We just released our most complex study of 2019 – the end of decade report, where we analyzed and gathered the 15 most important housing trends that defined the ‘10s.

Here are the main findings for New Jersey:

• 3 New Jersey cities make it to the top of the list of cities with the highest share of renters. Newark comes in 3^rd with a 75% renter-majority population. Next in this ranking is Elizabeth, where 73% of the population lives in rental homes, while Jersey City comes in 6^th with a renter-population share of 67%.
• Compared to 2010, the share of wealthy renters in Jersey City has doubled. At the beginning of the decade, 9% of the number of households earning more than 150K a year were renters. Nowadays, 18% of high-income households opt for the renter lifestyle.

• Although apartments in Newark are currently larger than they were in 2010 when the average size was hovering around 694 SqFt, Newark still has some of the smallest dwellings in the nation: coming second after Seattle, the average apartment in Newark is 706 SqFt.
  
• Over the decade, Edison saw the highest jump in single-family renter units – 41%. Despite Americans’ preference for apartment living, since 2010, Edison delivered 41% more single-family units and 8% less multi-family units.

• Jersey City delivered no fewer than 14K new apartments this decade, out of a total of 125K units in Metro New York. This represents 11% of the housing units built in this metro area in the 2010s.
• Jersey City ends this decade as one of the ‘youngest’ cities nationwide, with almost 39% of its population made up of millennials. While at the beginning of the 2010s millennials were mostly residing in college towns, nowadays they have relocated to more vibrant, and more affordable cities in search of job opportunities.

You can access the report here, to see all the sections we included, with the adjacent methodology, and the national rankings.

Since we extracted a lot of data, if there is a specific segment of the study that you’re interested in, but do not find your city listed there, feel free to reach out and I’d be happy to drill down the information for you.