Is Palisades Park Borough, NJ growing?
Palisades Park Borough, NJ had an estimated 20,290 (±27) residents in 2020–2024, against 20,604 in 2015–2019.
That is a change of −1.5%, a measurable decrease.
Its housing went from 7,781 to 7,614 homes (−2.1%), not a measurable change.
0.7% of today’s homes were built in 2020 or later.
Figures last updated on .
- Residents now
- 20,290 (±27)
- Amount of change
- −1.5%
- Homes change
- −2.1%
- Built 2020 or later
- 0.7%
Residents and homes in Palisades Park Borough, 2015–2019 and 2020–2024
| 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 |
| Households that rent | 63.3% (±3.6 points) | 64.5% (±4.2 points) | +1.2 percentage points | 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 |
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.
Growth in Palisades Park Borough against Bergen County, its state and the nation
| Residents | Verdict | Housing units | |
|---|---|---|---|
| Palisades Park Borough | −1.5% | Measurable decrease | −2.1% |
| Bergen County | +3.4% | Measurable increase | +3.3% |
| New Jersey | +5.2% | Measurable increase | +4.8% |
| United States | +3.1% | Measurable increase | +4.6% |
A change in a place’s boundaries between the two periods (an annexation, say) changes its counts as well; the Census Bureau’s figures are for the place as it was drawn in each period.
New homes in Palisades Park Borough
| Year built | Palisades Park Borough | Bergen County | New Jersey | United States |
|---|---|---|---|---|
| 2020 or later | 0.7% (±0.7 points) | 1.4% | 1.1% | 2.0% |
| 2010 to 2019 | 8.0% (±1.8 points) | 5.3% | 6.2% | 9.4% |
| 2000 to 2009 | 21.4% (±3.5 points) | 6.0% | 9.2% | 13.6% |
8.7% of the homes in Palisades Park Borough were built in 2010 or later.
The median age of residents is 42.9 years.
Growth in places near Palisades Park Borough
| Place | Distance | Residents now | Amount of change | Verdict |
|---|---|---|---|---|
| Palisades Park Borough | — | 20,290 | −1.5% | Measurable decrease |
| Leonia Borough | 1.2 mi | 9,336 | +2.8% | Measurable increase |
| Ridgefield Park Village | 1.3 mi | 13,235 | +2.4% | Measurable increase |
| Ridgefield Borough | 1.3 mi | 11,498 | +2.4% | Measurable increase |
| Fort Lee Borough | 1.4 mi | 40,067 | +7.0% | Measurable increase |
| Cliffside Park Borough | 1.8 mi | 25,781 | +2.6% | Measurable increase |
| Fairview Borough | 1.8 mi | 15,099 | +5.9% | Measurable increase |
| Little Ferry Borough | 2.0 mi | 10,996 | +2.0% | Measurable increase |
| Edgewater Borough | 2.0 mi | 14,759 | +19.0% | Measurable increase |
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
Is Palisades Park Borough growing?
Palisades Park Borough, NJ had an estimated 20,290 residents in 2020–2024 and 20,604 in 2015–2019, a change of −1.5%: a measurable decrease by the Census Bureau’s test.
How many homes have been added in Palisades Park Borough?
The estimated number of housing units went from 7,781 in 2015–2019 to 7,614 in 2020–2024 (−2.1%), not a measurable change.
How much new construction is there in Palisades Park Borough?
0.7% of homes in Palisades Park Borough were built in 2020 or later and 8.0% between 2010 and 2019.
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
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Palisades Park borough, Bergen County, New Jersey
- Housing Units (B25001), 2015–2019 ACS 5-year estimates — Palisades Park borough, Bergen County, New Jersey
- Selected Housing Characteristics (DP04), 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
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Palisades Park borough, Bergen County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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, B25001_001E, B25001_001M, DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0017PE, DP04_0017PM, DP04_0018PE, DP04_0018PM, DP05_0018E, DP05_0018M
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 .
Related
- Housing in Palisades Park Borough at a glance
- Median rent in Palisades Park Borough
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- Renters and owners in Palisades Park Borough
- Income and affordability in Palisades Park Borough
- Home values in Palisades Park Borough
- Homeowner costs in Palisades Park Borough
- Property taxes in Palisades Park Borough
- Types of homes in Palisades Park Borough
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- Age of homes in Palisades Park Borough
- Vacancy rate in Palisades Park Borough
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- Crime reported to police in Palisades Park Borough
- How long people stay in Palisades Park Borough
- Crowding and facilities in Palisades Park Borough
- Fair Market Rent in Palisades Park Borough
- Local landlord and tenant rules in Palisades Park Borough
- New Jersey landlord and tenant rules
- Housing across Bergen County
- Housing data for every place in New Jersey