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Bayonne

Learn about the people, housing, costs and businesses in Bayonne, New Jersey

Median Home$461,906
Median Rent$1,659/month
Population71,553
Leading IndustriesInformation & Media · Finance & Insurance · Transportation14% information & media
Home Value Growth⬆⬆+15.1% over 2 years
Young Adults29% of residentsslightly above average
Renters64% of occupied units
NotableAmenity Score75/100 · highly walkable area
NotableHighly Educated28% hold a bachelor's degree · top 12% nationally
Bayonne
NJ

Frequently Asked Questions

What are today's mortgage rates in Bayonne?

As of today, the 30-year fixed mortgage rate for Bayonne is approximately 6.835% (6.869% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Bayonne?

The median home value in Bayonne is $462k. The median monthly rent is $1,659. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bayonne?

Home values in Bayonne have increased 15.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Bayonne?

Based on a typical all-in ownership cost of $1,808/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $77k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bayonne is $80k/year.

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What industries drive the economy in Bayonne?

The largest employment sectors in Bayonne are public administration (24%) and information and media (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.