TOP OF THE HEAP: Hoboken Housing Market Ranks As New Jersey’s Healthiest

Posted on February 8, 2016 in hNOW, News

So much for “little town blues” in Frank Sinatra’s hometown…

New York financial technology company SmartAsset released the rankings from its second annual Healthiest Housing Markets Study and the Hoboken Housing Market made the list at number 1 in New Jersey, up from their rank of #16 in 2015.

The study measures market health by the average number of years residents spend in homes, home values, ease of sale, and the costs associated with ownership.

For a look at how Hoboken compares with the New Jersey leaders, check the table below:

Rank	City	Average Years Living in Home	Avg. Homes with Negative Equity	Homes Decreasing in Value	Avg. Days on Market	Home Costs as % of Income	Healthiest Markets Index
1	Hoboken, NJ	8.6	13.5%	4.4%	44.4	23.3%	81.66
2	Fanwood, NJ	19.6	5.8%	25.4%	86.8	24.2%	78.82
3	Mountainside, NJ	20.0	5.8%	34.7%	111.6	23.2%	75.68
4	Westfield, NJ	17.3	3.8%	34.8%	92.4	23.6%	75.65
5	Glen Rock, NJ	19.1	3.8%	36.9%	93.1	24.7%	73.07
6	Ridgewood, NJ	16.6	5.2%	31.7%	89.6	24.8%	73.07
7	Manasquan, NJ	16.0	3.8%	26.3%	138.4	24.4%	73.03
8	Chatham, NJ	16.0	4.3%	43.4%	63.0	23.8%	72.65
9	Westwood, NJ	18.0	6.5%	29.5%	50.5	26.9%	72.25
10	Haddonfield, NJ	17.3	8.8%	33.1%	135.6	24.2%	69.03

Tags: Real Estate