Jersey City is beating Brooklyn now.
- Karl Hefele
- Oct 17
- 1 min read
Here's why.
A Behind-the-Scenes Look at Jersey City's Real Estate Boom
Ever wondered what goes into a market shift? Here's a behind-the-scenes look at how Jersey City became the new Brooklyn:
Step 1: Price Gap
The median sale price of a home in Brooklyn is $1 million. Jersey City stays at $671,000. Buyers get 1,824 square feet per million dollars. That's triple what Brooklyn offers.
Step 2: Speed Wins
Getting to downtown Manhattan from Jersey City? Faster than Brooklyn. Faster than Upper East Side too. The commute myth just died.
Step 3: Space Explosion
Floor-to-ceiling windows. Gyms. Outdoor space. A 1,400-square-foot duplex costs half of Manhattan's price. Young professionals are noticing.
Step 4: Tax Trade-Off
New Jersey property taxes may be high. But you skip NYC's municipal income tax. That saves thousands every year. The math works out.
Step 5: Ripple Effect
Jersey City has become the stepping stone. Buyers cash out condo equity. They move to New Jersey suburbs. Five commuter towns now rank in top 100 hottest markets nationwide.
Look beyond traditional boundaries.
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