Palisades Park, NJ Real Estate

According to census data in the year 2000 there were 6,386 housing units in Palisades Park. This represents a 5.6% growth from 6,049 in 1990.

Of those housing units, 6,386 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Palisades Park is about 37.2%. Palisades Park's vacancy rate, including seasonal lodging, is about 2.2%. Average household size is 2.73 people.

The majority of houses, apartments or condos in Palisades Park were built after 1959.


Housing Size

Housing Units by Size
Studio Type7.90%
One Bedroom30.20%
Two Bedrooms23.60%
Three Bedrooms28.80%
Four Bedrooms6%
Five Bedrooms or more3.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.13
Median year structure was built1957
Median Value of occupied units$231,700
Median Price asked for vacant units$225,000

Rented Homes, Apartments and Condos

Average Household Size2.5
Median year structure was built1960
Median Monthly Rent asked for vacant units$644

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4%
Home Equity Loan4.10%
Simple Mortgage54.40%
Debt Free37.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs26.1%