Why Live in Packanack Lake
Packanack Lake in Wayne, New Jersey, offers a mix of home styles, including Cape Cods, hi-ranches, Colonial Revivals, and a few Tudors, with some original log cabins still present. The neighborhood is known for its scenic lake, featuring two beaches, East Beach and West Beach, where residents enjoy swimming, kayaking, boating, and fishing. A 3-mile path around the lake is popular for walking and running, and new fiberglass bridges at the lake's northern end are favored spots for photos. The Packanack Golf Club and Tennis Club provide additional recreational opportunities, while Kilroy Field hosts various sports activities. The area has a low crime risk compared to the national average. Dining options include Lakeside Restaurant and Bar, Blossom Asian Bistro, and Lee’s Sushi, with Packanack Bakery being a local favorite for crumb cakes. Shopping is convenient with businesses along U.S. Route 202 and Hamburg Turnpike, and Willowbrook Mall is just 5 miles away. The community is active, with events like Packanack Day in June featuring fireworks and food trucks. The Wayne Valley Public School District is highly rated, with Packanack Elementary School, George Washington Middle School, and Wayne Valley High School all earning high marks. The neighborhood is well-connected, with U.S. Route 202 providing access to Interstate 80 and U.S. Route 46, and New York City is 22 miles away.
Frequently Asked Questions
Is Packanack Lake a good place to live?
Packanack Lake is a good place to live. Packanack Lake is considered car-dependent and somewhat bikeable. Packanack Lake is a suburban neighborhood. Packanack Lake has 9 parks for recreational activities. It is sparse in population with 1.7 people per acre and a median age of 42. The average household income is $190,421 which is above the national average. College graduates make up 63.3% of residents. A majority of residents in Packanack Lake are home owners, with 3% of residents renting and 97% of residents owning their home. A
local real estate agent serving Packanack Lake can help you decide if this neighborhood is the right one for you. Learn more on our
Packanack Lake neighborhood guide.
How much do you need to make to afford a house in Packanack Lake?
The median home price in Packanack Lake is $489,000. If you put a 20% down payment of $97,800 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,530 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $108K a year to afford the median home price in Packanack Lake. The average household income in Packanack Lake is $190K.
What are the best public schools in Packanack Lake?
The best public schools that serve Packanack Lake are:
What are the best private schools in Packanack Lake?
The best private schools that serve Packanack Lake are:
- Pioneer Academy has an A+ Niche grade, a student teacher ratio of 7:1 and an average review score of 4.3.
- DePaul Catholic High School has an A Niche grade, a student teacher ratio of 11:1 and an average review score of 3.8.
- Holy Spirit School has an A Niche grade, a student teacher ratio of 14:1 and an average review score of 3.7.
What are the most popular zip codes in Packanack Lake, Wayne, NJ?
What are the most popular neighborhoods near Packanack Lake, Wayne, NJ?
Are home prices dropping in Packanack Lake?
Yes, home prices in Packanack Lake are down 3% in the last 12 months.
Home Trends in Packanack Lake, NJ
On average, homes in Packanack Lake, Wayne sell after 66 days on the market compared to the national average of 70 days. The median sale price for homes in Packanack Lake, Wayne over the last 12 months is $489,000, down 7% from the median home sale price over the previous 12 months.
Median Sale Price
$489,000
Median Single Family Sale Price
$489,000
Median 2 Bedroom Sale Price
$247,850
Average Price Per Sq Ft
$213
Number of Homes for Sale
5
Last 12 months Home Sales
49
Median List Price
$489,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-7%