Zip 07002 (Bayonne, NJ) Housing

The housing market in Bayonne, NJ (07002) has been performing well over the past year. The median value for homes there is $484,500, which is far higher than the nationwide median value of $338,100. There has also been strong appreciation of home values in Bayonne with a 1 year appreciation rate of 10.07%, significantly higher than the US average of 8.27%. This indicates that buying property in this area could be a good investment opportunity.

The median home cost in Bayonne (zip 07002) is $484,500. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Bayonne (zip 07002) is up 13.9%.

Average Age of Homes

- The median age of Bayonne (zip 07002) real estate is 68 years old

The Rental Market in Bayonne (zip 07002)

- Renters make up 57.8% of the Bayonne (zip 07002) population
- 2.7% of houses and apartments in Bayonne (zip 07002), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Bayonne, New Jersey	United States
	29,143.0	139,647,020.0
	67	42
	$484,500	$338,100
	13.9%	16.6%
	43.7%	57.0%
	66.2%	101.1%
	$20.85	$10.98
	$10,001	$2,690
	36.5%	57.4%
	7.2%	11.2%
	56.3%	31.4%
Vacant Housing
	2.7%	1.9%
	0.6%	0.4%
	0.6%	0.7%
	0.6%	0.4%
	1.0%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	3.0%	2.6%
	1.3%	2.4%
	1.5%	2.8%
	0.1%	3.9%
	0.5%	4.5%
	2.0%	11.3%
	3.8%	13.0%
	17.6%	20.1%
	33.9%	13.6%
	19.9%	8.3%
	13.5%	9.7%
	2.3%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	4.6%	13.6%
	4.6%	13.6%
	4.1%	13.6%
	4.5%	13.2%
	11.5%	14.8%
	4.1%	13.6%
	13.1%	10.0%
	10.3%	4.7%
	34.1%	12.2%

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