Sell Your Commercial Property In Hudson County, NJ

Who rents in Hudson County

Renters head 207,608 of the 299,682 occupied households in Hudson County, a 69.3% share in the 2020-2024 ACS. That is nearly double the 36.2% renter share across New Jersey. Jersey City carries the largest renter base in Hudson County, with 90,256 renter households, about 43.5% of the county total. Union City (20,818), Hoboken (18,607) and Bayonne (18,468) form the next tier of renter-heavy cities in Hudson County.

Jersey City also dominates the apartment stock, holding 73,021 of Hudson County's 169,345 units in buildings of five or more units, a 43.1% share. Hoboken runs the highest renter density of any covered city, with 79.3% of its housing in 5+ unit buildings. Kearny sits at the other end, with just 22.0% of its stock in larger buildings and a 57.1% renter share, the lowest among Hudson County's six covered cities.

Rents, growth and affordability

Median gross rent in Hudson County climbed 36.2%, from $1,391 to $1,894, between the 2015-2019 and 2020-2024 ACS surveys. Population grew more slowly, up 7.2% to 718,323 residents, while renter households rose 17.5%, adding 30,951 households.

Hudson County's rent growth outpaced the 28.9% gain recorded statewide in New Jersey over the same span. Units in 5+ unit buildings in Hudson County grew 22.3%, adding 30,833 units, and rental vacancy held at 4.4%, above the 3.5% New Jersey rate. That combination of strong rent growth and tight vacancy points to resilient demand in Hudson County.

Affordability is strained. In the 2020-2024 ACS, 46.4% of Hudson County renters paid 30% or more of income on gross rent. HUD's FY2027 two-bedroom Fair Market Rent for the Jersey City HUD Metro FMR Area is $2,792, well above the county's $1,894 median gross rent, reflecting the premium commanded by newer, larger units.

City-by-city comparison

Jersey City anchors the Hudson County apartment market, with 54.0% of its housing in 5+ unit buildings. Hoboken posts the highest median gross rent among Hudson County's cities, at $2,938, alongside the highest share of apartment-style housing, at 79.3%. Union City and West New York combine very high renter shares with mid-range rents.

Vacancy stays tight countywide. Kearny posts the lowest rate at 2.4%, while Jersey City and Hoboken both run 5.1%, the highest among the six. Union City pairs the highest renter share, at 80.9%, with one of the lowest vacancy rates, at 3.2%, a sign of persistent demand. Rent spans from $1,537 in Union City to $2,938 in Hoboken, a gap of more than $1,400.

Property taxes and assessment in Hudson County

New Jersey assesses property as of October 1 of the pretax year, with taxable value set by multiplying market value by the municipal average ratio, per the Division of Taxation. Owners in Hudson County can appeal to the county board of taxation by April 1, and assessments above $1,000,000 may go directly to the State Tax Court.

Rates vary sharply by municipality within Hudson County. The 2025 effective tax rate runs from 1.070 per $100 of value in Hoboken to 1.987 in Bayonne, per the New Jersey Division of Taxation's 2025 General Tax Rates. On a $1,000,000 taxable value, that spread runs from about $10,700 a year in Hoboken to roughly $19,870 in Bayonne. Jersey City's effective rate sits at 1.847, and Union City's at 1.859.

Assessments in Hudson County are generally set once and carried over for subsequent tax years, per the Division of Taxation's guidance, with added assessments triggered when owners alter a property after October 1 or a parcel is left off the tax list.

What this means if you sell in Hudson County

When you sell commercial property in Hudson County, NJ, you are selling into one of New Jersey's deepest renter markets. Renters hold 69.3% of households, and vacancy sits at a tight 4.4%, so buyers will scrutinize your rent roll for upside against current market rents. A Union City building near an 80.9% renter share draws different scrutiny than a Hoboken property competing at a $2,938 median rent.

Taxes come next. Buyers underwrite the post-sale assessment, not your current bill, and in Hudson County that bill depends heavily on which municipality the building sits in, from Hoboken's 1.070 effective rate to Bayonne's 1.987. Rent control is set locally in New Jersey, not by the state, so a Jersey City or Hoboken building may carry different increase limits than one in Kearny or Bayonne.

As a multifamily buyer in Hudson County, we review 5+ unit buildings from Jersey City to Bayonne as they stand today. Send a current rent roll, a T-12 and the latest municipal tax bill, and we will price the building on those numbers.