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Fort Lee borough, NJ

ZIP 07024 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07024

Median Home Value
$422,200
Median Rent
$2,165
Affordability Snapshot
$116,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,712/mo PITI).

25%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

16.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07024 in Fort Lee borough, NJ, a household would need roughly $116,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,712. That is roughly in line with the local median household income ($105,594). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
57.5%-12% vs US avg
x
Vacancy Rate
6.2%-39% vs US avg
x
Broadband Access
93.8%+8% vs US avg
x
4+ Bedrooms
1.6%-89% vs US avg
x
Built Pre-1939
7.3%-43% vs US avg
x
Built Post-2014
1.2%-83% vs US avg
x
Rent Burden >30%
25.4%-49% vs US avg
x
Mortgage-Free
60.7%+59% vs US avg
x
$422,200
Home Value
$2,165
Rent
1970
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached13.7%
  • 1-unit attached6.6%
  • 2-9 units13.8%
  • 10+ units65.4%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$422,200
Median rent$2,165
Owner-occupied57.5%
Vacant6.2%
Price-to-income4.0x
Est. income to buy$116,000