of housing prices, they can go surprisingly high. While your Jersey city movers can recommend areas suitable for your budget, it doesn’t hurt to know just how costly the houses in this city can be. Some of the price tags behind the most expensive houses in Jersey City can make your head spinning.
Welcome to the city of one-percenters
Before you have enlisted the Jersey city movers by the reputable company, you have probably done your research and find out a little bit about the town you will call a new home.
Jersey City is a place where your neighbors will be lawyers, and doctors, and business executives. While the median home value is $319,800, the median income is $59,537, which should give you a pretty good idea of its affordability.
Spoiler alert – the living costs are above the national average.
Jersey City is nurturing its reputation as an alternative to New York City, with great effect. Its proximity to this metropolis is one of its biggest benefits and the main selling pitch.
Due to its development, this city has some very luxurious neighborhoods to offer. They are the home of the most expensive houses in Jersey City.
Still, compared to New York, this town is a much more affordable place to live in.
The richest neighborhoods and expensive houses in Jersey City
While it is hard to beat the Big Apple’s ridiculously high living costs, Jersey City has several very wealthy neighborhoods. The ones where the house prices go for over 2.02x the national median and household incomes are 2.7x the national median.
The most expensive houses in Jersey City you will find in the following areas:
- Liberty Park
- The Waterfront
- Hackensack Riverfront
- The Heights
- West Side
- Lincoln Park
- Journal Square
- McGinley Square
Summing up the median income of those 10 neighborhoods adds up astonishing $764,210.
Welcome to the most exclusive part of Jersey City. With a high income per capita, low crime rates, a very stable and secure housing market, and a lot of amenities it is one of the most desirable places to live in this city.
One of its best features is its location – it is right by the famous Liberty State Park. As the hot spot for all major events and outdoor activities, this park is one of the most popular amenities in the whole NJ.
Liberty Park also neighborhood also can boost with a good school system with high graduation rates, highest JC household income at 156%, and high safety making it a very safe place to raise a family. Of course, for the one that can afford its high living costs.
On the other hand, if expensive houses in Jersey City are what you’re looking for, this is the best place to find luxurious homes.
Expensive houses in Jersey City by the river? You will find them in The Waterfront
As the name reveals, this area provides the opportunity to wake up with the view on the river. It is the top waterfront area in the entire state of New Jersey. Modern and hip, this neighborhood has tons of shops, restaurants, parks, fitness centers, recreational areas, grocery stores, and entertainment options. Here you will find everything you could ever need within a short distance.
Stunning location, with many condos and apartments overviewing the water and the NYC skyline. Also very safe since crime rates are lower than any other place in JC. The employment rate and income level are quite high as well, but so are the living costs.
The housing market is 10% higher than the rest of JC, with many expensive houses available on the market and some of the best local movers to help you move in the home of your dreams.
As the center of the city, Downtown is a bustling hub of urban living. There are a ton of places to eat, drink, shop, and walk around, making every day a fun one. Considering that it is the very heart of Jersey City, the crime rate is rather low but still higher than in some other areas.
It is a luxury to live in this part of town due to its very high costs of living. Potential homeowners will soon find out that it features some of the most expensive houses in Jersey City.
Also, if you’re moving to Jersey City with kids, this area shouldn’t be on your list, regardless of the size of your incomes. Its biggest downfall is low education rating (D). That doesn’t make it very suitable for families with kids.
Very urban area, but with more privacy and coziness comparing to the busy JC downtown. The quieter neighborhood, but with proximity to great amenities. While its housing is 8% lower than the rest of the city, it has its share of expensive homes.
Hackensack Riverfront has a solid education and school rates, but higher crime rate. However, due to constant development, it’s becoming safer by the day. It is a more affordable area for living than in the previous neighborhoods. For the ones who are looking for a quiet, yet urban neighborhood feels this can be the perfect place to move to. Especially for ones who look to rent an apartment in Jersey City, since it has a lot of available options.
Two-family Brownstone – the priciest of the most expensive houses in Jersey City
While the statistics show that previous neighborhoods have the most expensive houses in Jersey City, the most costly property lays in the historic part of Downtown, in 343 York St.
A two-family Brownstone home features two duplexes with garage parking and perfect location right next to the Van Vorst Park.
Its price? Astonishing $2,499,000!
The home attributes you’re getting for that money:
- Two- family home (very rare on the market)
- 4 bedrooms and 2.5 baths with imported tile
- 1,255 sqft lot
- High ceilings
- Renovated kitchen with top of the line appliances
- Wide plank Brazilian hardwood floors throughout
- Central air conditioning
- Floor to ceiling Marvin windows.
- Built-in speakers with Sonos sound system
- Garage parking large enough to fit an SUV
- Private, landscaped backyard with grill and lighting
The most expensive house in Jersey City can easily be converted into a single-family home, it is very close to New York City parks, restaurants, and also all the entertainment options that downtown of JC has to offer.