With a population of over 60,000 people, Hoboken is a part of the New York Metropolitan area, which spans over 2 square miles and is a city in Hudson County in New Jersey. Despite its spread in a very small area, the large population of Hoboken makes it the third most densely populated city in the United States. Hoboken is located on the west bank of the river of Hudson and is consistently considered one of the best places to live in Hudson County.
Originally settled as a part of the Pavonia colony in New Netherland in the 17th century, Hoboken is now a fully developed city, the foundation stone of which was laid by Colonel John Stevens in the early 19th century. At that time, Hoboken existed in parts of Bergen Township and North Bergen Township and emerged as an independent city in 1855.
During most of the duration of the 20th century, Hoboken remained an integral part of the Port of New York and New Jersey and was a base for several industries. In the current day and age, Hoboken has become a fully-developed residential area with the best examples of Hudson County real estate with large-sized single-family houses and residential skyscrapers and condominiums.
Average Price reflects the average price of single family homes sold in particular town. It is calculated based on the twelve month moving average (geometric mean).
General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.
Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.
Homes Sold is the number of single family homes sold in a particular district in the past 12 month period.
Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury