How much is a home worth in ZIP code 07306?

The typical home in 07306 is worth $545,862, based on the Zillow Home Value Index.

Are home values rising in 07306?

Home values in 07306 are down 0.4% over the past year, and up 2.3% a year over five years.

What is the typical rent in 07306?

A typical home in 07306 rents for about $2,641 a month, a gross rental yield of 5.8%.

What is the property tax rate in 07306?

The effective property tax rate in 07306 is 1.5% — roughly $8,150 a year on a typical home.

ZIP code 07306 has a population of 54,017 and a median household income of $74,953.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07306

Hudson County · New York-Newark-Jersey City, NY-NJ

Typical home value

$545,862^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.4%
5-year / yr: +2.3%
10-year / yr: +6.0%

Relative price

vs U.S.: +92.2%
vs metro: -25.2%
vs state: -4.2%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 07306 is worth $545,862 — 25.2% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have fallen 0.4%. Homes here rent for a typical $2,641 a month — a 5.8% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,641^[2]
Gross yield: 5.8%^[2]
Cap rate: 3.5%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.5%^[3]
Typical annual tax: $8,150^[3]

#Climate risk

FEMA National Risk Index ratings for Hudson County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Very High
Wildfire: Very Low
Drought: Very Low
Heat wave: Relatively High
Hurricane: Relatively Moderate
Tornado: Relatively High
Earthquake: Relatively Moderate
Winter weather: Relatively High

#Who lives here

Population: 54,017^[3]
Median household income: $74,953^[3]

#Migration

Household moves in and out of Hudson County over a year, from IRS tax-return data.

Net migration: -1,142^[5]
Moved in: 29,898
Moved out: 31,040

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 11
Elementary: 7
Middle: 1
High: 3

William L Dickinson High School
High · Grades 9–12 · Jersey City Public Schools
1,856 students
County Prep High School
High · Grades 9–12 · Hudson County Schools of Technology School District
917 students
Mahatma K. Gandhi School
Elementary · Grades PK–8 · Jersey City Public Schools
895 students
Franklin L. Williams School
Middle · Grades 6–8 · Jersey City Public Schools
882 students
Martin Luther King Jr. School
Elementary · Grades PK–8 · Jersey City Public Schools
764 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.8%

Net yield (after ~40% expenses)3.5%

Annual rent$31,688

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,760

Loan principal$436,689

Down payment$109,172

Total interest paid$556,973

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.47

Monthly cost to own$3,893

Monthly rent$2,641

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 12th percentile^[1]
Rental yield: 75th percentile^[2]
Property tax: 35th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07306?: The typical home in 07306 is worth $545,862, based on the Zillow Home Value Index.
Are home values rising in 07306?: Home values in 07306 are down 0.4% over the past year, and up 2.3% a year over five years.
What is the typical rent in 07306?: A typical home in 07306 rents for about $2,641 a month, a gross rental yield of 5.8%.
What is the property tax rate in 07306?: The effective property tax rate in 07306 is 1.5% — roughly $8,150 a year on a typical home.
Who lives in 07306?: ZIP code 07306 has a population of 54,017 and a median household income of $74,953.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

10552 vs 07306 →
Mount Vernon, NY
Typical home
$546,462
Gross yield
6.6%
10974 vs 07306 →
Sloatsburg, NY
Typical home
$545,219
Gross yield
—
08869
Raritan, NJ
Typical home
$546,686
Gross yield
5.5%
11727
Coram CDP, NY
Typical home
$546,824
Gross yield
6.8%
07304
Jersey City, NJ
Typical home
$547,009
Gross yield
5.2%
10473
New York, NY
Typical home
$547,088
Gross yield
7.8%

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Pit ZIP 07306 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NJ07306

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