Palisades Park, NJ is a desirable area to live in due to its high housing median value of $792,400. This is almost double the US house median value of $338,100 and is an indication of the area's prestige. In addition, the one year house appreciation rate in Palisades Park is 10.32%, much higher than the national average of 8.27%. With its high housing median value and appreciation rate, Palisades Park is a great place to invest in real estate and offers many opportunities for those looking to purchase a home.
The median home cost in Palisades Park is $792,400. Home appreciation the last 10 years has been 52.1%. Home Appreciation in Palisades Park is up 9.0%.
Average Age of Homes
- The median age of Palisades Park real estate is 47 years old
The Rental Market in Palisades Park
- Renters make up 65.7% of the Palisades Park population
- 1.6% of houses and apartments in Palisades Park, 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.