Woodcliff Lake New Jersey Area Home Supply Charts

This page looks at a variety of Woodcliff Lake New Jersey housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Woodcliff Lake shows it has a Housing Units of 2,110 which is less than most other places in the greater region.

Figure 2 illustrates the housing density in the Woodcliff Lake housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Woodcliff Lake shows it has a Housing Density of 617.2 which is the second smallest when sorted by housing density of all the other places in the metropolitan area. The city with the highest housing density in the area is Westwood which depicts a density of 2035.8 (approximately 3.3 times bigger). Comparing housing density to the United States average of 39.5, Woodcliff Lake is markedly bigger. Also, compared to the state of New Jersey, housing density of 508.3, Woodcliff Lake is 21.4% larger.

In Figure 4, Woodcliff Lake area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Woodcliff Lake shows it has a Housing Unit Change of 6.6% which is the third most housing units of all other places in the greater Woodcliff Lake region. The city with the highest change in the housing units in the area is Ho-Ho-Kus which depicts a housing units of 11.0% (67.7% larger). Comparing change in the housing units to the United States average of 7.4%, Woodcliff Lake is about 12.5% smaller. Also, versus the state of New Jersey, change in the housing units of 5.2%, Woodcliff Lake is 26.3% larger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Woodcliff Lake shows it has a Renter Percent of 9.6% which is the second smallest in order of renter percent of all the other places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 90.4% which is the second most owner percent of all the places in the greater Woodcliff Lake region.

Woodcliff Lake New Jersey Home Cost Charts

Looking at the housing data provided in Figure 7, the average Woodcliff Lake home price is illustrated for this community and a useful analysis of affordable housing. Woodcliff Lake depicts it has a Median Home Value of $845,900 which is the second most of all the places in the metro area. The city with the highest median home price in the area is Saddle River which shows a home price of $1,940,600 (approximately 2.3 times bigger).

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Woodcliff Lake has the smallest proportion of home price worth between $100,000 to $200,000 at 0% of the total. Second, it has one of the largest proportions of home price worth between $500,000 to $750,000 at 29% of the total and is ranked #2. The only larger city being Ho-Ho-Kus with 31%. Third, it has the largest proportion of home price worth between $750,000 to $1,000,000 at 22% of the total and is ranked #1. Also, it has the largest proportion of home price worth between $1,000,000 to $1,500,000 at 22% of the total and is ranked #1. In addition, it has the largest proportion of home price worth between $1,500,000 to $2,000,000 at 22% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Woodcliff Lake shows it has a Median Owner Cost of $3,459 which is the third most of all other places in the greater region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Woodcliff Lake metro area. it has a Owner Cost as % of HH Income of 21% which is the third most cost as a percent of household income of all other places in the greater Woodcliff Lake region.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Woodcliff Lake depicts it has a Median Home Value as Percent of Median Earnings of 681% which is the second most median home value as a percent of median worker earnings of all the places in the greater Woodcliff Lake region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Woodcliff Lake depicts it has a Median Owner Costs-With Mortgage of $4,001 which is at the top of all other places in the greater Woodcliff Lake region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $1,501 which is the most of all places in the greater Woodcliff Lake region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Woodcliff Lake has the smallest proportion of owner cost between $700 and $1,000 at 10% of the total. Second, it has one of the largest proportions of owner cost between $3,500 and $4,000 at 35% of the total and is ranked #2. The only larger city being Ho-Ho-Kus with 45%.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Woodcliff Lake depicts it has a % of Income Owner Costs-With Mortgage of 23% which is the second most cost as a percent of household income of all the places in the greater Woodcliff Lake region. The city with the highest cost as a percent of household income in the area is Park Ridge which depicts a cost as a percent of household income of 24% ( about the same size). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Woodcliff Lake depicts it has a % of Income Owner Costs-No Mortgage of 16% which is the second most of all the places in the local area. The city with the highest cost as a percent of household income in the area is Westwood which depicts a cost as a percent of household income of 16% ( only slightly larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Woodcliff Lake has the largest proportion of rent as a percent of income is between 20pct to 30pct at 30% of the total and is ranked #1. Second, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 42% of the total and is ranked #2. The only larger city being Saddle River with 51%.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $10,001 which is the highest of all places in the local area. Comparing median real estate taxes paid to the United States average of $2,690, Woodcliff Lake is approximately 3.7 times bigger. Also, compared with the state of New Jersey, median real estate taxes paid of $8,797, Woodcliff Lake is 13.7% larger.

Figure 22 shows the percentage of renters who pay for utilities in Woodcliff Lake New Jersey. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Woodcliff Lake has one of the largest proportions of pay extra for utilities at 25% of the total and is ranked #3. Only #2 Park Ridge (30%), and #1 Saddle River (51%) are larger.

Figure 23 shows the rental rate distribution for this area. Woodcliff Lake New Jersey has the largest proportion of rent less than 300 dollars at 6% of the total and is ranked #1. Second, it has one of the largest proportions of rent between 750 and 1000 dollars at 27% of the total and is ranked #2. The only larger city being Hillsdale with 33%. Third, it has in the center range of other places in the surrounding region as measured by rent between $1,500 and $2,500 at 10% of the total. Also, it has one of the largest proportions of rent between $2,500 and $3,500 at 29% of the total and is ranked #2. The only larger city being Saddle River with 34%.

Woodcliff Lake New Jersey Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Woodcliff Lake has the percentage of With mortgage the second smallest when sorted by With Mortgage of all the other places in the local area at 44% of the total. Second, it has the largest proportion of Mortgage and 2nd Mortgage at 3% of the total and is ranked #1. Third, it has one of the largest proportions of With HELOC no Primary Mortgage at 41% of the total and is ranked #3. Only #2 Park Ridge (42%), and #1 Saddle River (51%) are larger.

Woodcliff Lake New Jersey Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.3 which is the second most family members per housing unit of all the places in the greater Woodcliff Lake region. The city with the highest family members per housing unit in the area is Hillsdale which depicts a family members per housing unit of 3.3 ( about the same size). Comparing family members per housing unit to the United States average of 3.3, Woodcliff Lake is about the same size. Also, compared to the state of New Jersey, family members per housing unit of 3.3, Woodcliff Lake is about the same size.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 10.0 which is at the top of all other places in the greater Woodcliff Lake region. Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1969 which is the second most year built of all the places in the greater Woodcliff Lake region. The city with the highest year built in the area is Saddle River which shows a year built of 1986 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built in 2020 or later at 7% of the total and is ranked #3. Only #2 Montvale (9%), and #1 Saddle River (9%) are larger. Second, it has the largest proportion of homes built between 2010 to 2019 at 13% of the total and is ranked #1. Third, it has one of the largest proportions of homes built between 1970 to 1979 at 24% of the total and is ranked #2. The only larger city being Montvale with 25%. Also, it has less than most other places in the greater region when ranked by homes built between 1960 to 1969 at 17% of the total. In addition, it has the smallest proportion of homes built between 1940 to 1949 at 7% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units less than most other places in the local area at 195 of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2020 or later at $857,100 of the total and is ranked #3. Only #2 Montvale ($916,000), and #1 Park Ridge ($965,600) are larger. Second, it has one of the largest proportions of value of homes built 2010 to 2019 at $1,563,800 of the total and is ranked #3. Only #2 Ho-Ho-Kus ($1,569,400), and #1 Saddle River ($2,000,001) are larger. Third, it has one of the largest proportions of value of homes built 2000 to 2009 at $882,200 of the total and is ranked #2. The only larger city being Saddle River with $1,666,700. Also, it has one of the largest proportions of value of homes built 1990 to 1999 at $951,900 of the total and is ranked #2. The only larger city being Saddle River with $2,000,001. In addition, it has one of the largest proportions of value of homes built 1980 to 1989 at $846,100 of the total and is ranked #3. Only #2 Ho-Ho-Kus ($910,700), and #1 Saddle River ($2,000,001) are larger. Furthermore, it has one of the largest proportions of value of homes built 1970 to 1979 at $846,300 of the total and is ranked #3. Only #2 Ho-Ho-Kus ($910,000), and #1 Saddle River ($1,581,300) are larger. Next it has one of the largest proportions of value of homes built 1960 to 1969 at $656,100 of the total and is ranked #3. Only #2 Ho-Ho-Kus ($777,200), and #1 Saddle River ($1,355,600) are larger. Additionally, it has one of the largest proportions of value of homes built 1950 to 1959 at $632,700 of the total and is ranked #2. The only larger city being Ho-Ho-Kus with $682,500. And then, it has less than most other places in the local area when sorted by value of homes built 1940 to 1949 at $537,300 of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Woodcliff Lake residents. it has a Owner-Household Size of 3.1 which is ranked #1 of all places in the metro area.

Figure 37 shows the household size for renters. Woodcliff Lake depicts it has a Renter-Household Size of 1.6 which is less than most other places in the greater region. The city with the highest renter household size in the area is Montvale which depicts a renter household sizes of 2.4 (49.7% larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2019 or later in the middle range of other places in the metro area at 18% of the total. Second, it has less than most other places in the area in terms of owners moved in 2015 to 2018 at 17% of the total. Third, it has the largest proportion of owners moved in 2010 to 2014 at 37% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Woodcliff Lake has the largest proportion of renters moved in 2000 to 2009 at 16% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2005 which is in the middle range of other places in the surrounding region. Figure 41 compares the median year that renters moved into their home. Woodcliff Lake shows it has a Renter Median Year Moved In of 2018 which is the largest of all places in the greater Woodcliff Lake region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the smallest proportion of home using electricity at 1% of the total. Second, it has the largest proportion of homes using coal or coke at 0% of the total and is ranked #1.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Woodcliff Lake housing department, New Jersey department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Woodcliff Lake depicts it has a Total In Group Quarters of 98 which is the second most of all the places in the local area.