Why Live in Pompton Lakes
Pompton Lakes, New Jersey, is a borough surrounded by lakes and the Ramapo Mountains, offering ample recreation and local shops. Originally farmland settled by the Dutch, the area developed significantly in the 1700s due to iron ore discovery and officially became a borough in 1895. The community features 20th-century Colonial-style and ranch-style homes with medium-sized lots, driveways, and some detached garages. Townhouses and multifamily dwellings are also available, some with mountain views and attached garages. The Pompton Lakes School District is highly rated, with Lakeside Middle and Pompton Lakes High receiving commendable grades. Hershfield Park along the Wanaque River provides a dog park, playground, and athletic facilities, while Lakeside Park on Pompton Lake offers a soccer field, kayak launch, and fishing pier. Pacifico-Galo Park has a playground next to South Twin Lake. Residents enjoy various things to do, including local restaurants along Wanaque Avenue such as Mack’s American Bar & Grill, Taqueria La Juquilita, and Tony’s Pizza. Pompton Lakes Town Square offers grocery stores and local shops. The borough is 15 miles south of the New York border and 30 miles northwest of New York City, with convenient commuting options via Interstate 287, U.S. Route 202, and express buses. The Lincoln Park train station, 4 miles south, provides rail lines to Hoboken and New York-Penn Station.
Frequently Asked Questions
What is the average home price in Pompton Lakes, NJ?
Homes for sale in Pompton Lakes, NJ have an average home price of $626,499.
How many homes have sold over the last 12 months in Pompton Lakes, NJ?
34 homes have sold in Pompton Lakes, NJ over the last 12 months.
What are the most popular zip codes in Pompton Lakes, NJ?
How much do you need to make to afford a house in Pompton Lakes?
The median home price in Pompton Lakes is $849,500. If you put a 20% down payment of $169,900 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $4,400 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $189K a year to afford the median home price in Pompton Lakes.
How are the schools in Pompton Lakes, NJ?
Home Trends in Pompton Lakes, NJ
On average, homes in Pompton Lakes, NJ sell after 21 days on the market compared to the national average of 70 days. The median sale price for homes in Pompton Lakes, NJ over the last 12 months is $849,500, up 118% from the median home sale price over the previous 12 months.
Median Sale Price
$849,500
Median Single Family Sale Price
$849,500
Median 1 Bedroom Sale Price
$260,000
Average Price Per Sq Ft
$343
Number of Homes for Sale
1
Last 12 months Home Sales
34
Median List Price
$849,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
118%
