Median rent for residential apartments in as of May, 2021.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
615 Hoboken, NJ, USA apartments for rent
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Hoboken
Hoboken, NJ has a population of 54,117, while the median age is 32. The household income in Hoboken, NJ is around $127,523. The homeownership rate among the residents is 33%. The median residential property value in Hoboken, NJ that you should keep in mind is $652,200.
| Population | 54,117 |
| Median Age | 31.8 |
| Poverty Rate | 10% |
| Household Income | $127,523 |
| Number Of Employees | 35,936 |
| Median Property Value | $652,200 |
Business & Economy
Wage by Common Jobs
Average salary in Hoboken, NJ: $62,795
- 1. Miscellaneous managers$121,116
- 2. Accountants & auditors$101,750
- 3. Registered nurses$81,221
- 4. Elementary & middle school teachers$63,782
- 5. Firstline supervisors of retail sales workers$62,347
Highest Paid Occupations
Numbers claim that the highest paid jobs in Hoboken, NJ are Management Occupations, Legal Occupations, Management, Business, Financial Occupations, Life, Physical, Social Science Occupations and Business & Financial Operations Occupations.
Highest Paid Industries
Keeping in mind that the employment rate changed by 2% recently, there must be a strong understanding of industries people of Hoboken, NJ work in. The highest paid industries are Finance & Insurance, Finance & Insurance, Real Estate & Rental & Leasing, Utilities, Manufacturing and Professional, Scientific, Technical Services.
Demographics
Race & Ethnicity
According to latest census, Hoboken, NJ is a home for 83% white residents. The second common group is asian with 9% residents. The list of the most common racial or ethnic groups is closed by other with 3% residents.
Non-English Speakers
Education
Past year Hoboken, NJ universities awarded around 1,304,400 degrees. Statistics show that the population of students in Hoboken, NJ includes 652,200 female students and 652,200 male students. Hoboken, NJ offers private and public tuition with a median cost of $48,784 for private four-year colleges and $n/a for in-state public four-year colleges. The largest university of this city is the Stevens Institute of Technology with the majority of graduates. The share of the public colleges in Hoboken, NJ is 67 and 100 go to the private colleges.
Universities
- 1. Stevens Institute of Technology2,729 graduates
Public vs Private
- Public100%
- Private66.7%
Health and Safety
Primary care physicians in Hoboken, NJ see an average of 1,923 patients, dentists 1,650 patients, metal health providers 1,889 patients, and other healthcare providers 4,581 patients per year.
Transportation
Commute Time
Average travel time: 37.71 minutes
- USA
- Hoboken, NJ
Commuter Transportation
Citizens of Hoboken, NJ travel to their offices around 38 minutes lately and used public transit to get there. The rest of the residents drove alone and walked.
- USA
- Hoboken, NJ
Housing Trends
Hoboken, NJ, USA Housing Trends
Average rent in Hoboken: $2,365 (-1.8%)
| Rent Price | May | vs Last Month |
|---|---|---|
| 1 bed apartments | $2,067 | +7.9% |
| 2 bed apartments | $2,803 | +9.9% |
| 3 bed apartments | $2,633 | -26.8% |
| 4+ bed apartments | $1,950 | -18.1% |
Over the May 2021, the average rent for an apartment in/near Hoboken, NJ decreased by 1.8% to $2,365.
Breaking it down in details, we now see that the average price for 1-bed apartment stands at $2,067 with no changes this month. Pricing for 2-bed apartment remains the same, a place of this size will still cost you $2,803. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for $2,633. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $1,950 for a big-family home.
| Rent Type Price | May | vs Last Month |
|---|---|---|
| Apartment rentals | $2,381 | +0.1% |
| Loft rentals | $2,500 | -2.4% |
| Room rentals | $1,260 | N/A |
| Condo rentals | $3,150 | +8.3% |
| Townhouse rentals | $1,658 | N/A |
| Duplex rentals | $2,150 | N/A |
Looking at the median rent price for an apartment in Hoboken, NJ, you can note that it remains flat with a price tag of $2,381. Condo for rent is now available for the same pricing as previously — $3,150. An average duplex is now available for $2,150, cause median rent for a duplex remains the same this month. The median rent for a loft did not face significant changes this time, it now still goes for $2,500. If you’re looking for a room, the price tag still starts at $1,260. The median price did not change this time. Townhouse rent pricing didn’t change, the price still starts at $1,658.
Rent vs Own
- Rent33%
- Own67%
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