Avon population

Study says Jersey City, NJ is popular for inbound moves

We hear a lot about people moving out of New Jersey, but there is at least one city where people, especially renters, are moving in, and that city is Jersey City.

According to research by Storage CaféJersey City was among the most popular destinations for renters in 2021. Their figures show three times as many renters came to Jersey City as they left.

As you might expect, most of the influx came from New York;

“The job market is becoming more attractive in Jersey City and the housing market allows for more space to move around, as apartments are larger in Jersey City, 786 square feet compared to 723 square feet in Manhattan, on average .”

With all the moves, Jersey City is getting younger and younger, as 69% of incoming renters are millennials — as are 72% of Big Apple arrivals — and 19% are Gen Zers. New York, on the other hand, saw twice as many renters leaving as arriving, the most striking negative net migration in the country, and they chose Jersey City more than anywhere else.

The methodology, according to the site:

StorageCafe reviewed 3.4 million rental applications from RentGrow as of 2021, illustrating tenant interest in 257 markets with populations over 100,000. We determined the preferred migration destinations based on their applications, and we determined each destination city’s relative ranking for net tenant migration – inbound minus outbound – as a proportion of its population.

Nationally, rental inquiries increased 10% in 2021. The Dallas-Ft. The Worth metropolitan area had the two most popular cities for in-migration of renters (Lewisville and Irving). Jersey City was 8th.

The views expressed in the above post are those of New Jersey 101.5 talk show host Bill Doyle only.

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