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Hudson County, NJ

Jersey City

RANK #855 / 996 NAT  ·  #20 / 21 NJ  ·  POP 712,029

1YR FORECAST: +0.1%

5YR OUTLOOK: +14%

Our model projects Hudson County's housing market at +0.1% over the next year, underperforming most U.S. counties.

[01] Why Hudson County?

Hoboken, a notable town in Hudson County, offers striking views of the Manhattan skyline and is recognized as the birthplace of Frank Sinatra and the location of the first recorded baseball game. Hudson County, New Jersey's smallest and most densely populated county, sits directly across the Hudson River from New York City, making it a "Gateway to America." Commuting to Manhattan is convenient via PATH trains, NJ Transit buses, and ferry services, with some routes taking as little as 10-15 minutes. The county also features extensive outdoor recreation, including kayaking on the Hudson River, numerous parks like Liberty State Park, and the Skyway Golf Course in Jersey City.

Life in Hudson County is characterized by its diverse communities and urban environment. Many residents are young professionals and families who appreciate the easy commute to New York City for work and entertainment. The economy is driven by sectors such as financial services, technology, and healthcare, with Jersey City often referred to as "Wall Street West." Educational institutions like Hudson County Community College also contribute to the local economy through workforce development and vocational training. While the area offers a wide array of amenities and opportunities, housing affordability can be a challenge.

[02] Market Snapshot

Housing Ratio
6.7x

Above national median (4.7x)

GDP Growth
+1.0%

Well below national median

Home Prices
+0.2%

Well below national median

Climate & Terrain
0.5

Moderate climate & terrain

Price/Rent
14x

Above national median (13x)

Housing is fairly valued at 6.7x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Goya Foods, Inc. Manufacturing
    2,500+
  2. 2
    United States Postal Service (USPS) Logistics
    1,000+
  3. 3
    Xerox HR Solutions LLC Other
  4. 4
    Hanover Direct, Inc. Retail
  5. 5
    Hartz Mountain Industries Inc. Other
  6. 6
    RWJBarnabas Health (Jersey City Medical Center) Healthcare
  7. 7
    UBS Financial Services Finance
  8. 8
    Goldman Sachs Finance
  9. 9
    JPMorgan Chase & Co. Finance
  10. 10
    John Wiley & Sons Inc. Other

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Hudson County U.S. National

The Numbers

DEMOGRAPHICS
Population
712,029
-0.17% YoY
Median Household Income
$86,854
Median Home Value
$486,900
+0.2% 12mo
Median Rent
$1,722
Average Annual Pay
$94,901
+3.0% YoY
Employment
273,729
+0.3% YoY
Income-to-Home-Value
0.1784
Less affordable than average
Migration Inflow
1.95%
of pop. from another state
Bachelor's Degree+
46.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$702,500
Days on Market
65
Slower market
Months of Supply
4.4
Balanced market
Sale-to-List Ratio
99.1%
Near asking price
Sold Above List
28.9%
Listings w/ Price Drops
10.8%
Building Permits (2024)
5,136
Single-Family Permits
917

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.7
per 100K · nat avg 6.3
Firearm Fatalities
3.3
per 100K · nat avg 14.8
Injury Deaths
48.7
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
44.0
Good
Good Air Days
61%
666 of 1,095 days
Unhealthy+ Days (3yr)
10
Includes 1 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
44
2022
44
2023
44
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$17,605M
TOTAL
PROJECT AMOUNT STATUS
Newark Bay Hudson County Extension (NJ Turnpike Authority)
NJ Turnpike Authority
$10,700M Under Construction
Hudson Tunnel Project (Gateway Program)
Gateway Development Commission / PANYNJ
$3,800M Under Construction
Pulaski Skyway Rehabilitation (Route 1&9)
NJDOT / PANYNJ
$1,900M Under Construction
Route 7 Wittpenn Bridge Replacement
NJDOT / PANYNJ
$575M Under Construction
PATH Forward Program (Station Improvements, Track Work, Car Overhaul)
Port Authority of New York and New Jersey (PANYNJ)
$430M Under Construction
Hudson Energy Storage Facility
Undisclosed
$200M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +1.0% 18 percentile
Population Growth -0.2% 22 percentile
Income Growth +8.8% 60 percentile
Vacancy Rate 1.8% 13 percentile
Home Price Change +0.2% 33 percentile
Rent Growth +2.8% 45 percentile
Price/Rent 14x 47 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Hudson County, NJ a good place to move to?

The data is not encouraging — Hudson County scores just 13/100 on the Boom Town Index, ranking #855 of 996 counties. Job growth at +0.3% and median household income of $86,854 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Hudson County affordable?

Hudson County leans toward the expensive side. A median home value of $486,900 against an income-to-home-value ratio of 0.18 means housing eats a bigger share of local earnings than the national norm. Renters face $1,722/month on average.

Is Hudson County growing or shrinking?

Population and employment in Hudson County are both close to flat — population -0.2% YoY and jobs +0.3%. Home values shifted +0.2% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are many people relocating to Hudson County?

Not particularly — 1.95% of Hudson County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Similar Counties by Size & Score

Sussex County, NJ 18 Hunterdon County, NJ 7 Morris County, NJ 22 Somerset County, NJ 28 Mercer County, NJ 30 Burlington County, NJ 35 San Francisco County, CA 13 Anne Arundel County, MD 12