While New Jersey has its share of reasonably priced homes, you might find these five communities to be budget-breakers. Here are the top five most expensive towns in New Jersey, based on research by Home Snacks, which combines recent data from the Census, FBI, OpenStreetMaps, and dozens of other sources to rank cities, towns, and neighborhoods through the United States.
Englewood Cliffs is a borough in Bergen County, one of the northernmost counties in New Jersey. With a population of just over 5,000, residents have a median income of $145,729 and the median home value is $1,041,200 for 2020.
Palisades Park is also a borough in Bergen County, but with a larger population of roughly 20,000. Residents here have a median income of $64,684 and the median home value is $525,600 for 2020, half of Englewood Cliffs.
Another borough of Bergen County makes the list. Ridgefield has about 11,000 residents. The median income in Ridgefield is $67,500 and the median home value is $436,200 for 2020, almost $100,000 less than Palisades Park.
Asbury Park is a city in Monmouth County, located near along the Atlantic coastline in the middle of New Jersey. With a population of roughly 16,000, residents have a median income of $41,336 and the median home value is $346,300 for 2020, far lower than the boroughs in Bergen County.
Located along the Hudson River, Edgewater is another Bergen County borough with about 11,000 residents. The median income $107,143 and the median home value is $563,800 for 2020, much higher than Ridgefield and Asbury Park.
Need help finding the perfect home within your budget? Rely on the local expertise of BHHS Fox & Roach real estate professionals to pinpoint the ideal community for you and your family. Contact us to start your home search.