Where should you buy an apartment in New Jersey?

New Jersey isn’t the biggest state in the union, but it is one that comes with so many great opportunities and locations. In fact, there is more to do in New Jersey than in plenty of other locations across America. It makes up for its small size with a great number of local events, businesses, and charming cities that feature so much to do, all year long. 

There are a number of people who are moving to New Jersey, including many people who want to invest in an apartment in Jersey. Buying an apartment in New Jersey is very smart because it will allow you a chance to pack up and move around the state and experience all that it has to offer through the years. 

But if you are thinking of moving to Jersey, you will need to know a few things. You’ll want to know how much money you’ll be spending, of course, but you’ll also have to contemplate and decide which city you should move to when you’re getting your apartment. 

Finding a New Jersey apartment for sale isn’t always easy. And it’s also not always easy to buy an apartment in New Jersey, just like it’s not easy to buy a condo in New Jersey either. That is why this guide is going to be so helpful because it will teach you a few things you should be aware of. 

How much does it cost to buy an apartment in New Jersey?  

The price that you will pay when living in New Jersey all depends on where you wish to buy an apartment in the Garden State. The difference in pricing is, as you can imagine, quite stark. 

Just like everywhere else, if you are looking to buy an apartment, you will be spending much more in some areas than others. The median sales price is all of NJ as of January 2024 was $494,300*. Of course, this is all dependent on the location and the more money you spend, the more access to the life and culture of New Jersey you will receive. In Hudson County, right across Manhattan, the median sales price was about $680,000.

*Data from ATTOM Data Solutions

What are the best locations in New Jersey?

There are so many places in New Jersey that have wonderful apartments that you might not be sure where to start your search.

Thankfully, our guide can tell you about some of the most ideal places to call home when you are hunting for your new apartment in New Jersey. Whether you are renting or buying, these are a few of the most ideal spots for you to make your own.

Union City 

Union City, located in Hudson Country of New Jersey, is one of the most charming and stunning parts of the state. There is so much to do in Union City, from experiencing its rich Cuban culture to visiting some of the local businesses that reside there. Of course, Union City also has a great amount of apartments that you can rent or buy. You would be smart to find an apartment in Union City because of its closeness to New York and the number of things that you can do there. You will always be busy with something new and exciting to do. It is easily accessed because of its proximity to the Lincoln Tunnel, with direct buses straight to Manhattan.

Jersey City 

Jersey City is actually a suburb of the New York area, which is just one of the many reasons why you should think of this city when you are looking for a new apartment to buy or rent.  

There is a lot of housing available in Jersey City because of its size and popularity and proximity to New York City. For those same reasons, there are also a lot of expensive, high-end, luxury apartments in Jersey City that are ready for you. It is very dense with numerous tall buildings, looking like a smaller Manhattan.

Hoboken 

Hoboken is known for many things, from its vintage charm to the fact that it’s the hometown of Frank Sinatra. It’s a great place for business people who work in New York to live. There are ferries and PATH trains that will take you from Hoboken straight into the heart of NYC and for that reason alone, it’s an area you should invest in when you’re hunting for your new apartment.  

Weehawken 

If you are a young professional looking for an apartment to live in, then you should consider moving to Weehawken. This is one of the best cities to live in and comes with plenty of parks, restaurants, coffee shops, and affordable and luxury locations to live in too. With a population of just 16,000, Weehawken also still retains its small-town feel. You can enjoy beautiful, luxurious properties on the Waterfront with incredible views of Manhattan, while enjoying more indoor and outdoor space.

Summary 

New Jersey is a great state that features so many wonderful companies, parks, restaurants, and locations to live. There are countless wonderful apartments in the state that are waiting for people who are moving to New Jersey or those who have lived there for years. If you are thinking of finding a comfortable and luxurious home in this state, you should contact our expert team at BARNES New York. We know what you should be looking for, what you should be avoiding, and how much you should be spending when you are ready to call New Jersey your home.