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Park Ridge borough, NJ

ZIP 07656 — Housing & Real Estate

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

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07656

Median Home Value
$666,200
Median Rent
$1,893
Affordability Snapshot
$183,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,279/mo PITI).

14%
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.

29.3 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 07656 in Park Ridge borough, NJ, a household would need roughly $183,000 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 $4,279. That is roughly in line with the local median household income ($165,391). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
82.3%+26% vs US avg
x
Vacancy Rate
4.5%-56% vs US avg
x
Broadband Access
91.8%+5% vs US avg
x
4+ Bedrooms
10.1%-32% vs US avg
x
Built Pre-1939
3.3%-74% vs US avg
x
Built Post-2014
1.1%-85% vs US avg
x
Rent Burden >30%
18.0%-64% vs US avg
x
Mortgage-Free
49.0%+28% vs US avg
x
$666,200
Home Value
$1,893
Rent
1963
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

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

  • 1-unit detached70.1%
  • 1-unit attached7.0%
  • 2-9 units13.0%
  • 10+ units9.9%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$666,200
Median rent$1,893
Owner-occupied82.3%
Vacant4.5%
Price-to-income4.0x
Est. income to buy$183,000