Zip Code 07047

North Bergen, NJ • Hudson County

Real Estate Market Analysis

Q3 2025 Report

$2,128,100 (Zestimate for luxury condo at 8701 Churchill Rd #1401); typical home values in NJ: $569,314

Median Home Value

62,000 (North Bergen)

Population

$66,000

Median Income

B (Niche, 2025)

School District Rating

Market Statistics

Property Values

$2,128,100 (Zestimate for luxury condo at 8701 Churchill Rd #1401); typical home values in NJ: $569,314

Median Home Value

Estimated $3,000–$4,000/mo for luxury units; local average varies by building and amenities

Median Rent

$1,104/sqft (luxury condo); area average for condos $700–$1,100/sqft

Price per Sq Ft

Market Performance

Home Appreciation4.6% statewide (NJ) over past year; luxury segment in North Bergen outpaces state average

Market VelocityLuxury condos spend 13–30 days on market; NJ average 16 days[3][4]

Foreclosure RateLow; Hudson County below NJ average in 2025

Area Information

Area Size5.6 sq mi

CountyHudson

Primary CityNorth Bergen

Housing Profile

Housing Statistics

Total Housing UnitsApprox. 24,000 (North Bergen)

Owner Occupied36%

Rental Properties64%

Vacant Units5–7%

New ConstructionActive, especially luxury condos along waterfront (e.g., Solaia at 8701 Churchill Rd)[5]

Housing Types

Luxury condominiumsMid-rise apartmentsSingle-family homesTownhouses

Demographics

62,000 (North Bergen)

Population

Median Age

$66,000

Median Income

94%

Employment Rate

High school: 80%; Bachelor's or higher: 28%

Education Levels

Mix of families, young professionals, and retirees; 30% households with children

Family Composition

Education Quality

School District Performance

B (Niche, 2025)

District Rating

School DistrictNorth Bergen School District

Test ScoresSlightly below NJ average; improving trend

Graduation Rates88%

Schools in Area

North Bergen High School
Horace Mann Elementary
Robert Fulton School

Economic Factors

Employment & Business

Job GrowthSteady, driven by healthcare, logistics, and proximity to NYC

Unemployment Rate6.1% (Hudson County, 2025)

Business EnvironmentVibrant, with new retail and service businesses opening

Commercial ActivityStrong along Bergenline Ave and waterfront

Major Employers

Hackensack Meridian Health
Hudson County government
Retail and logistics centers
NYC-based commuters

Infrastructure & Quality of Life

Infrastructure

Transportation Access

• NJ Transit buses
• Hudson-Bergen Light Rail (nearby)
• Easy access to Lincoln Tunnel and major highways

Utilities & Services

• PSE&G (electric/gas)
• SUEZ Water
• Municipal waste/recycling

Quality of Life

Safety & Environment

Moderate; lower than Jersey City, higher than NJ average; luxury buildings offer enhanced security

Good air quality; some traffic congestion near major arteries

Healthcare Access

• Hackensack Meridian Palisades Medical Center
• Urgent care clinics

Development Trends

Planned Developments

Solaia luxury condos at 8701 Churchill Rd
Mixed-use waterfront projects

Infrastructure Projects

• Roadway upgrades near waterfront
• Expanded green space initiatives

Investment Outlook

Growth Outlook

Positive; continued demand for luxury and rental housing

Investment Opportunities

• Luxury condo pre-sales
• Short-term rental investments
• Retail space in mixed-use projects

Marketing Intelligence

Target Demographics

NYC commuters
Young professionals
Affluent downsizers
International buyers

Competitive Advantages

Waterfront location
Modern amenities
Lower price per sqft than Manhattan

Pricing Strategies

Premium pricing for high floors/views; incentives for early buyers in new developments

Common Objections & Response Strategies

Objection: High HOA fees in luxury condos

Response Strategy:

Emphasize included amenities (concierge, gym, security) and compare to Manhattan costs

Objection: Property taxes are high

Response Strategy:

Highlight lower overall cost vs. NYC and potential for appreciation

Objection: Traffic congestion/commute times

Response Strategy:

Showcase transit options and flexible work-from-home amenities

Objection: School ratings below top NJ suburbs

Response Strategy:

Point to improving trends and proximity to top private schools

Professional Recommendations

Leverage virtual and in-person tours to showcase amenities and views

Educate buyers on total cost of ownership vs. Manhattan

Network with NYC agents for relocation referrals

Monitor new development inventory for early investment opportunities

Stay updated on zoning and infrastructure changes impacting value

Competitive Analysis

Comparable Markets

Edgewater, NJ
Weehawken, NJ
Jersey City, NJ

Market Positioning

Premium waterfront alternative to Manhattan and Jersey City

Competitive Advantages

Lower price per sqft than Manhattan and Jersey City waterfront
Newer construction
Direct NYC views

Price Comparison

Luxury condos: $1,100/sqft (North Bergen) vs. $1,300–$2,000/sqft (Manhattan); more affordable than Weehawken/Edgewater

Investment Metrics

3.5–4.5% for luxury condos; 5–6% for mid-tier rentals

Cap Rates

4–5% gross for luxury units; 5–6% for standard apartments

Rental Yields

22–25 (luxury); 18–20 (mid-tier)

Price-to-Rent

Positive for rentals with strong tenant demand; luxury units may be cash flow neutral but offer appreciation

Cash Flow

4–6% annually through 2026

Appreciation

Buyer Journey Insights

First-Time Buyers

Challenging due to high entry price; recommend mid-tier condos or co-ops

Move-Up Buyers

Strong options in new luxury developments; trade-up incentives available

Downsizers

Luxury condos with amenities appeal; offer turnkey lifestyle

Investors

Focus on rental demand and short-term rental potential; pre-construction discounts

Relocators

Highlight proximity to NYC, transit, and lifestyle amenities

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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