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Jersey City New Jersey Real Estate Market at a Glance
Located along the west bank of the Hudson River, across from Lower Manhattan New York real estate, Jersey City has made a name for itself as a big manufacturing center as well as home to more than a quarter of the employees in Lower Manhattan. With a population around two hundred and fifty thousand, New Jersey City real estate market is booming with plenty of new waterfront condo developments, luxury penthouses and other affordable home options that are attracting New Yorkers to the west side of the Hudson.
Jersey City and the New York Condo BUZZ Website
Jersey City was added to the New York Condo BUZZ simply because of its close proximity to New York City property market. The New Jersey real estate district at Jersey City features a population of almost 250,000 and recovering nicely from a steep drop off in the mid-1990s. The Jersey City New Jersey real estate market place features ten distinct districts or neighborhoods that include The Heights, Waterfront, Paulus Hook, MinGinley Square, Hackensack Riverfront, Historic Downtown Jersey City, Greenville, West Side, Journal square, Western Slope, Liberty State Park and Bergen/Lafayette districts. Most of these New Jersey City real estate neighborhoods are within close proximity to New York by way of the tunnel or by boat, and make this an affordable alternative for many NYC homebuyers. With a great ethnic mix and diverse cultures, the residents of Jersey City real estate market are very different in terms of class, culture and lifestyle, which makes this property market very unique from the New York boroughs. However, with many developers focused on redeveloping the prime Jersey City New Jersey waterfront district, these affordable New York condo alternatives are striking homebuyers in the right way and attracting young singles, couples and growing families into this burgeoning community. Labeled as an up and coming New York property investment option for Manhattan residents, the new Jersey City condos and luxury condominiums have always been much more affordable and spacious then their counterparts across the Hudson River. With great waterfront Jersey City condo real estate for sale right now in new high-rise and low-rise apartment buildings, it is no wonder that sales volumes are up and property values are rebounding quite nicely in this ‘sixth’ borough of the New York real estate marketplace.
Jersey City real estate market is located just across the Hudson River from central Manhattan New York, and is home to more than a quarter of Manhattan's work force due to its close proximity, more affordable condos and homes and family oriented communities

Jersey City Neighborhoods

The Hot Jersey City Condo Development Districts
Many parts of Jersey City, New Jersey are being redeveloped and revitalized by urban developers and builders right now. With the hopes of attracting a new middle class population from Brooklyn and Manhattan, city council is looking to improve the condo housing stock and to master plan the waterfront Jersey City real estate district that offers incredible lifestyle choices, recreational activities as well as views of the downtown Manhattan skyline. First up is Downtown Jersey City real estate which is home to the majority of apartment buildings and some new luxury condo developments. The redevelopment of both the Exchange Place and Newport waterfront Jersey City property districts have been successful in moving middle class homeowners and property investors into New Jersey and Newport Jersey City is a great mixed use community complete with residential condos, retail, commercial and office space, making it very stable. The redevelopment of Exchange Place Jersey City real estate has also been a great success with homebuyers flocking to snatch up these affordable New Jersey condo properties. There are historic designated areas in downtown Jersey City real estate market (which means that redevelopment is not an option), and these include Hamilton Park, Harsimus Cove and Van Vorst Park which are well known for their beautiful heritage brownstone homes. The second neighborhood in New Jersey City is Journal Square which is home to some older medium density, low rise apartments for sale and rent. Not much has been happening here in terms of revitalization, but there are plans to clean up the area to make it more attractive to property investors and New York homebuyers. The Art Deco buildings are situated in the Bergen/Lafayette neighborhood, while the Jersey Heights real estate market place that overlooks Hoboken is a prime spot for couples and growing families. With spectacular Edwardian and Victorian two/three bedroom homes, The Jersey City Heights real estate district is well known for their middle class residents, upscale residences and parks, making it a very attractive place to buy real estate and to call home. Greenville Jersey City neighborhood is also called ‘The Hill’ ad is primarily commercial, but also includes the prestigious Port Liberte real estate development along the Hudson River waterfront area. Lastly, there is the West Side of New Jersey City property district as well.
Jersey City Accessibility Is Unmatched
Although Jersey City is situated along the west bank of the Hudson River, on the other side of Manhattan, the transportation routes and accessibility to and from this area is spectacular. The Holland Tunnel makes it way from Canal Street Manhattan all the way into downtown Jersey City, making this route a favorite amongst Jersey City homeowners who commute to Manhattan for work every day. There are also tones of freeways and highways that connect you to New Jersey and New York. Another reason why New Jersey City real estate is a great investment potential for New York homebuyers and property investors is the fact that there are a total of three rail lines that service the area including: Hoboken Terminal – New Jersey Transit System, PATH and the Hudson-Bergen Light Rail System. For another way to get to downtown Manhattan or other communities in Jersey City, you can also opt for the BillyBey Ferry or the Liberty Water Taxi. Some of New Jersey’s top public and private schools are located in Jersey City, which is the second largest city in the state after Newark. In addition, there are 3 newspapers published and released in Jersey City that includes the Jersey Journal, Jersey City Reporter and the Hudson Dispatch.
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