TOWN SPOTLIGHT
Jersey City
Highlighting the Waterfront Neighborhood BY ERIN McFEETERS
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ersey City boasts beautiful Manhattan skyline views, diverse neighborhoods, top-notch eats, and is a financial technology powerhouse. The city, dedicated to affordable housing, diversity and inclusion, and sustainability, is a great spot for both first-time buyers and families in need of more space. The U.S. Census reports that a little more than 40 percent of Jersey City residents are foreign-born. “It’s very much diverse and very inclusive,” said Adam Weber, an employee at the Lokal Eatery & Bar, a restaurant sitting right on the Hudson River with picturesque panoramic Manhattan skyline views. Weber described the Lokal’s menu as comfort food favorites that bend the rules. It features French onion soup, fried ricotta gnocchi, and mac and cheese. 20 | NEW JERSEY REALTOR® | January/February 2022
Jersey City has a small-town neighborhood feel but unmatched access to everything you need. You might think with more than 240,000 residents, you would feel lost in the crowd, but walking along brownstonelined streets and ivy-covered trees, there is a distinctly neighborhood feel. But, the brownstones come with a cost. According to the November housing data from New Jersey Realtors®, the median sales price for townhouses and condos in Jersey City is $576,000, a 2 percent increase year to date. The single family market in Jersey City experienced quite a bit of growth in the past year with the median sales price at $491,250, an 12.9 percent increase year-to-date. The substantial growth of Jersey City’s single family market aligns with much
of Hudson County, which has grown more than the industry anticipated with an influx of residents packing their bags to leave Manhattan. According to Choose NJ, a nonprofit organization whose goal is to bring more businesses into New Jersey, Jersey City has become the fin-tech capital of the
