According to statistics, the population in Hoboken, NJ amounts to 54,117, which shows growth 2% compared to the previous year. The median age of the city’s residents is 32. The average household income is $127,523, shifting growth 8% from the past year, and the average property value in Hoboken, NJ growth 5% to $652,200 throughout the year.
Population | 54,117 |
Median Age | 31.8 |
Poverty Rate | 10% |
Household Income | $127,523 |
Number Of Employees | 35,936 |
Median Property Value | $652,200 |
The average household income in Hoboken, NJ grew from $118,479 to $127,523 in the past year. This data is an estimate based upon 24,812 households in Hoboken, NJ . The chart below presents how household income is distributed in Hoboken, NJ in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Hoboken, NJ shifted from $621,300 to $652,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Hoboken, NJ in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Hoboken, NJ properties falls in the '$500,000 to $749,999' 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 Hoboken, NJ compared to median property taxes around the country. The prevalent amount of property taxes in Hoboken, NJ equals $3000, which is less than the national average.
Apartment Size |
May | vs Last Month |
---|---|---|
Studio apartments | $420,000 | -4.5% |
1-bed apartments | $512,888 | +4.4% |
2-bed apartments | $922,630 | -0.7% |
3-bed apartments | $1,738,750 | -1.4% |
4+ bed apartments | $2,177,800 | -0.5% |
During May 2023, the average price for an apartment in/near Hoboken, NJ increased by 7.4% to $1,076,460.
Knowing the current property prices is key if you plan to buy a studio in Hoboken, NJ. The average price for a studio has decreased since the last month, currently being $420,000. After collecting all data points, we now see that the average price for 1-bed apartment increased by 4.4% to $512,888. Asking price for 2-bed apartment also decreased by 0.7% and a place of this size will now cost you $922,630. A 3-bed apartment goes for $1,738,750, it decreased by 1.4% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 0.5% and made it down to $2,177,800.
Listing Type |
May | vs Last Month |
---|---|---|
Condos for sale | $1,028,052 | +7.1% |
Houses for sale | $1,931,667 | -16% |
Price reports demonstrate that house price decreased by 16% this month making it up to $1,931,667. Condos are really in demand in this season. The median price for a condo increased by 7.1%, it’s now available for $1,028,052. An average value of duplex is $1,500,000, thus a median price for a duplex remains the same this month.