The story of this market
The typical home in ZIP 07424 sells for about $689,500, or $350 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $1,841 a month.
ZIP 07424 — Little Falls
The Little Falls housing market remains resilient, characterized by low inventory and steady demand from family buyers. While high property taxes and interest rates present challenges, the area's strong school system and transit access continue to support price appreciation. Current market conditions reflect a competitive environment with limited supply driving consistent, albeit moderate, growth.
This ZIP is ideal for family buyers seeking suburban stability and commuters who value access to NYC-bound transit. It is less suited for investors seeking high-yield cash flow due to the high tax and entry-price environment.
Median prices moved up 4.2% year over year.
Homes spend a median of 35 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.5% · poverty 3.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 07424, Passaic County NJ
Little Falls generally experiences lower crime rates compared to the broader Passaic County urban centers, with property crime being the primary concern. Local safety trends remain stable, benefiting from a suburban residential character.
The area is served by the Little Falls School District and Passaic Valley Regional High School, which are generally regarded as providing solid educational outcomes for the community.
Portions of the ZIP code, particularly near the Passaic River, are subject to flood risk, necessitating careful review of FEMA flood maps for prospective buyers. Insurance premiums in these zones can be elevated.
Economic momentum is driven by its proximity to major North Jersey employment hubs and transit corridors. Development is largely infill-focused, maintaining the township's established suburban density.
Property taxes in New Jersey are among the highest in the nation, with rates determined by local municipal, county, and school district levies. Assessments are managed at the municipal level with annual adjustments based on market value.
Residents benefit from proximity to NJ Transit rail stations and major highways like Route 46 and I-80, providing direct access to New York City and regional employment centers.
The area features access to the Morris Canal Greenway, various local parks, and the nearby Great Falls of the Passaic River. Shopping and dining are concentrated along the Main Street corridor and nearby commercial hubs.
The rental market is characterized by high demand and limited inventory, with rents significantly above the national average. Investor activity is present, though constrained by high entry prices and tax burdens.
The local economy is supported by a mix of professional services, retail, and proximity to the broader New York City metropolitan labor market. Major employers include regional healthcare providers and educational institutions.
The area is well-connected via NJ Transit rail lines and major highway arteries, facilitating efficient commuting to Manhattan and surrounding New Jersey business districts.
Development is primarily focused on maintaining existing residential character with limited large-scale commercial expansion currently approved.
The Passaic County Board of Taxation oversees the assessment process, ensuring uniformity across municipal jurisdictions.
Parcels are subject to municipal, county, and school district taxes, with additional utility-specific assessments for water and sewer services.
Property insurance costs are influenced by regional hazard profiles, including flood risks associated with the Passaic River basin.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- American Dream4.59 mi
- DreamWorks Water Park4.39.1 mi
- Nickelodeon Universe Theme Park4.59 mi
- Color Factory NYC4.415.2 mi
- Area 53 - Adventure Park4.519.1 mi
- American Dream4.59 mi
- MetLife Stadium4.58.6 mi
- Madison Square Garden4.714.6 mi
- Yankee Stadium4.715.4 mi
- Barclays Center4.518.5 mi
- American Dream4.59 mi
- MetLife Stadium4.58.6 mi
- Westfield Garden State Plaza4.57.5 mi
- Essex County Turtle Back Zoo4.68.6 mi
- Medieval Times Dinner & Tournament4.77.5 mi
- The Metropolitan Museum of Art4.814.8 mi
- Rockefeller Center4.714.8 mi
- Empire State Building4.715 mi
- The Museum of Modern Art4.614.8 mi
- American Museum of Natural History4.614.2 mi
- Branch Brook Park4.67.9 mi
- Paterson Great Falls National Historical Park4.52.9 mi
- Van Saun County Park4.79.3 mi
- Overpeck County Park4.611.3 mi
- Garret Mountain Reservation4.72.2 mi
- 21 Golf Range Powered by Toptracer4.511 mi
- Rock Spring Golf Club4.28.2 mi
- Skyway Golf Course4.512 mi
- Sunset Valley Golf Course4.18.2 mi
- Upper Montclair Country Club4.63 mi
- American Dream4.59 mi
- Westfield Garden State Plaza4.57.5 mi
- The Mall at Short Hills4.512.6 mi
- Willowbrook4.42.5 mi
- Bergen Town Center4.58.3 mi
- Newark Liberty International Airport3.713.4 mi
- LaGuardia Airport4.119.1 mi
- Westchester County Airport429.3 mi
- Teterboro Airport4.48 mi
- North Shore University Hospital Heliport4.627.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Historic trail system offering recreational walking and cycling paths.
The primary commercial hub featuring local restaurants and services.
A significant regional natural landmark located nearby.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.