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Hudson County, NJ

RANK #538 / 996  ·  POP 712,029  ·  NJ

PROJECTED GROWTH: +0.6%

Hudson County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Hudson County?

Hoboken, a notable town in Hudson County, offers striking views of the Manhattan skyline and is recognized as the birthplace of Frank Sinatra and the location of the first recorded baseball game. Hudson County, New Jersey's smallest and most densely populated county, sits directly across the Hudson River from New York City, making it a "Gateway to America." Commuting to Manhattan is convenient via PATH trains, NJ Transit buses, and ferry services, with some routes taking as little as 10-15 minutes. The county also features extensive outdoor recreation, including kayaking on the Hudson River, numerous parks like Liberty State Park, and the Skyway Golf Course in Jersey City.

Life in Hudson County is characterized by its diverse communities and urban environment. Many residents are young professionals and families who appreciate the easy commute to New York City for work and entertainment. The economy is driven by sectors such as financial services, technology, and healthcare, with Jersey City often referred to as "Wall Street West." Educational institutions like Hudson County Community College also contribute to the local economy through workforce development and vocational training. While the area offers a wide array of amenities and opportunities, housing affordability can be a challenge.

[02] Market Snapshot

Housing Ratio
6.7x

Above national median (4.7x)

GDP Growth
+1.0%

Well below national median

Home Prices
+0.2%

Well below national median

Climate & Terrain
0.5

Moderate climate & terrain

Price/Rent
14x

Above national median (13x)

Housing is fairly valued at 6.7x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Hudson County U.S. National

The Numbers

DEMOGRAPHICS
Population
712,029
-0.17% YoY
Median Household Income
$86,854
Median Home Value
$486,900
+0.2% 12mo
Median Rent
$1,722
Average Annual Pay
$94,901
+3.0% YoY
Employment
273,729
+0.3% YoY
Income-to-Home-Value
0.1784
Less affordable than average
Migration Inflow
1.95%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$702,500
Days on Market
65
Slower market
Months of Supply
4.4
Balanced market
Sale-to-List Ratio
99.1%
Near asking price
Sold Above List
28.9%
Listings w/ Price Drops
10.8%
Building Permits (2024)
5,136
Single-Family Permits
917

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$17,605M
TOTAL
PROJECT AMOUNT STATUS
Newark Bay Hudson County Extension (NJ Turnpike Authority)
NJ Turnpike Authority
$10,700M Under Construction
Hudson Tunnel Project (Gateway Program)
Gateway Development Commission / PANYNJ
$3,800M Under Construction
Pulaski Skyway Rehabilitation (Route 1&9)
NJDOT / PANYNJ
$1,900M Under Construction
Route 7 Wittpenn Bridge Replacement
NJDOT / PANYNJ
$575M Under Construction
PATH Forward Program (Station Improvements, Track Work, Car Overhaul)
Port Authority of New York and New Jersey (PANYNJ)
$430M Under Construction
Hudson Energy Storage Facility
Undisclosed
$200M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.0% 18 percentile
Population Growth -0.2% 22 percentile
Income Growth +8.8% 60 percentile
Vacancy Rate 1.8% 13 percentile
Home Price Change +0.2% 33 percentile
Rent Growth +2.8% 45 percentile
Price/Rent 14x 47 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Hudson County, NJ a good place to move to?

Hudson County has a Boom Town Index score of 46/100, ranking #538 among 996 U.S. counties. With job growth at +0.3% and a median household income of $86,854, it faces some economic headwinds compared to faster-growing counties.

Is Hudson County affordable?

The median home value in Hudson County is $486,900 with median rent at $1,722/month. The income-to-home-value ratio is 0.1784, which is less affordable than the national average.

Is Hudson County growing or shrinking?

Population growth: -0.2% year-over-year. Job growth: +0.3%. Home values changed +0.2% in the past 12 months.

[08] Similar Metros

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