Jersey City is a stones throw away from Manhattan; the Hudson river and a 5 minute train ride are all that separates them. Jersey City has historically been a very poor and crime-ridden city, but that is all starting to change as Manhattan wealth and influence starts to creep further west. Jersey City tends to fly under the radar of most small time investors, but the big institutional funds have taken notice of the yields and the massive long term potential stemming from it’s proximity to Manhattan.
Statistics for Single Family Homes and Condos in Jersey City, NJ
Employment by Sector and TrendsNote: Recessions shown in grey