Zip 07024 (Fort Lee, NJ) Housing

The housing market in 07024 Fort Lee, NJ is doing very well. The median value of a house in the area is $544,600, significantly higher than the US median value of $338,100. Over the past year there has been an 8.27% increase in US house prices but in 07024 Fort Lee, NJ the appreciation rate has been even higher at 10.07%. This indicates that the area is seeing strong growth and demand for housing.

The median home cost in Fort Lee (zip 07024) is $544,600. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Fort Lee (zip 07024) is up 13.9%.

Average Age of Homes

- The median age of Fort Lee (zip 07024) real estate is 49 years old

The Rental Market in Fort Lee (zip 07024)

- Renters make up 38.4% of the Fort Lee (zip 07024) population
- 3.0% of houses and apartments in Fort Lee (zip 07024), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Fort Lee, New Jersey	United States
	19,591.0	139,647,020.0
	52	42
	$544,600	$338,100
	13.9%	16.6%
	43.7%	57.0%
	66.2%	101.1%
	$21.41	$10.98
	$7,627	$2,690
	53.9%	57.4%
	7.2%	11.2%
	39.0%	31.4%
Vacant Housing
	3.0%	1.9%
	0.6%	0.4%
	0.4%	0.7%
	0.5%	0.4%
	1.1%	3.6%
	1.6%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	0.6%	2.4%
	0.9%	2.8%
	3.7%	3.9%
	3.2%	4.5%
	9.7%	11.3%
	8.8%	13.0%
	16.8%	20.1%
	10.2%	13.6%
	12.3%	8.3%
	16.8%	9.7%
	10.4%	3.9%
	3.7%	2.2%
	1.3%	0.8%
	1.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	5.4%	13.6%
	5.4%	13.6%
	6.4%	13.6%
	12.6%	13.2%
	15.6%	14.8%
	6.4%	13.6%
	18.0%	10.0%
	6.4%	4.7%
	4.8%	12.2%

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