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

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

(ABOVE: Craig Wallace Dale photo)

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.

RELATED: “HOBOKEN: WHY WE LIVE HERE”

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
Authored by: hMAG