07030, Hoboken, NJ

Hoboken, NJ is located in the 7030 zip code. According to the 2010 U.S. Census, the population of Hoboken was 27,202. The median household income in Hoboken was $55,909 and the median family income was $64,828. The percentage of households earning over $100,000 was 17%.

The average home price in Hoboken was $269,500 in January of 2016. This is up from an average home price of $225,000 in January of 2010. The increase can be attributed to a number of factors including an increase in demand for housing due to an influx of young professionals and families into Hoboken as well as limited supply due to zoning restrictions that have kept new development out of the city limits for many years.

According to Zillow’s Home Value Index (HVI), which measures home values relative to rent prices across all cities and counties throughout the United States, Hoboken ranks #2 out of 522 zip codes with a HVI score above 100 (the national average is 100). This indicates that homes in this zip code are worth more than what it costs tenants to live there.

Despite being one of the most expensive zip codes in America for homes, there has been a significant amount of gentrification taking place within Hoboken over recent years. This has led to an increase in both home prices and rents within the city limits. While some longtime residents may feel displaced by this trend, others have seen their incomes rise as a result and are now able to afford homes that were previously out of their reach.

Overall, while there are some challenges facing homeownership within Hoboken – such as high prices – overall it appears that homeownership rates are on the rise here and this could be good news for future generations looking to purchase property within this city limits