Bayonne looks to have begin this transformation by adding more shopping along Rt. 440, no different than what began in Downtown Jersey City so many years ago. Bayonne is an alternative to the expensive living that now exists in areas like Down Town, Hoboken and many other places along the water front.
In my opinion it is inevitable with time that Bayonne as well will become a lot like the fore mentioned areas. Bayonne already has some great things in place such as Hudson County Park, 16th St., some Marina operations, more shopping choices then in the past with some of the bigger retailers. When you look at the over all picture it is one of the last waterfront communities to New York that is beginning to transform into what you see in places such as Hoboken but will have and maintain a more family atmosphere due to its large base of single family and two family homes.
Just some food for though and a personal opinion but many times the transformation of a town has begun long before anyone really notices the changes.
That being said, I am in the market for my first house and am looking for a two-family so that I can live in one unit and rent the other one out, and I think Bayonne is a great investment. It's one of the Hudson County neighborhoods I'm looking at. I don't expect to live there long or that the property value is going to skyrocket, but I am expecting to have reliable rental income for years to come.