Housing data for Palisades Park Borough, NJ
Palisades Park Borough, NJ has an estimated 20,290 residents and 7,614 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a borough in Bergen County.
64.5% of households rent.
The median gross rent is $2,009 a month.
Its population shrank measurably since 2015–2019 (−1.5%).
Figures last updated on .
- Residents
- 20,290 (±27)
- Housing units
- 7,614 (±406)
- Households that rent
- 64.5%
- Median gross rent
- $2,009
- Residents since 2015–2019
- −1.5%
What stands out in Palisades Park Borough
Households that rent: 64.5% (±4.2 points) in Palisades Park Borough, higher than in Bergen County (34.7%).
Households without a vehicle: 17.9% (±4.8 points) in Palisades Park Borough, higher than in Bergen County (7.5%).
Households that moved in since 2020: 30.4% (±5.6 points) in Palisades Park Borough, higher than in Bergen County (19.6%).
Commuting by public transportation: 14.1% (±3.2 points) in Palisades Park Borough, higher than in Bergen County (10.4%).
- Renters and owners in Palisades Park Borough
- Commute and cars in Palisades Park Borough
- How long people stay in Palisades Park Borough
Housing in Palisades Park Borough at a glance
- Median rent: $2,009 median gross rent a month
- Rent by bedrooms: $2,117 median gross rent, 2 bedrooms
- Rent burden: 53.5% of renters pay 30% or more of income
- Renters and owners: 64.5% of households rent
- Income and affordability: $94,743 median household income
- Home values: $719,600 median home value
- Homeowner costs: $3,535 median monthly cost with a mortgage
- Property taxes: $10,000 or more median real estate taxes a year
- Types of homes: 26.7% of homes are in buildings of 5 or more units
- Bedrooms: 52.4% of homes have 3 or more bedrooms
- Age of homes: 54.6% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate
- Heating fuel: 73.3% heat with utility gas
- Commute and cars: 30.7 minutes average trip to work
- Crime reported to police: 34 violent crimes per 100,000 residents
- Growth: −1.5% residents since 2015–2019
- How long people stay: 30.4% moved in since 2020
- Crowding and facilities: 8.5% of homes have more than 1 person per room
- Fair Market Rent: $2,530 Small Area FMR, 2 bedrooms (ZIP 07650)
Palisades Park Borough against Bergen County, its state and the nation
| Palisades Park Borough | Bergen County | New Jersey | United States | |
|---|---|---|---|---|
| Residents | 20,290 (±27) | 962,316 (exact) | 9,343,809 (exact) | 334,922,499 |
| Housing units | 7,614 (±406) | 369,613 (±176) | 3,791,354 (±469) | 143,775,355 |
| Households that rent | 64.5% (±4.2 points) | 34.7% (±0.7 points) | 36.2% (±0.2 points) | 34.8% |
| Median gross rent | $2,009 (±$149) | $1,914 (±$21) | $1,720 (±$7) | $1,413 |
| Median household income | $94,743 (±$9,430) | $124,884 (±$1,735) | $103,556 (±$513) | $80,734 |
| Median home value | $719,600 (±$61,173) | $623,000 (±$4,306) | $454,400 (±$1,150) | $332,700 |
| Median real estate taxes (a year) | $10,000 or more | $10,000 or more | $9,590 (±$25) | $3,119 |
| Built before 1980 | 54.6% (±7.3 points) | 73.8% (±1.1 points) | 62.8% (±0.3 points) | 49.7% |
| Average commute | 30.7 minutes (±1.9) | 31.2 minutes (±0.4) | 30.5 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 92.7% (±2.7 points) | 94.8% (±0.3 points) | 92.8% (±0.1 points) | 91.0% |
| Median age of residents | 42.9 years (±2.4) | 42.0 years (±0.2) | 40.1 years (±0.1) | 38.9 years |
Palisades Park Borough covers 1.2 square miles of land, about 16,376 residents per square mile (Census Bureau Gazetteer).
How Palisades Park Borough has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 20,604 (±46) | 20,290 (±27) | −1.5% | Measurable decrease |
| Housing units | 7,781 (±290) | 7,614 (±406) | −2.1% | Not a measurable change |
| Median gross rent | $1,520 (±$93) | $2,009 (±$149) | +32.2% | No measurable change after inflation |
| Median home value | $558,400 (±$26,590) | $719,600 (±$61,173) | +28.9% | No measurable change after inflation |
| Median household income | $68,245 (±$6,572) | $94,743 (±$9,430) | +38.8% | No measurable change after inflation |
| Median owner cost with a mortgage | $3,223 (±$166) | $3,535 (±$337) | +9.7% | Down after inflation |
| Households that rent | 63.3% (±3.6 points) | 64.5% (±4.2 points) | +1.2 percentage points | Not a measurable change |
| Rental vacancy rate | 2.9% (±1.6 points) | 0.0% (±0.9 points) | −2.9 percentage points | Measurable decrease |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Palisades Park Borough
In 2025, the Palisades Park Police Department reported 34 violent and 501 property crimes per 100,000 residents to the FBI.
ZIP codes in Palisades Park Borough
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 07650 | 100% | 20,290 | $2,009 | $719,600 | $94,743 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Palisades Park Borough
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Leonia Borough | 1.2 mi | $2,073 | $672,900 | 30.1% |
| Ridgefield Park Village | 1.3 mi | $1,731 | $496,700 | 39.9% |
| Ridgefield Borough | 1.3 mi | $2,095 | $646,200 | 48.6% |
| Fort Lee Borough | 1.4 mi | $2,270 | $448,000 | 44.6% |
| Cliffside Park Borough | 1.8 mi | $1,837 | $588,200 | 48.6% |
| Fairview Borough | 1.8 mi | $1,694 | $511,400 | 66.8% |
| Little Ferry Borough | 2.0 mi | $1,783 | $429,300 | 54.3% |
| Edgewater Borough | 2.0 mi | $2,579 | $715,700 | 60.2% |
Places in New Jersey most like Palisades Park Borough
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Long Branch | $1,876 | $574,000 | $79,653 | 57.5% |
| Bradley Beach Borough | $1,790 | $932,800 | $97,005 | 51.5% |
| East Rutherford Borough | $1,952 | $458,100 | $97,993 | 64.6% |
| Englewood | $1,977 | $544,100 | $102,571 | 45.5% |
| Highland Park Borough | $1,873 | $471,700 | $104,694 | 59.7% |
| Caldwell Borough | $1,976 | $575,400 | $96,824 | 58.1% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across New Jersey.
HUD Fair Market Rent for Palisades Park Borough, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,772 | $1,987 | $2,282 | $2,771 | $3,497 |
HUD also publishes a Small Area Fair Market Rent for each ZIP code in the area; the Fair Market Rent page for this place lists its ZIP codes.
HUD income limits for Palisades Park Borough, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $29,250 | $48,700 | $75,900 |
| 2 people | $33,400 | $55,650 | $86,750 |
| 3 people | $37,600 | $62,600 | $97,600 |
| 4 people | $41,750 | $69,550 | $108,400 |
| 5 people | $45,100 | $75,150 | $117,100 |
| 6 people | $48,450 | $80,700 | $125,750 |
| 7 people | $51,800 | $86,250 | $134,450 |
| 8 people | $55,720 | $91,850 | $143,100 |
These are the limits HUD sets for its housing programs in the Bergen-Passaic, NJ HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $139,100.
A program can use its own limits; tax-credit and local programs often do.
Local rules in Palisades Park Borough
Palisades Park Borough has local landlord and tenant rules of its own on top of New Jersey law.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Palisades Park Borough
What is the average rent in Palisades Park Borough, NJ?
The Census Bureau publishes the median rather than the average: the median gross rent in Palisades Park Borough is $2,009 (±$149) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Palisades Park Borough?
The median gross rent for a one-bedroom home in Palisades Park Borough, NJ is $1,611 (±$102) a month (2020–2024 American Community Survey).
Are renters in Palisades Park Borough rent-burdened?
53.5% of renting households in Palisades Park Borough pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Palisades Park Borough?
Palisades Park Borough has an estimated 4,820 (±399) renting households, 64.5% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Palisades Park Borough?
The median household income in Palisades Park Borough is $94,743 (±$9,430) a year (2020–2024 American Community Survey).
What is the average home value in Palisades Park Borough, NJ?
The Census Bureau publishes the median: $719,600 (±$61,173) for owner-occupied homes in Palisades Park Borough (2020–2024 American Community Survey).
Is Palisades Park Borough growing?
In Palisades Park Borough, the number of residents went from 20,604 in 2015–2019 to 20,290 in 2020–2024 (−1.5%), a measurable decrease.
What ZIP codes are in Palisades Park Borough?
The ZIP code that covers Palisades Park Borough is 07650.
What is the median rent in ZIP code 07650?
The median gross rent in ZIP Code Tabulation Area 07650 is $2,009 (±$149) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Palisades Park borough, Bergen County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Palisades Park borough, Bergen County, New Jersey
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Palisades Park borough, Bergen County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Palisades Park borough, Bergen County, New Jersey
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Palisades Park borough, Bergen County, New Jersey
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Palisades Park borough, Bergen County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Palisades Park borough, Bergen County, New Jersey
- HUD Fair Market Rents, fiscal year 2027: Bergen-Passaic, NJ HUD Metro FMR Area
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: Bergen-Passaic, NJ HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Palisades Park Police Department (ORI NJ0024500)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Palisades Park borough, Bergen County, New Jersey (county subdivision:55770, in state:34 county:003).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .