Home Values

Cliffside Park Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$411,200

  • 12.6% 1-year change
  • 4.2% 1-year forecast

The median home value in Cliffside Park is $411,200. Cliffside Park home values have gone up 12.6% over the past year and Zillow predicts they will rise 4.2% within the next year. The median list price per square foot in Cliffside Park is $278, which is higher than the New York Metro average of $251. The median price of homes currently listed in Cliffside Park is $429,000 while the median price of homes that sold is $362,500. The median rent price in Cliffside Park is $2,375, which is higher than the New York Metro median of $2,350.

Foreclosures will be a factor impacting home values in the next several years. In Cliffside Park 0.8 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 1.5 and also lower than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Cliffside Park is 14.0%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Cliffside Park homeowners underwater on their mortgage is 17.6%, which is higher than New York Metro at 13.6%.

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Relative ZHVI
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Cliffside Park Market Overview

Data through Nov 30, 2014
  • $411,200 ZHVI
  • 4.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $429,000 Median listing price
  • $362,500 Median sale price
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Cliffside Park Market Health

Data through Nov 30, 2014
  • 5.9/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 17.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 14.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

0.8 homes(Sep 30, 2014) Cliffside Park
1.5 homes New York Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Palisades Park $544,200
Fort Lee $509,700
Edgewater $475,400
Name Median ZHVI
Leonia $468,100
Ridgefield $431,000
Fairview $327,100
Name Median ZHVI
West New York $316,900
Ridgefield Park $312,000
Guttenberg $262,400

Listings & Sales

Data through Nov 30, 2014
  • $278 Median list price / sq ft
  • $260 Median sale price / sq ft
  • No data Listings with price cut
20.7%
Sold below listing
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Cliffside Park Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $2,713 Cliffside Park
    $2,329 New York Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,375 Rent list price
  • $1.82 Rent list price / sq ft
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