Fort Lee 07024

Bergen County, NJ · 10,273 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

43affordability /100

Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
34.3%
stretched
Days on market
104
daily
Price cuts
13.5%
of active
Valuation
-28.4%
vs assessor
Look up an address
56
/100
mixed
hot · balanced · prices rising year-over-year.

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

49/ 100SellerBalancedBuyer
Balanced Market
Needs 12.5% correction for affordability
DOM: 110d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)50
Valuation Gap (25%)10
Supply & Demand (20%)100
Buy vs Rent (15%)25
Cancellation Rate (10%)50
Days on Market (5%)100

Balanced market in 07024. List price is roughly fair — focus on condition and value. Payment burden: 34.3% of median income. Median days on market: 110. Renting is approximately 17% cheaper than buying (price-to-rent ratio: 14.0).

Balanced market conditions. Prices roughly aligned with fundamentals — similar to stable periods in 2014-2015.
HOTBALANCED

Market is running hot with fast-moving inventory. Conditions are balanced between buyers and sellers. Prices up 6.1% YoY.

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Market snapshoteach number, once

Median price
$597,445
▴ 6.1% YoY
Days on market
104
daily · zip_data
Median rent
$3,564
ZORI
Investor score
87/100
cash-flow lens
Active listings
250
90-day

Valuation3 lenses, different anchors

vs assessor
-28.4%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$427,600
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+61.3%
County-wide market — the widest, slowest signal.
Bergen+61.3%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft
Price-to-income5.7×

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How 07024 ranks in NJ
percentile vs all NJ ZIPs
Comparative ranking not available for this ZIP.

Affordability, supply & momentum

8SUPPLY
OversuppliedSupply Tightness

Ample inventory — buyers have time and leverage to negotiate.

Months of Supply22.4 mo
Days on Market104d
Inv vs History+15.2%
Listing Density--
Market dynamics
Price cut %13.5%
Momentumhot
LeverageBALANCED
Months of supply22.4
Sales (90d)0
Investment analysis
Median rent$3,564
Price-to-rent14.0
Est. cap rate4.7%
Buy vs rentfavors buying

Livability

Walk score14
Transit score55
Bike score

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Bergen County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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