There are currently 1,947 real estate properties in Woodcliff Lake, NJ, with a median automated valuation model (AVM) price of $1,027,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Woodcliff Lake, NJ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Woodcliff Lake, NJ, is $1,103,610.00, with the most expensive house in Woodcliff Lake, NJ, topping out at $4,271,680.00 and the cheapest home in Woodcliff Lake, NJ, clocking in at $286,505.00. In other words, there’s something for every potential homebuyer or savvy investor in Woodcliff Lake, NJ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Woodcliff Lake, NJ, is on a rollercoaster ride. The average rent price in Woodcliff Lake, NJ, is $3,497.00. Indeed, when looking to rent in Woodcliff Lake, NJ, you can expect to pay as little as $2,020.00 or as much as $5,900.00, with the average rent median estimated to be $3,450.00. The good news is that finding an affordable and desirable property to rent in Woodcliff Lake, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Woodcliff Lake is located in Bergen, New Jersey, with an estimated municipal population of 5,839 residents. All of the best foreclosed homes for sale in Woodcliff Lake are located in the following zip code areas on Foreclosure.com: 07677. The estimated population per square kilometer (.62 miles) in Woodcliff Lake is 667.
So, about how much do homes cost in Woodcliff Lake? The most recent median value of resident-owned homes in Woodcliff Lake is 811,583. An estimated 88.9 percent of households in Woodcliff Lake own their homes, with an average family size of 3.29. The median household income in Woodcliff Lake is 171,103, with73.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Woodcliff Lake, the median commute time of resident workers (in minutes) is 33.1. And last, but certainly not least, are you looking for homes to rent in Woodcliff Lake? If so, the average rent price paid by renters in Woodcliff Lake is 2,069, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Woodcliff Lake, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Woodcliff Lake is 45.4, split between 45.1 percent male versus 54.9 female. The percentage of residents who report being married in Woodcliff Lake is 63.8, with an average family size of 3.29.
The percentage of residents who report their race in Woodcliff Lake is as follows:
White | 91.1% |
Black / African American | 3.1% |
Asian | 3.5% |
American Indian / Alaskan Native | 0.2% |
Native Hawaiian / Other Pacifc Islander | 0% |
Multi-racial | 1.3% |
Other | 0.8% |
Looking for family-friendly neighborhoods in and/or near Woodcliff Lake? Or maybe you are searching for 55+ active adult communities in and/or near Woodcliff Lake?
The percentage of residents who report their age in Woodcliff Lake is as follows:
Under 10 | 12.1% |
Aged 10-19 | 14.9% |
20s | 9.9% |
30s | 5.8% |
40s | 14.9% |
50s | 17.9% |
60s | 12.5% |
70s | 6.5% |
80+ | 5.3% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Woodcliff Lake with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Woodcliff Lake.
How do you know that living in -- or moving to -- Woodcliff Lake is right where you need to be? Perhaps you grew up in Woodcliff Lake or already live nearby; therefore, the decision to buy a home in Woodcliff Lake is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Woodcliff Lake for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Woodcliff Lake:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Woodcliff Lake.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Woodcliff Lake can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Woodcliff Lake, meanwhile, can field multiple offers from more qualified buyers.
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