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Jersey City has the lowest homeownership rate in any metropolitan area. This explains why the percentage of employment in construction is quite low. 2000 census provides that Jersey City population is 242,389, out of which there is an estimated 240,618 housing units throughout the area. As of 2000, the median year structure built was 1948, while total housing units are around 247,446. The vacancy rate in this city is only at 4.2 percent while the home ownership rate is at a high of 30.6 percent. The median value for specific owner-occupied housing units is at $150,300 while the median gross rent of specific renter-occupied units bats at $703. The median for housing units is lower as it was priced at $242,600 in 2005. Jersey City is a highly urbanized area, sharing this trait to its nearby neighbor Manhattan. A large number of New York employees live in Jersey City, making it an ideal residential spot for prospective residents.
Jersey City is a city located in the Hudson County of New Jersey. Also known as the “city with everything for industry,” Jersey City lures million-dollar investments for typically any type of industry available in the market. The Hudson River, Jersey City’s waterfront, is known as the Gold Coast, has been the core of major development projects costing millions of dollars. These investments are borne by bug-time investors from Manhattan and other parts of the world. Jersey City is the second largest city in the state, next to Newark. The city lies in the west side of the Hudson River which is across the Lower Manhattan area of New York City. Jersey City is known as a commercial and industrial area. The city is an entry port to the United States and a hub for manufacturing businesses. The City is said to have benefited from its close proximity with Manhattan, because it is made as an extension of business operations in New York.
Most people stay with the same homeowners insurance company their entire life. You could be paying too much unless your insurance company has customer loyalty discounts. To save money, you should shop your rates around periodically. We can help. If you live in Jersey City, New Jersey and would like to compare your homeowners insurance rates, enter your zip code above and click the go button. We will help you find cheap homeowners insurance rates. Best of all - it's free!
