ZIP Code 07093 Housing Market

📝 Local Market Notes

The housing market in ZIP code 07093, located in Hudson County, New Jersey, exhibits a robust upward trajectory over the past five years. The Home Price Index (HPI) for this area has surged from 245.98 in 2019 to 365.06 in 2025, representing a cumulative increase of approximately 48.4%. This growth was not linear; after a modest rise in 2020 and a slight dip in 2021, the market experienced a significant acceleration beginning in 2022. The current HPI level of 365.1 indicates that home values in this specific geographic area are now 3.65 times their 2000 baseline, reflecting sustained appreciation driven by localized demand factors. When comparing year-over-year performance, ZIP 07093 demonstrates a notable divergence from broader regional trends. The county’s YoY growth stands at +9.56%, while the state average is +4.53%. Although the specific YoY figure for ZIP 07093 is not explicitly isolated in the provided dataset, its rapid HPI expansion from 2022 to 2025 suggests it is a primary driver of the county’s strong performance. This outperformance relative to the state average signals that local inventory constraints or unique neighborhood amenities are creating a premium over general New Jersey market conditions. The neighboring ZIP 07306, with an HPI of 582.6, further contextualizes the high-value nature of this sub-market. The sub-market character of ZIP 07093 is best described as an established, owner-occupied community with significant equity accumulation. The parent county’s median household income of $91,795 supports the purchasing power necessary for these price levels, despite the county’s overall owner-occupancy rate of 30.7%. With a median home value of $539,700 for the county, ZIP 07093 likely sits at or above this median, indicating a middle-to-upper-middle-class demographic rather than an entry-level or luxury enclave. For prospective buyers, the practical takeaway is that this market is highly competitive and appreciating rapidly. Given the current 30-year mortgage rate of 7.40%, the high HPI implies substantial monthly carrying costs. Residents should anticipate continued price firmness, as the data reflects a market that has consistently outpaced state averages, making timing of entry a critical financial consideration.

Based on FHFA House Price Index data.