The story of this market
The typical home in ZIP 07024 sells for about $380,000, or $385 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $2,273 a month.
ZIP 07024 — Fort Lee
The Fort Lee housing market remains stable, driven by its high demand as a commuter-friendly suburb of New York City. While inventory is constrained, the market shows consistent activity with moderate price appreciation. Buyers are primarily attracted by the proximity to Manhattan and the availability of high-density residential options.
This ZIP is ideal for NYC commuters, young professionals, and downsizers who prioritize proximity to Manhattan, high-density urban amenities, and access to public transit.
Median prices moved up 2.5% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.9% · poverty 7.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 1.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 07024, Bergen County NJ
Fort Lee generally reports crime rates lower than the national average, with property crime being the primary concern in this densely populated suburban environment.
The Fort Lee School District is well-regarded, with schools consistently performing at or above state averages in academic proficiency.
The area faces standard regional risks including potential for heavy precipitation and wind events, with flood insurance recommended for properties in low-lying areas near the Hudson River.
Economic momentum is driven by its proximity to New York City and major corporate presence in Bergen County, with ongoing high-density residential redevelopment projects.
Property taxes are assessed at the municipal and county levels in New Jersey, which maintains one of the highest effective property tax rates in the United States.
Residents benefit from immediate access to the George Washington Bridge, providing a direct transit and driving corridor into Manhattan.
The area features significant green space at Fort Lee Historic Park and Palisades Interstate Park, alongside extensive retail and dining options along Main Street and Lemoine Avenue.
The rental market is highly active due to the area's status as a commuter hub, with high demand for luxury high-rise apartments and consistent vacancy pressure.
The economy is anchored by professional services, retail, and its role as a residential base for the New York City metropolitan labor market.
The area is served by major highway corridors including I-95 and the George Washington Bridge, with extensive NJ Transit bus service to Manhattan.
Ongoing development focuses on high-density residential infill and mixed-use projects near the borough's commercial corridors.
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Parcels are subject to municipal, county, and school district taxes, with no significant MUD/PID structures common in this region.
Property insurance premiums are influenced by regional hazard exposure, including wind and flood risks associated with the Hudson River waterfront.
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Data retrieved from US Census Bureau ZCTA profiles and local municipal reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- American Dream4.56.3 mi
- DreamWorks Water Park4.36.4 mi
- Nickelodeon Universe Theme Park4.56.5 mi
- Color Factory NYC4.49.3 mi
- Area 53 - Adventure Park4.510.2 mi
- American Dream4.56.3 mi
- MetLife Stadium4.56.4 mi
- Madison Square Garden4.77.5 mi
- Yankee Stadium4.72.8 mi
- Barclays Center4.512 mi
- Times Square4.76.9 mi
- The Metropolitan Museum of Art4.85.3 mi
- Rockefeller Center4.76.8 mi
- Central Park4.85.1 mi
- Brooklyn Bridge4.810.5 mi
- The Metropolitan Museum of Art4.85.3 mi
- Rockefeller Center4.76.8 mi
- Empire State Building4.77.5 mi
- The Museum of Modern Art4.66.6 mi
- American Museum of Natural History4.65.2 mi
- Central Park4.85.1 mi
- 9/11 Memorial & Museum4.810.3 mi
- Bryant Park4.77.2 mi
- The High Line4.77.8 mi
- The Battery4.610.9 mi
- Pier 13 Hoboken4.57.8 mi
- Pier 814.56.8 mi
- New York Yacht Club4.77 mi
- Sail Central Park- Model Boat Sailing4.65.7 mi
- Pier 64 at Hudson River Park4.87.6 mi
- Van Cortlandt Park Golf Course4.34.4 mi
- 21 Golf Range Powered by Toptracer4.52.3 mi
- Pelham Bay and Split Rock Golf Courses3.78.3 mi
- Puttery4.78.2 mi
- Forest Park Golf Course412.1 mi
- American Dream4.56.3 mi
- Chelsea Market4.68.1 mi
- Macy's4.47.4 mi
- Hudson Yards4.77.3 mi
- Queens Center4.49.8 mi
- Newark Liberty International Airport3.716 mi
- LaGuardia Airport4.17.3 mi
- Westchester County Airport419.9 mi
- Teterboro Airport4.45 mi
- Republic Airport4.530.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features scenic views of the Hudson River and historical exhibits.
Extensive hiking trails and nature preserves along the cliffs.
Central hub for local restaurants, cafes, and retail services.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.