As home values across Bergen County, New Jersey, march relentlessly higher, a typical mortgage payment becomes increasingly out of reach for many households. That leaves renting as the only viable option, and multifamily developers have taken notice.
CoStar Insight
High homeownership costs in Bergen County, New Jersey, keep multifamily developers busy
Hackensack has led the surge in new projects since 2020
By Mateusz Wnek
CoStar AnalyticsSeptember 11, 2025 | 2:46 P.M.
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