Real Estate & Taxes in Hackensack
Median Home Price
$480,000
Property Tax Rate
3.15%
Avg. Annual Property Tax
$10,500
Assessment Information
Properties are assessed by the City Tax Assessor. Hackensack has a diverse housing stock ranging from pre-war single-family homes to modern luxury apartments. PILOT (Payment in Lieu of Taxes) programs apply to several new developments.
Recent Trends
Hackensack's real estate market has been transformed by downtown redevelopment. New luxury apartment buildings have attracted young professionals and empty nesters. Single-family home prices have risen steadily. The city offers relative value compared to neighboring suburbs.
Neighborhood Notes
- ●Downtown / Main Street area features new luxury apartments and mixed-use developments with walkable amenities
- ●Fairmount section in the south is a quiet residential area with single-family homes and tree-lined streets
- ●Prospect Avenue / Hospital area has a mix of housing types near Hackensack University Medical Center
- ●Johnson Avenue corridor in the north includes diverse neighborhoods with more affordable housing options
- ●Hackensack River waterfront is an emerging area with planned parks and residential development
Data reflects estimates as of 2024. Verify with local tax assessor.