Cliffside Park, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cliffside Park Neighborhoods Since 2000




Cliffside Park, NJ Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Cliffside Park Housing Market Information

With a population of 24,857, 10,473 total housing units (homes and apartments), and a median house value of $482,803, real estate costs in Cliffside Park are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Large apartment complexes or high rise apartments are the single most common housing type in Cliffside Park, accounting for 47.18% of the borough's housing units. Other types of housing that are prevalent in Cliffside Park include duplexes, homes converted to apartments or other small apartment buildings ( 29.46%), single-family detached homes ( 18.62%), and a few row houses and other attached homes ( 4.73%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.

People in Cliffside Park primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Cliffside Park has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Cliffside Park built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cliffside Park built between 1940-1969 ( 28.00%). A lesser amount of the housing stock also hails from before 1939 ( 27.13%). There's also some housing in Cliffside Park built between 2000 and later ( 6.56%).

Cliffside Park Home Appreciation Rates

Real estate appreciation rates in Cliffside Park's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.71% during the period.

NeighborhoodScout's data show that during the latest twelve months, Cliffside Park's appreciation rate, at 5.29%, has been at or slightly above the national average. In the latest quarter, Cliffside Park's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Cliffside Park's latest annual appreciation rate is higher than 80% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$482,803

Cliffside Park, NJ HOME PRICES

Value Range
> $1,150,000 3.1
$862,001 - $1,150,000 5.0
$575,001 - $862,000 20.1
$460,001 - $575,000 22.0
$345,001 - $460,000 27.6
$230,001 - $345,000 11.7
$115,001 - $230,000 6.1
$57,001 - $115,000 0.8
$0 - $57,000 3.5

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
6.38696824094691 27.6422764227642

Number Of Homes And Apartments:
10,473

Cliffside Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
74.25% 3.27% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,759 / per month

Homeownership Rate

Homeownership
Owners 48.54
Renters 51.46
Vacant 6.18

Housing Market Details

 

Age of Homes

AGE OF Cliffside Park HOMES
2000 or Newer 6.6
1970 - 1999 38.3
1940 - 1969 28.0
1939 or Older 27.1

Types of Homes

TYPE OF Cliffside Park HOMES
Single-Family 18.6
Townhomes 4.7
Small Apt. Buildings 29.5
Apt. Complexes 47.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Cliffside Park HOMES
No Bedroom 3.71
1 Bedroom 24.46
2 Bedrooms 41.86
3 Bedrooms 24.90
4 Bedrooms 4.00
5 or more bedrooms 1.07