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Palisades Park borough, NJ

ZIP 07650 — Housing & Real Estate

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

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07650

Median Home Value
$704,400
Median Rent
$1,869
Affordability Snapshot
$194,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,525/mo PITI).

22%
Rent-to-Income Ratio

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

7.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

31.4 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 07650 in Palisades Park borough, NJ, a household would need roughly $194,000 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 $4,525. That is about 92% above the local median household income ($101,295), so the median earner would likely stretch or need a larger down payment. 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
37.1%-43% vs US avg
x
Vacancy Rate
3.1%-70% vs US avg
x
Broadband Access
92.9%+7% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
11.3%-11% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
23.1%-53% vs US avg
x
Mortgage-Free
41.9%+10% vs US avg
x
$704,400
Home Value
$1,869
Rent
1976
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached16.8%
  • 1-unit attached21.5%
  • 2-9 units38.0%
  • 10+ units23.3%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$704,400
Median rent$1,869
Owner-occupied37.1%
Vacant3.1%
Price-to-income7.0x
Est. income to buy$194,000