What is the median home value in Park Ridge Borough, NJ?
The median value of owner-occupied homes in Park Ridge Borough, NJ is $706,200 (±$34,343), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Park Ridge Borough, the median home value went from $588,900 in 2015–2019 to $706,200 in 2020–2024 (+19.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median home value
- $706,200 (±$34,343)
- Owner-occupied homes
- 2,655 (±205)
- Most common range
- $500,000 to $999,999
Home values in Park Ridge Borough
| Value | Park Ridge Borough | Bergen County | New Jersey | United States |
|---|---|---|---|---|
| Less than $50,000 | 1.0% (±1.6 points) | 1.9% | 2.5% | 5.3% |
| $50,000 to $99,999 | 1.4% (±1.3 points) | 1.2% | 1.8% | 6.1% |
| $100,000 to $149,999 | 0.7% (±0.8 points) | 0.8% | 2.2% | 6.8% |
| $150,000 to $199,999 | 0.0% (±1.7 points) | 1.2% | 4.3% | 9.0% |
| $200,000 to $299,999 | 2.6% (±2.3 points) | 3.7% | 12.9% | 17.8% |
| $300,000 to $499,999 | 8.2% (±3.3 points) | 24.0% | 34.2% | 26.9% |
| $500,000 to $999,999 | 68.1% (±7.5 points) | 53.3% | 34.5% | 20.9% |
| $1,000,000 or more | 18.0% (±6.3 points) | 14.0% | 7.6% | 7.1% |
The most common range is $500,000 to $999,999, 68.1% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Park Ridge Borough against Bergen County, its state and the nation
| Park Ridge Borough | Bergen County | New Jersey | United States | |
|---|---|---|---|---|
| Median home value | $706,200 (±$34,343) | $623,000 (±$4,306) | $454,400 (±$1,150) | $332,700 |
| Owner-occupied homes | 2,655 (±205) | 232,025 (±2,535) | 2,239,128 (±10,678) | 84,210,142 |
In Park Ridge Borough, the median home value is higher than in Bergen County ($623,000).
It is also higher than in New Jersey ($454,400).
It is higher than the national figure ($332,700).
In Bergen County, Park Ridge Borough ranks 27 of 69 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 111 of 561.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Park Ridge Borough have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $588,900 (±$21,045) | $706,200 (±$34,343) | +19.9% | 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.
Median home value in places near Park Ridge Borough
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Park Ridge Borough | — | $706,200 (±$34,343) | — |
| Woodcliff Lake Borough | 1.1 mi | $946,400 (±$58,832) | Higher |
| Montvale Borough | 1.3 mi | $709,700 (±$46,760) | Not measurably different |
| Hillsdale Borough | 2.0 mi | $677,500 (±$24,950) | Not measurably different |
| River Vale Township | 2.5 mi | $775,000 (±$38,197) | Higher |
| Pearl River | 2.6 mi | $608,200 (±$18,640) | Lower |
| Saddle River Borough | 2.7 mi | $2,000,000 or more | — |
| Old Tappan Borough | 3.3 mi | $951,300 (±$72,439) | Higher |
| Westwood Borough | 3.3 mi | $606,400 (±$27,715) | Lower |
Nearby places with a measurably lower figure: Pearl River, NY ($608,200), Westwood Borough, NJ ($606,400).
Nearby places with a measurably higher figure: Woodcliff Lake Borough, NJ ($946,400), River Vale Township, NJ ($775,000), Old Tappan Borough, NJ ($951,300).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Bergen County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 21 | River Vale Township | $775,000 (±$38,197) |
| 22 | Oradell Borough | $737,800 (±$42,100) |
| 23 | Palisades Park Borough | $719,600 (±$61,173) |
| 24 | Edgewater Borough | $715,700 (±$69,942) |
| 25 | Montvale Borough | $709,700 (±$46,760) |
| 26 | Norwood Borough | $709,100 (±$61,673) |
| 27 | Park Ridge Borough | $706,200 (±$34,343) |
| 28 | Ramsey Borough | $697,300 (±$30,899) |
| 29 | Hillsdale Borough | $677,500 (±$24,950) |
| 30 | Leonia Borough | $672,900 (±$27,997) |
| 31 | Washington Township (Bergen County) | $664,000 (±$19,857) |
| 32 | River Edge Borough | $660,300 (±$23,030) |
| 33 | Ridgefield Borough | $646,200 (±$42,161) |
Showing 13 of 69 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 Park Ridge Borough
What is the average home value in Park Ridge Borough, NJ?
The Census Bureau publishes the median: $706,200 (±$34,343) for owner-occupied homes in Park Ridge Borough (2020–2024 American Community Survey).
Have home values in Park Ridge Borough gone up?
In Park Ridge Borough, the median home value went from $588,900 in 2015–2019 to $706,200 in 2020–2024 (+19.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Is this what homes in Park Ridge Borough sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Park Ridge borough, Bergen County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Park Ridge borough, Bergen County, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Park Ridge borough, Bergen County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Park Ridge 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 Park Ridge borough, Bergen County, New Jersey (county subdivision:56130, 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 B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
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 .
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