The housing market in 07650 Palisades Park, NJ is strong and growing. The median value of homes in the area is $777,400, which is significantly higher than the US median value of $338,100. This indicates that the housing market in 07650 Palisades Park is much more expensive than average. Furthermore, home appreciation over the last year has been very positive in this area with values increasing by 10.32%, significantly higher than the national average of 8.27%. Therefore, if you're looking for a strong real estate investment opportunity, 07650 Palisades Park should be considered one of your top choices.
The median home cost in Palisades Park (zip 07650) is $777,400. Home appreciation the last 10 years has been 52.1%. Home Appreciation in Palisades Park (zip 07650) is up 9.0%.
Average Age of Homes
- The median age of Palisades Park (zip 07650) real estate is 47 years old
The Rental Market in Palisades Park (zip 07650)
- Renters make up 65.7% of the Palisades Park (zip 07650) population
- 1.6% of houses and apartments in Palisades Park (zip 07650), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.