What is the rental vacancy rate in Palisades Park Borough, NJ?
The rental vacancy rate in Palisades Park Borough, NJ is 0.0% (±0.9 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 2.9% (±3.1 points).
142 (±112) homes, 1.9% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Palisades Park Borough, the rental vacancy rate went from 2.9% in 2015–2019 to 0.0% in 2020–2024 (−2.9 percentage points), a measurable decrease.
Figures last updated on .
- Rental vacancy rate
- 0.0% (±0.9 points)
- Homeowner vacancy rate
- 2.9% (±3.1 points)
- Vacant homes
- 142 (±112)
Vacancy in Palisades Park Borough against Bergen County, its state and the nation
| Palisades Park Borough | Bergen County | New Jersey | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 0.0% (±0.9 points) | 3.0% (±0.5 points) | 3.5% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 2.9% (±3.1 points) | 0.6% (±0.2 points) | 0.7% (±0.1 points) | 0.9% |
| Vacant housing units | 142 (±112) | 14,486 (±1,042) | 283,653 (±4,943) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Palisades Park Borough, the rental vacancy rate is lower than in Bergen County (3.0%).
It is also lower than in New Jersey (3.5%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near Palisades Park Borough
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Palisades Park Borough | — | 0.0% (±0.9 points) | — |
| Leonia Borough | 1.2 mi | 6.6% (±6.7 points) | Not measurably different |
| Ridgefield Park Village | 1.3 mi | 2.1% (±2.2 points) | Not measurably different |
| Ridgefield Borough | 1.3 mi | 0.5% (±0.8 points) | Not measurably different |
| Fort Lee Borough | 1.4 mi | 5.4% (±2.4 points) | Higher |
| Cliffside Park Borough | 1.8 mi | 2.9% (±3.3 points) | Not measurably different |
| Fairview Borough | 1.8 mi | 2.5% (±2.4 points) | Not measurably different |
| Little Ferry Borough | 2.0 mi | 5.8% (±5.8 points) | Not measurably different |
| Edgewater Borough | 2.0 mi | 9.8% (±5.2 points) | Higher |
Nearby places with a measurably higher figure: Fort Lee Borough, NJ (5.4%), Edgewater Borough, NJ (9.8%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Bergen County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 39 (tie) | New Milford Borough | 0.0% (±1.8 points) |
| 39 (tie) | Northvale Borough | 0.0% (±10.5 points) |
| 39 (tie) | Norwood Borough | 0.0% (±10.4 points) |
| 39 (tie) | Oakland Borough | 0.0% (±13.1 points) |
| 39 (tie) | Old Tappan Borough | 0.0% (±31.4 points) |
| 39 (tie) | Oradell Borough | 0.0% (±16.5 points) |
| 39 (tie) | Palisades Park Borough | 0.0% (±0.9 points) |
| 39 (tie) | Park Ridge Borough | 0.0% (±6.7 points) |
| 39 (tie) | Ramsey Borough | 0.0% (±3.9 points) |
| 39 (tie) | Rochelle Park Township | 0.0% (±8.1 points) |
| 39 (tie) | Rockleigh Borough | 0.0% (±84.6 points) |
| 39 (tie) | Saddle Brook Township | 0.0% (±2.5 points) |
| 39 (tie) | South Hackensack Township | 0.0% (±9.3 points) |
Showing 13 of 70 places in Bergen County, ranked from highest to lowest.
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 it hard to find a rental in Palisades Park Borough?
The rental vacancy rate in Palisades Park Borough, NJ is 0.0% (±0.9 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Palisades Park Borough tighter than it was?
In Palisades Park Borough, the rental vacancy rate went from 2.9% in 2015–2019 to 0.0% in 2020–2024 (−2.9 percentage points), a measurable decrease.
How many homes are vacant in Palisades Park Borough?
An estimated 142 (±112) housing units, 1.9% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 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
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 DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
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
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- 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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- Heating fuel in Palisades Park Borough
- Commute and cars in Palisades Park Borough
- Crime reported to police in Palisades Park Borough
- Population growth 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
- New Jersey places ranked by rental vacancy rate
- Housing data for every place in New Jersey