Cliffside Park, New Jersey Housing Market Prices
Cliffside Park Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 28% above the New Jersey median$450,000
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Median rent 7% above the New Jersey median$1,837
Housing Market Overview
| Metric | Cliffside Park | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $352,792 | $248,835 |
| Price Trend (Annual %) | 25.1% | 4.4% | 7.5% |
| Median Gross Rent | $1,837 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cliffside Park is about 28% higher than in New Jersey. Rent is about 7% higher than the New Jersey average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Cliffside Park, up about 25.1% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Cliffside Park rose about 47.5% between 2015 and 2024, from $1,245 to $1,837. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Cliffside Park.
Buying the median-priced home in Cliffside Park costs roughly 20.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Cliffside Park. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Cliffside Park | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $352,792 | $248,835 |
| Median Household Income | $93,509 | $103,817 | $80,455 |
| Price-to-Income Ratio | 4.8 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cliffside Park fell about 42.6%, while median household income rose about 32.3% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cliffside Park | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.8% | 59.1% | 58.5% |
| Rental Rate | 46.2% | 33.5% | 31.2% |
| Vacancy Rate | 5.1% | 7.5% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Cliffside Park has a homeownership rate of 48.8%, lower than the New Jersey average of 59.1%. Its housing vacancy rate is 5.1%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Cliffside Park | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1965 | 1968 | 1978 |
| Median Number of Rooms | 4.4 | 5.7 | 5.5 |
The typical housing unit in Cliffside Park was built around 1965. On average, 2.4 people live in a home with about 4.4 rooms, staying for about 15.0 years on average.
Cliffside Park, NJ Housing Compared With Nearby Cities
How Cliffside Park, NJ compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cliffside Park, NJ | 25,703 | $450,000 #1/2 | $1,837 #2/2 | 51.4% #2/2 |
| Fort Lee, NJ | 39,670 | $108,874 | $2,268 | 55.1% |
Frequently Asked Questions
Common questions about the housing market in Cliffside Park, New Jersey.
What is the median home price in Cliffside Park, New Jersey?
The median home price in Cliffside Park, New Jersey is $450,000, higher than the New Jersey average of $352,792.
What is the average home price in Cliffside Park, New Jersey?
The typical home price in Cliffside Park, New Jersey, reported as the median sale price, is $450,000. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Cliffside Park, New Jersey?
The median gross rent in Cliffside Park, New Jersey is $1,837 per month, higher than the New Jersey average of $1,719.
What was the median gross rent in Cliffside Park in 2020?
In 2020, the median gross rent in Cliffside Park, New Jersey was $1,551 per month.
What is the price-to-rent ratio in Cliffside Park, New Jersey?
The price-to-rent ratio in Cliffside Park, New Jersey is about 20.4, meaning it would take roughly 20.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Cliffside Park.
Are home prices or rent rising faster in Cliffside Park, New Jersey?
Both home prices and rent are rising in Cliffside Park, up about 25.1% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cliffside Park, New Jersey?
48.8% of households in Cliffside Park, New Jersey own their home, lower than the New Jersey average of 59.1%.
What is the vacancy rate in Cliffside Park, New Jersey?
The housing vacancy rate in Cliffside Park, New Jersey is 5.1%, lower than the New Jersey average of 7.5%.
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