Why Live in Palisades Park
Palisades Park, located near the Hudson Palisades cliffs, offers stunning views of New York City and has evolved into a culturally rich borough since its incorporation in 1899. The neighborhood is known for its vibrant Korean community, with Koreatown being the central hub for shopping and dining. International grocery chains like HanNam Mart and local markets such as Good Morning Mart and Organic One Food Market cater to residents, while Broad Avenue is lined with restaurants, bars, and cafes that stay open late, including SoosanghanPocha, a favorite among locals. Palisades Park is well-connected, with bus stops on Broad Avenue providing 24-minute access to New York City, and the Edgewater Ferry Landing two miles east offering water passage to Manhattan. The George Washington Bridge and Lincoln Tunnel also facilitate easy travel to the city, and Newark International Airport is just 14 miles away.
The housing market in Palisades Park features a mix of duplexes, condos, townhouses, and apartments, with older properties and newer homes available. Single-family homes, including Colonial-style, Cape Cods, and split-levels, are less common but still present. Overpeck County Park, an 800-plus acre waterside park, offers scenic views, athletic amenities, and a nearly 5-mile trail, along with kayak launches and an amphitheater for summer concerts and movie screenings. Palisades Interstate Park spans 2,500 acres along New Jersey’s Hudson River coastline, featuring over 30 miles of hiking and ski trails with views of New York City’s skyline. The crime rate in Palisades Park is lower than the national average, contributing to its appeal as a desirable place to live.
Frequently Asked Questions
What is the average home price in Palisades Park, NJ?
Homes for sale in Palisades Park, NJ have an average home price of $940,266.
How many homes have sold over the last 12 months in Palisades Park, NJ?
118 homes have sold in Palisades Park, NJ over the last 12 months.
What are the most popular zip codes in Palisades Park, NJ?
How much do you need to make to afford a house in Palisades Park?
The median home price in Palisades Park is $948,000. If you put a 20% down payment of $189,600 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $4,930 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $211K a year to afford the median home price in Palisades Park.
How are the schools in Palisades Park, NJ?
Home Trends in Palisades Park, NJ
On average, homes in Palisades Park, NJ sell after 80 days on the market compared to the national average of 50 days. The median sale price for homes in Palisades Park, NJ over the last 12 months is $927,500, up 9% from the median home sale price over the previous 12 months.
Median Sale Price
$927,500
Median Single Family Sale Price
$907,500
Median Townhouse Sale Price
$978,000
Median 2 Bedroom Sale Price
$510,000
Median 1 Bedroom Sale Price
$342,000
Average Price Per Sq Ft
$510
Number of Homes for Sale
22
Last 12 months Home Sales
118
Median List Price
$948,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
9%
