Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Palisades Park area can be challenging. Home prices in Palisades Park are now at a median cost of $606,276, higher than the New Jersey average of $388,929.
The average cost of rent is $1,844/mo in Palisades Park, primarily driven by the current value of real estate in the Palisades Park area. While nearly 37.58% of residents own their homes outright in Palisades Park, 61.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palisades Park is $6,890 per month. Households that rent pay about 26.76% of their income on rent here. Palisades Park's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Ridgefield, NJ: less expensive homes
- Fort Lee, NJ: less expensive homes
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- Cliffside Park, NJ: less expensive homes
- Edgewater, NJ: equally priced homes
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- Bogota, NJ: less expensive homes
- South Hackensack, NJ: less expensive homes
Cities with Similar Populations
- Prospect, KY: less expensive homes
- Lake Shore, MD: less expensive homes
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- Lawrenceburg, KY: less expensive homes
- Lawrenceburg, TN: less expensive homes
- Lealman, FL: less expensive homes
- Abbeville, LA: less expensive homes
- Lincoln, RI: less expensive homes
- Long Beach, MS: less expensive homes
- Louisville, OH: less expensive homes
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