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Palisades Park, NJ Housing

 
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As of 2010-2014, median price of a house in Palisades Park is $520,200, which is much higher than the state average of $319,900 and is much higher than the national average of $175,700. The Palisades Park median house value has grown by 124.51% since 2000. The growth rate for the price of a house in Palisades Park is higher than the state average rate of 87.30% and is much higher than the national average rate of 46.91%. The median year that a house in Palisades Park was built is 1968, which is newer than the median year for a house built in the state which is 1966 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 2,316 Owner Occupied Houses in Palisades Park, NJ, #92
Palisades Park, NJ
520,200 USD
New Jersey
319,900 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #62
Palisades Park, NJ
124.51%
New Jersey
87.30%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Palisades Park, NJNew JerseyU.S.
Total Housing Units7,762, see rank, 100%3,572,138132,741,033
Occupied Housing Units7,412, 95.49%, see rank89.26%87.55%
Owner Occupied2,316, 29.84%, see rank58.06%56.34%
Renter Occupied5,096, 65.65%, see rank31.20%31.21%
Vacant Housing Units350, 4.51%, see rank10.74%12.45%
For Rent224, 2.89%, see rank2.18%2.34%
For Sale Only0, 0.00%, see rank1.02%1.20%
Rented or Sold, Not Occupied66, 0.85%, see rank0.70%0.92%
For Seasonal, Recreational, or Occasional Use0, 0.00%, see rank3.72%3.97%
For Migrant Workers0, 0.00%, see rank0.01%0.03%
Other Vacant60, 0.77%, see rank3.11%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #165
Palisades Park, NJNew JerseyU.S.
196819661976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Palisades Park, NJ%New JerseyU.S.
Owner-Occupied Units2,316100%2,073,91574,787,460
With a Mortgage1,48364.03%, see rank69.83%65.58%
Without a Mortgage83335.97%, see rank30.17%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Palisades Park, NJ
3,064 USD
New Jersey
2,428 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsPalisades Park, NJ%New JerseyU.S.
$299 or Less00.00%, see rank0.04%0.20%
$300 to $49930.20%, see rank0.35%1.59%
$500 to $699211.42%, see rank0.83%5.01%
$700 to $999302.02%, see rank2.80%14.32%
$1,000 to $1,499342.29%, see rank11.13%27.90%
$1,500 to $1,9991218.16%, see rank17.94%20.35%
$2,000 to $2,99948732.84%, see rank36.29%19.52%
$3,000 or More78753.07%, see rank30.63%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Palisades Park, NJ
38.10% of the Total Income
New Jersey
27.50% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Palisades Park, NJ%New JerseyU.S.
10% or Less1238.29%, see rank3.98%5.86%
10% to 20%18912.74%, see rank23.73%31.95%
20% to 30%20213.62%, see rank28.42%27.64%
30% to 40%27618.61%, see rank16.62%13.74%
40% or More67145.25%, see rank26.85%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Palisades Park, NJ
1,001 USD
New Jersey
972 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsPalisades Park, NJ%New JerseyU.S.
$199 or Less101.20%, see rank1.19%7.76%
$200 to $29900.00%, see rank1.66%14.70%
$300 to $49900.00%, see rank6.42%34.63%
$500 to $6998910.68%, see rank13.17%21.16%
$700 or More73488.12%, see rank77.56%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Palisades Park, NJ
22.10% of the Total Income
New Jersey
18.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Palisades Park, NJ%New JerseyU.S.
10% or Less17721.25%, see rank21.71%40.19%
10% to 20%19022.81%, see rank32.37%31.47%
20% to 30%11013.21%, see rank16.94%12.24%
30% to 40%394.68%, see rank9.46%5.64%
40% or More27933.49%, see rank18.56%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Palisades Park, NJNew JerseyU.S.
Total Housing Units7,762, 100%3,572,138132,741,033
1-unit, Detached1,230, 15.85%, see rank53.67%61.65%
1-unit, Attached1,176, 15.15%, see rank9.26%5.82%
2 Units2,299, 29.62%, see rank9.53%3.75%
3 or 4 Units435, 5.60%, see rank6.43%4.43%
5 to 9 Units513, 6.61%, see rank4.80%4.78%
10 or More Units2,091, 26.94%, see rank15.34%13.08%
Mobile Home, Boat, RV, Van, etc.18, 0.23%, see rank0.98%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Palisades Park, NJNew JerseyU.S.
Total Housing Units7,762, 100%3,572,138132,741,033
1 Room259, 3.34%, see rank2.71%1.95%
2 Rooms218, 2.81%, see rank2.15%2.48%
3 Rooms1,083, 13.95%, see rank10.30%9.13%
4 Rooms1,610, 20.74%, see rank15.19%16.60%
5 Rooms1,697, 21.86%, see rank16.72%20.41%
6 Rooms1,733, 22.33%, see rank16.15%18.06%
7 Rooms737, 9.49%, see rank12.48%12.27%
8 Rooms198, 2.55%, see rank10.49%8.48%
9 Rooms or More227, 2.92%, see rank13.81%10.60%
Median Rooms4.90, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Palisades Park, NJNew JerseyU.S.
Total Housing Units7,762, 100%3,572,138132,741,033
No Bedroom282, 3.63%, see rank2.88%2.17%
1 Bedroom1,634, 21.05%, see rank14.18%11.16%
2 Bedrooms2,552, 32.88%, see rank25.93%26.69%
3 Bedrooms2,470, 31.82%, see rank32.62%39.70%
4 Bedrooms665, 8.57%, see rank18.83%16.05%
5 or More Bedrooms159, 2.05%, see rank5.56%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Palisades Park, NJNew JerseyU.S.
Total Housing Units7,412, 100%3,188,498116,211,092
Utility Gas6,556, 88.45%, see rank74.16%48.85%
Bottled, Tank, or LP Gas101, 1.36%, see rank1.94%4.86%
Electricity330, 4.45%, see rank11.66%36.68%
Fuel Oil, Kerosene, etc.355, 4.79%, see rank11.10%5.86%
Coal or Coke0, 0.00%, see rank0.03%0.12%
Wood22, 0.30%, see rank0.44%2.12%
Solar Energy0, 0.00%, see rank0.03%0.05%
Other Fuel16, 0.22%, see rank0.32%0.47%
No Fuel Used32, 0.43%, see rank0.32%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalPalisades Park, NJNew JerseyU.S.
Occupied Units Paying Rent4,872, 100%1,077,46339,201,928
$199 or Less21, 0.43%, see rank1.46%1.50%
$200 to $29942, 0.86%, see rank3.04%3.18%
$300 to $4997, 0.14%, see rank3.86%7.37%
$500 to $69960, 1.23%, see rank4.64%16.01%
$700 to $999386, 7.92%, see rank19.19%29.17%
$1,000 to $1,4992,394, 49.14%, see rank40.89%26.88%
$1,500 to $1,999925, 18.99%, see rank17.11%9.79%
$2,000 or More1,037, 21.28%, see rank9.81%6.10%
Median$1,407, see rank$1,188$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Palisades Park, NJNew JerseyU.S.
Occupied Housing Units7,412, 100%3,188,498116,211,092
No Vehicles Available1,180, 15.92%, see rank11.70%9.12%
1 Vehicles Available3,059, 41.27%, see rank34.71%33.80%
2 Vehicles Available2,519, 33.99%, see rank36.16%37.48%
3 or More Vehicles Available654, 8.82%, see rank17.43%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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