Hudson County, New Jersey Housing Market Prices
Hudson County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 22% above the New Jersey median Among the 5 most expensive counties in New Jersey$432,092
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Median rent 10% above the New Jersey median Among the 5 most expensive counties in New Jersey$1,892
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hudson County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $432,092 | $352,792 | $248,835 |
| Price Trend (Annual %) | 4.8% | 4.4% | 7.5% |
| Median Gross Rent | $1,892 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hudson County is about 22% higher than in New Jersey. Rent is about 10% higher than the New Jersey average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Hudson County, up about 4.8% and 5.4% a year respectively. Rent is changing faster.
Median rent in Hudson County rose about 56.0% between 2015 and 2024, from $1,212 to $1,892. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Hudson County.
Buying the median-priced home in Hudson County costs roughly 19.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Hudson County. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Hudson County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $432,092 | $352,792 | $248,835 |
| Median Household Income | $92,989 | $103,817 | $80,455 |
| Price-to-Income Ratio | 4.6 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hudson County rose about 24.0%, while median household income rose about 66.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Hudson County | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 28.7% | 59.1% | 58.5% |
| Rental Rate | 64.7% | 33.5% | 31.2% |
| Vacancy Rate | 6.6% | 7.5% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Hudson County has a homeownership rate of 28.7%, lower than the New Jersey average of 59.1%. Its housing vacancy rate is 6.6%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Hudson County | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1964 | 1968 | 1978 |
| Median Number of Rooms | 3.9 | 5.7 | 5.5 |
The typical housing unit in Hudson County was built around 1964. On average, 2.4 people live in a home with about 3.9 rooms, staying for about 14.0 years on average.
Hudson County, NJ Housing Compared With Nearby Counties
Hudson County, NJ is the 5th largest of the 6 counties compared here, 717,070 residents against a local median of 960,507. Where Hudson County, NJ breaks from the counties next to it is homeownership, sitting 32% below the local median of 44.9% at 30.7%. That is the weaker end of the local range on this measure.
Median home price tells the same story from another angle: $432,092 against a local median of $592,908, 27% below it. The counties themselves spread 42.7% on homeownership, so Hudson County, NJ sits at one end of an already wide local range rather than apart from it. Hudson County, NJ has the 4th highest homeownership of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hudson County, NJ | 717,070 | $432,092 #5/6 | $1,892 #3/6 | 30.7% #4/6 |
| New York County, NY | 1,628,057 | $1,358,349 | $2,197 | 25.1% |
| Kings County, NY | 2,630,245 | $977,210 | $1,832 | 29.5% |
| Richmond County, NY | 494,794 | $552,254 | $1,732 | 67.8% |
| Essex County, NJ | 861,155 | $295,435 | $1,531 | 44.9% |
| Bergen County, NJ | 960,507 | $592,908 | $1,913 | 65.3% |
Frequently Asked Questions
Common questions about the housing market in Hudson County, New Jersey.
What is the median home price in Hudson County, New Jersey?
The median home price in Hudson County, New Jersey is $432,092, higher than the New Jersey average of $352,792.
What is the average home price in Hudson County, New Jersey?
The typical home price in Hudson County, New Jersey, reported as the median sale price, is $432,092. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Hudson County, New Jersey?
The median gross rent in Hudson County, New Jersey is $1,892 per month, higher than the New Jersey average of $1,719.
What was the median gross rent in Hudson County in 2020?
In 2020, the median gross rent in Hudson County, New Jersey was $1,449 per month.
What is the price-to-rent ratio in Hudson County, New Jersey?
The price-to-rent ratio in Hudson County, New Jersey is about 19.0, meaning it would take roughly 19.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Hudson County.
Are home prices or rent rising faster in Hudson County, New Jersey?
Both home prices and rent are rising in Hudson County, up about 4.8% and 5.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Hudson County, New Jersey?
28.7% of households in Hudson County, New Jersey own their home, lower than the New Jersey average of 59.1%.
What is the vacancy rate in Hudson County, New Jersey?
The housing vacancy rate in Hudson County, New Jersey is 6.6%, lower than the New Jersey average of 7.5%.
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