Woodcliff Lake, NJ

Population: 5,870
Average annual home appreciation rate: 4.09%
Total of homes for sale in this market: 57
Median home price: $745,513
Median Rent: $2,112
Home price range: 29% of homes are between $771,001- $1,028,000
Median sales price: $754,500
Number of homes: 28
Median foreclosure sales price: Still Gathering Data
Foreclosure discount: Still Gathering Data
Most common home type: 96.2% of homes are Single Family Homes
Number of vacant homes: 3.43%
Number of renters: 9.75%
Number of owner occupied: 86.63%
Number people living below poverty level: Still Gathering Data
Unemployment rate: 4.2%
Is this area perfect for real estate deals going on right now? Due to the overall home prices in Woodcliff, there isn’t much movement as far as numbers of homes sold in a year… But there is a solid appreciation, and it is increasing at a good positive rate for anyone who is holding properties in this market.

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