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According to statistics, the population in Bayonne, NJ amounts to 66,719, which shows growth 1% compared to the previous year. The median age of the city’s residents is 39. The average household income is $56,701, shifting growth 3% from the past year, and the average property value in Bayonne, NJ decline 1% to $314,800 throughout the year.
|Number Of Employees||31,158|
|Median Property Value||$314,800|
The average household income in Bayonne, NJ grew from $54,862 to $56,701 in the past year. This data is an estimate based upon 25,213 households in Bayonne, NJ . The chart below presents how household income is distributed in Bayonne, NJ in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Bayonne, NJ shifted from $312,900 to $314,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Bayonne, NJ in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Bayonne, NJ properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Bayonne, NJ compared to median property taxes around the country. The prevalent amount of property taxes in Bayonne, NJ equals $3000, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|1 bed apartments||$168,450||N/A|
|2 bed apartments||$329,000||N/A|
|3 bed apartments||$442,666||N/A|
|4+ bed apartments||$632,333||-0.9%|
During Jul 2021, the average price for an apartment in/near Bayonne, NJ increased by 28.5% to $632,333.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $168,450 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $329,000. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $442,666. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $632,333 for a big-family home.
|Listing Type||Jul||vs Last Month|
|Apartments for sale||$459,000||-13.2%|
|Lofts for sale||$819,000||N/A|
|Duplexes for sale||$719,000||+22.8%|
|Condos for sale||$206,560||N/A|
While assessing the property pricing Bayonne, NJ, you can note that it remains flat with a price tag of $459,000. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $206,560. An average value of duplex is $719,000, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $819,000.
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