Market Summary

Central Business District, Essex County, NJ

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Median Home Price Price

$375,061 $375.1K

Median Monthly Rent Rent

$1,736 $1.7K

GRM

18.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Essex County

No similar markets found for this scope.

Home prices

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Monthly rent

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GRM

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Similar markets within NJ outside of Essex County

Region Price Rent GRM Display
$146,957 $1,437 9.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of NJ

Region Price Rent GRM Display
$229,040 $1,381 14.0x
$99,595 $1,406 6.0x
$217,997 $1,238 15.0x
$218,782 $1,766 10.0x
$132,817 $1,480 7.0x
$522,180 $2,142 20.0x
$98,772 $1,144 7.0x
$433,479 $2,112 17.0x
$480,453 $1,490 27.0x
$203,079 $1,209 14.0x
$200,320 $1,664 10.0x
$110,807 $1,236 7.0x
$135,286 $1,277 9.0x
$329,709 $1,490 18.0x
$387,132 $1,472 22.0x
$221,470 $1,653 11.0x
$147,703 $1,612 8.0x
$327,698 $1,635 17.0x
$105,508 $1,384 6.0x
$424,594 $1,368 26.0x
$253,233 $1,274 17.0x
$271,128 $1,292 17.0x

Home prices

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Monthly rent

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GRM

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Central Business District

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Trend Insights

Median Rent in Central Business District, NJ is $1,736, with MoM change -$16 and YoY change +$30 showing mixed momentum while volatility is low (std $14).

Benchmark Markets Side by Side

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Metric
Base market Central Business District, NJ
Compare market Select a market
Delta vs base
Median rent
$1,736
N/A
Median price
$375,061
N/A
YoY change
+$30
N/A
Price-to-rent
18.0x
Data unavailable
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