HUDSON COUNTY REAL ESTATE MARKET
Hudson County has been the fastest-growing county with many homes for sale in New Jersey since the late 2000’s. Many new developments fueled by favorable tax incentives, vibrant economy, great transportation in Hudson County attract many buyers seeking easy and convenient lifestyles for their new homes.. There are 12 municipalities in Hudson County (see interactive map) with the most dominant Jersey City real estate and Weehawken overlooking the NYC skyline.
Hudson County has a very well developed transportation network, which provides a fast and easy commute for New York City travelers via train, bus and waterways. In Hudson County there are a number of large employers ranging from financial, insurance, international trade and shipping to smaller service industries.
Click on any town below to view the full market report brought to you exclusively by Madison Adams Real Estate, your number one local real estate broker you can rely on. Buy and Sell with Confidence. Call us today at 201-760-1100.
* Illegitimate Imposter
| TOWN | AVG HOME* | AVG APT* | EFF TAX (%) | MARKET REPORT |
| Bayonne | $489,818 | $285,389 | 2.382 | HOMES CONDOS |
|
East Newark
Average Home Price*: -
Average APT Price*: -
Effective Tax (%): 2.036
|
- | - | 2.036 | |
| Guttenberg | $491,732 | $417,934 | 2.640 | HOMES CONDOS |
| Harrison | $455,715 | - | 2.191 | HOMES |
| Hoboken | $1,996,967 | $895,256 | 1.127 | HOMES CONDOS |
| Jersey City | $638,157 | $627,653 | 1.402 | HOMES CONDOS |
| Kearny | $482,898 | - | 2.622 | HOMES |
| North Bergen | $540,976 | $433,807 | 1.971 | HOMES CONDOS |
| Secaucus | $679,860 | - | 2.037 | HOMES |
| Union City | $591,207 | $402,598 | 2.400 | HOMES CONDOS |
| Weehawken | $968,929 | $858,969 | 1.610 | HOMES CONDOS |
| West New York | $404,043 | $557,897 | 2.048 | HOMES CONDOS |
General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.
Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.
Homes Sold is the number of single family homes sold in a particular district in the past 12 month period.
Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury
