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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 7.90% |
| One Bedroom | 30.20% |
| Two Bedrooms | 23.60% |
| Three Bedrooms | 28.80% |
| Four Bedrooms | 6% |
| Five Bedrooms or more | 3.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.13 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $231,700 |
| Median Price asked for vacant units | $225,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $644 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4% |
| Home Equity Loan | 4.10% |
| Simple Mortgage | 54.40% |
| Debt Free | 37.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 26.1% |
