A typical Packanack Lake home is worth roughly $756,000
Homes typically sell in 15 days, a little above asking.
What kind of housing town is Packanack Lake?
Read from the numbers below. The page puts what stands out first.
A typical home costs 3.5 years of income
Less than across New Jersey (4.4 years). Try your own numbers below.
That’s $6K short of a typical Packanack Lake home.
A two-bedroom rents for about $2,660 a month here, $2,350 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Packanack Lake’s typical property tax (1.66% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
Home prices up 55% in 5 years
The federal house price index for the ZIP code around Packanack Lake rose 55% over the past 5 years, slower than across New Jersey (63%). Last year prices rose 7.2%. Carrying the Census median home value forward with that index puts the typical Packanack Lake home at roughly $756,000 today.
Carrying the Census median forward with the index puts a typical home at about $756K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Packanack Lake, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Under ~4 months of supply favors sellers; over ~6 favors buyers.
Redfin Data Center, all residential sales, May 2026.
96% of Packanack Lake households own their home
Half of Packanack Lake’s homes were built before 1955.
New Jersey: 64% own.
U.S. Census Bureau, American Community Survey 2020-2024.
A two-bedroom rents for about $2,660
Renters already here pay a median of $3,501.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Bergen-Passaic, NJ HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Packanack Lake vs. its neighbors
The towns that share a border with Packanack Lake. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Packanack Lake | $756K* | +7.2%† | $2,660 | $213,103 |
| Preakness | $618K* | +7.2%† | $2,660 | $133,205 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Packanack Lake buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.