Buying a house in Bergen County: What home buyers need to know
Bergen County is one of the most competitive real estate markets in New Jersey—and one of the most desirable places to call home. Strong communities, highly rated schools, convenient access to New York City, and a housing market that has historically held its value make Bergen County a smart place to put down roots. Here’s what to know before you buy.
The Bergen County market
Inventory is tight across Bergen County. Well-priced homes in Palisades Park, Fort Lee, Leonia, Cliffside Park, and Tenafly move quickly and often receive multiple offers. Buyers who are pre-approved and prepared consistently come out ahead. Getting pre-approval sorted before you start searching is one of the most important steps you can take.
What to budget for beyond the purchase price
Bergen County property taxes often range from $10,000 to $15,000 per year depending on the town and property value. That can translate to roughly $800 to $1,250 in additional monthly costs on top of your mortgage payment. Factor this into your budget from the beginning.
Closing costs in New Jersey typically run 2–3% of the purchase price. On a $600,000 home, that could mean an additional $12,000–$18,000 due at closing on top of your down payment.
Some Bergen County properties may also require flood insurance, which can add another annual expense. Always verify flood zone status before making an offer.
You do not need 20 percent down
This is the misconception that stops the most buyers before they start. Options available to Bergen County home buyers include:
The NJHMFA First-Time Homebuyer Program, which offers down payment assistance and below-market rates for qualifying buyers.
FHA loans, which allow as little as 3.5 percent down with a credit score of 580 or higher.
Conventional loans with 5 to 10 percent down for buyers with solid credit and stable income.
We connect our buyers with trusted local lenders who will walk through every option without pressure.
Bilingual service from start to close
At Momentum Realty we offer fully bilingual service in English and Korean. Every step of the buying process, from your first search to the closing table, handled in the language that is most comfortable for you.
Ready to buy a home in Bergen County?
Momentum Realty serves buyers and sellers across Bergen County and northern New Jersey in English and Korean. Contact us to get started.