Palisades Park borough: Median Gross Rent Trend
How Palisades Park borough's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$1,420
2023
$1,976
Total change
+$556
% change
+39.2%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $1,420 | — |
| 2019 | $1,520 | +$100 (7%) |
| 2020 | $1,638 | +$118 (7.8%) |
| 2021 | $1,697 | +$59 (3.6%) |
| 2022 | $1,897 | +$200 (11.8%) |
| 2023 | $1,976 | +$79 (4.2%) |