07677, Woodcliff Lake, NJ

Woodcliff Lake is a small town located in Bergen County, New Jersey. The population was 10,814 as of the 2010 census. Woodcliff Lake is a wealthy town and has some of the highest home equity and home prices in the United States.

The median home value in Woodcliff Lake was $1,288,200 as of January 1, 2016 according to Zillow. This makes Woodcliff Lake one of the most expensive places to live in America. The median household income was $191,711 as of 2015 according to Forbes. This means that almost half of all households in Woodcliff Lake have incomes over $200,000 a year.

Home equity is very important in Woodcliff Lake because so many people have high incomes and are able to borrow against their homes to buy things they want or need. As of January 1st 2016, there were 18,237 homes with mortgages in Woodcliff Lake according to RealtyTrac. This means that almost half (9,564 homes) of all homes in Woodclif