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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Hoboken, NJ Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hoboken, NJ Housing Market Trends

With a population of 57,703, 27,879 total housing units (homes and apartments), and a median house value of $1,232,732, Hoboken house prices are not only among the most expensive in New Jersey, Hoboken real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Hoboken, accounting for 79.56% of the city's housing units. Other types of housing that are prevalent in Hoboken include duplexes, homes converted to apartments or other small apartment buildings ( 16.19%), row houses and other attached homes ( 2.70%), and a few single-family detached homes ( 1.53%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

Hoboken is dominated by renter-occupied one, two, or no bedrooms apartments. 66.65% of Hoboken's dwellings are rentals.

The housing in Hoboken was primarily built before 1939 ( 35.23%), making the housing stock in Hoboken some of the oldest overall in America, although there is a range of ages of homes in Hoboken. The next most important housing age is between 2000 and later ( 28.73%), followed by between 1970-1999 ( 21.69%). There's also some housing in Hoboken built between 1940-1969 ( 14.35%).

Hoboken Home Appreciation Rates

Real estate appreciation rates in Hoboken's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.53% during the period.

Appreciation rates are so strong in Hoboken that despite a nationwide downturn in the housing market, Hoboken real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hoboken appreciation rates continue to be some of the highest in America, at 9.26%, which is higher than appreciation rates in 82.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hoboken. Hoboken appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.

Relative to New Jersey, our data show that Hoboken's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hoboken differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hoboken - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hoboken real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$1,232,732

Hoboken, NJ Home Prices
> $1,374,000
$1,031,001 - $1,374,000
$687,001 - $1,031,000
$550,001 - $687,000
$412,001 - $550,000
$275,001 - $412,000
$137,001 - $275,000
$69,001 - $137,000
$0 - $69,000
30.7%
30.7%
30.6%
30.6%
23.4%
23.4%
10.2%
10.2%
2.2%
2.2%
1.5%
1.5%
0.8%
0.8%
0.3%
0.3%
0.3%
0.3%
0% 100.0%
% of Homes
Very High

for New jersey

Very High

for nation

Number of Homes And Apartments:

27,879

Hoboken Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,950 / per month

Homeownership Rate

Owners
Renters
33.3%
33.3%
66.7%
66.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.7%
7.7%
92.3%
92.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
28.7%
28.7%
21.7%
21.7%
14.3%
14.3%
35.2%
35.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
1.5%
1.5%
2.7%
2.7%
16.2%
16.2%
79.6%
79.6%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.7%
4.7%
35.3%
35.3%
44.0%
44.0%
12.3%
12.3%
2.8%
2.8%
0.9%
0.9%
0% 100.0%
% of Homes