Rent to own Homes in Palisades Park, NJ
Located in Bergen County, Palisades Park is home to nearly 20,000 people. The borough, consisting of a little over a square mile, is positioned in northern New Jersey above a formation of cliffs called The Palisades. Palisades Park formed in 1899, when it officially separated from Ridgefield Township. Since that early beginning, it has provided a home to several notable people, including Barbara McClean, award-winning film director, and politician John. J. Dickerson.
Palisades Park, NJ is a great place for affordable rent-to-own homes! With a median household income of over $79,063 and a median rent of $1,638, the Palisades Park, NJ rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Palisades Park, NJ. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Palisades Park, NJ Property Resources
Rent to own Homes in Cities Near Palisades Park, NJ
- Airmont
- Atlantic Beach
- Bardonia
- Bellerose Terrace
- Bogota
- Carteret
- Cedarhurst
- Chestnut Ridge
- Congers
- East Garden City
- East Rockaway
- Elizabeth
- Flower Hill
- Glen Head
- Grand View-on-Hudson
- Great Neck Estates
- Harrison
- Herricks
- Hewlett Harbor
- Hillcrest
- Kearny
- Lake Success
- Lawrence
- Locust Valley
- Malverne
- Manhasset Hills
- Nanuet
- New Square
- North Caldwell
- North Haledon
- North Lynbrook
- Orangeburg
- Paterson
- Pearl River
- Piermont
- Port Reading
- Preakness
- Roslyn Heights
- South Floral Park
- South Hempstead
- South Valley Stream
- Sparkill
- Spring Valley
- Tappan
- Thomaston
- Wesley Hills
- Westwood
- William Paterson University Of New Jersey
- Williston Park
- Wyckoff
Neighborhoods in Palisades Park, NJ
Palisades Park rent to own homesPopular Zip Codes in Palisades Park, NJ
07650 rent to own homesBuying a Home in Palisades Park, NJ
Palisades Park, NJ is seeing rapid growth and Palisades Park, NJ's' housing market remains not optimal with an average home price that is 166% above the 2024 national average. Palisades Park, NJ is part of Bergen county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Bergen is 1.76% which is above the national average, which is 0.99%.
Median Home Price in Palisades Park, NJ
Median Rent in Palisades Park, NJ
7 Reasons to Live in Palisades Park, NJ
Highly valued property! As of November 2014, the median home value for Palisades Park is $540,500. The median sale price for homes in the borough is $418,462. The median list price per square foot hovers around $282. Check out 4th St / E Central Blvd and Bergen Blvd / 10th St, which are two of the most in-demand parts of the borough.
Rental options! Median rents in Palisades Park hover around $1399 a month, which is about 21 percent higher than the state-wide median, meaning that Palisades Park is a desirable spot to live. Borough Center is one place to look for deals, and the area has a selection of single-family rental houses, rent to own homes and apartments. Route 5 / Grantwood Blvd offers rents around $1309 for its apartment complexes and high-rises.
Many grocery choices! Palisades Park has several neighborhood grocery stores to choose from, including Hannam Chain and Enzo's Market. For bread, there's Paris Baguette, and the bagels are always fresh at Bergen Boulevard Bagels.
Great places to dine out! Finding a place to eat out is never a problem in Palisades Park. The community offers many restaurants, including Tospia, which serves fast food. For sit-down meals, some local favorites include Medon Madrid Restaurant, Son Ja Jang Restaurant and Franco's Metro.
Shop until you drop! Palisades Center is a popular place for locals to take the whole household. Not only does the mall offer a slew of retail shops, but it's also home to a selection of restaurants. Baby Molly Mall and Oak Tree Center are also popular shopping destinations in the area.
Entertainment every day of the week! There are many entertainment choices within minutes of any Palisades Park neighborhood. Among them are the Art Arena gallery, the Park Lane Theater and the Palisades Amusement Park.
Many parks! Each Palisades Park community is within a short walk or drive of a park. Popular among them are Willis Park and William Birch Park.