Jul 26, 2014
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Hoboken a Top Place for Homeownership, Study Shows

Website ranks the city as the No. 43 place to own a home in the state.

Hoboken a Top Place for Homeownership, Study Shows

As part of its state-by-state series, consumer advocacy site  NerdWallet has analyzed the federal data and found the  best places for homeownership in New Jersey—and Hoboken was among the top-50.

"Homeownership in New Jersey can be expensive but our analysis found affordable places across the state, including areas close to Philadelphia and New York City," said Maggie Clark, an analyst with NerdWallet. "Moderate home values and high homeownership rates make these cities a good bet for homebuyers."

The data used in this study comes from the U.S. Census American Community Survey 5-year Estimates. The specific sections used to derive each factor can be found in the "Methodology" section at the bottom of the study, along with more details about how each factor was weighted.

South Jersey's Williamstown, a suburb of Philadelphia, topped the list while Hoboken ranked No. 43.

What do you think about Hoboken's ranking? Tell us in the comments.

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