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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 25,560, 10,526 total housing units (homes and apartments), and a median house value of $677,100, 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 41.71% 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 ( 29.01%), single-family detached homes ( 17.72%), and a few row houses and other attached homes ( 11.38%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which 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 before 1939 ( 26.99%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.79%). There's also some housing in Cliffside Park built between 2000 and later ( 15.56%).
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 6.00% during the period.
Appreciation rates are so strong in Cliffside Park that despite a nationwide downturn in the housing market, Cliffside Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cliffside Park appreciation rates continue to be some of the highest in America, at 8.53%, which is higher than appreciation rates in 75.99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cliffside Park. Cliffside Park appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New Jersey, our data show that Cliffside Park's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.
One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Cliffside Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cliffside Park - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Cliffside Park real estate investment or home purchase decisions.
$677,100
for New jersey
for nation
10,526
$3,385 / per month