Jersey City is located in Hudson County, New Jersey State, USA and it is the second largest city in New Jersey after Newark. One of the greatest advantages of this city is its proximity to the island of Manhattan since a number of major corporations’ headquarters are housed here. The population of this city is a homogenous mix of Asians, non-Hispanic blacks and non-Hispanic whites. Other nationalities living in this city in high concentration are Indians, Jews, Filipinos, Polish, Irish, and Cubans among others.

The economy of Jersey City is mainly based on manufacturing and port related commercial enterprises since it is an important port with 11 kilometers of waterfront. Jersey City is also an important distribution center and transportation station.

Jersey City Real Estate

The housing and real estate business has never been better. The fact that the housing prices in Manhattan are much higher than in Jersey City makes the real estate market very attractive in the latter city. There is a difference of about 40% between the costs of the homes is Manhattan and Jersey City, i.e. US $1000 and $600 respectively.

More and more people choose to stay in Jersey City and work or do business in Manhattan. Downtown Jersey City is in for some major economic investments by Donald Trump which would further improve the odds of the real market in this city.

How to Rent or Buy

The average cost of a house in Jersey City is between US $500 – 600 per square foot for a regular which is pretty affordable. The rent varies from US $500 for a studio to US $3,500 for a five-bedroom house.

It is better to buy a house rather than rent since the real estate prices are rising steadily and this would mean that this is a good investment. In the past two to three years prices have almost doubled, which is an excellent deal from any angle.

Search Jersey City Real Estate

Keywords: Jersey City apartments for Rent, Jersey City Real Estate for Sale, Jersey City Homes