Market Overview
Home Prices in Palisades Park, NJ
The median home value in Palisades Park, NJ is $997,727 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.8% compared to a year ago and up 6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Palisades Park are priced143% above average. Palisades Park is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Palisades Park home values have risen by approximately39.9%, reflecting strong long-term appreciation in this market.
Price History
Palisades Park Home Price Trend
City Comparison
Palisades Park vs. National Median
At $997,727, homes in Palisades Park cost 143% above the national median of $410,000. Buyers in Palisades Park should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Palisades Park?
20% Down Payment
$199,545
on $997,727
Monthly P&I
$5,204/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,609/mo
incl. taxes & insurance
Income Needed
$264,360
gross annual (30% rule)
10% Down Option
$99,773
+ PMI applies
Loan Amount (20% dn)
$798,182
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Palisades Park, NJ?
The median home value in Palisades Park is $997,727 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.8% year-over-year.
How much have home prices changed in Palisades Park?
Over the past year, home values in Palisades Park have increased by 8.8%. Over five years, prices have risen approximately 39.9%.
How much do I need to earn to buy a home in Palisades Park?
To comfortably afford the median home price of $997,727 with a 20% down payment ($199,545) at today's rates (6.8%), you'd need a gross annual income of approximately $264,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Palisades Park compare to the national average home price?
The national median home value is approximately $410,000. At $997,727, homes in Palisades Park are 143% above the national average.
What metro area is Palisades Park part of?
Palisades Park is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.