New Jersey is the forty-seventh largest state by area, with a population of 8,882,190 (U.S. Census Bureau, July 1, 2019). Throughout history, there have been important milestones that helped shape New Jersey. Once a Dutch and English colony, New Jersey was one of the thirteen colonies that revolted against the British during the Revolutionary War. Considered to be the "Crossroads of the Revolution," New Jersey provided a key strategic position between New York and Philadelphia, which George Washington used to cross the Delaware River. New Jersey was the third state to ratify the U. S. Constitution.
Today, New Jersey's economy has a GDP of $634 billion (Bureau of Economic Analysis, July 1, 2018), which is driven by these top industries: biopharmaceuticals, transportation, manufacturing, health care, and technology. Many of the leading Fortune 500 companies have their headquarters in New Jersey, including Johnson & Johnson, Prudential Financial, Merck, and Honeywell International, to name a few.
The most recognized cities in New Jersey are Jersey City, Newark, and Trenton.
Jersey City can be found in northeastern New Jersey and has a population of 265,932. Jersey City is home to the Liberty State Park, Liberty Science Center, Empty Sky Memorial, and Staten Island Ferry. Over the last ten years, Jersey City's housing market has appreciated by 60.61%. When compared to the rest of the nation, Jersey City's housing prices are substantially higher, with the median home price of $344,200 and a median rent of $1,271.
Newark is located in northeastern New Jersey, about 9 miles west of Jersey City, and has a population of 282,803. Newark is home to the Turtle Back Zoo, Thomas Edison National Historical Park, and Branch Brook Park. Over the last ten years, Newark's housing market has appreciated by 0.90% annually. When compared to the rest of the country, Newark's housing prices are slightly more, with the median home price of $222,800 and a median rent of $1,014.
Trenton is the capital city of New Jersey and has a population of 84,867. Trenton is home to the New Jersey State Museum, Grounds For Sculpture, and New Jersey State House. Over the last ten years, Trenton's housing market has depreciated by 18.32%. When compared to the rest of the nation, Trenton's housing prices are more affordable, with the median home price of $95,900 and a median rent of $995.
|Single Family Homes for sale in New Jersey|
|Average List Price||$574,885|
|Average Price Per Square Feet||$260|
|Condos for sale in New Jersey|
|Average List Price||$550,326|
|Average Price Per Square Feet||$423|
|Townhomes for sale in New Jersey|
|Average List Price||$368,985|
|Average Price Per Square Feet||$196|