Jersey City vs Newark: Housing
| Jersey City | Newark | |
|---|---|---|
| Median Home Value | $566,900 | $373,700 |
| Median Gross Rent | $2,007/mo | $1,392/mo |
| Homeownership Rate | 27.9% | 24.4% |
| Rent as Share of Income | 24.6% | 32.1% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.