HACKENSACK, NJ -- According to a recent independent market study, the City of Hackensack has been named the No. 1 town in New Jersey for commuters. PropertyShark, a prominent real estate data and research website that conducted the comprehensive report, called the city “The Full Package,” noting that Hackensack’s affordable home prices and low commute time propelled it to No. 1 on the list.
"This study confirms what we already know, that we are building something special here in Hackensack, and we are building it the right way," said Mayor John Labrosse. "Our downtown redevelopment efforts are focused on making our city an attractive destination for commuters and other new residents who want to live in a walkable, transit-oriented environment, and we are committed to continuing to revitalize Hackensack.”
Hackensack is currently in the midst of a remarkable renaissance in its downtown, with over 2,000 new housing units either under construction or approved. Mayor Labrosse and the City Council have taken an aggressive stance toward revitalization, updating zoning to promote more walkable, mixed-use development on and around Main Street and utilizing tax incentives to attract investment. The result is over $1 billion in total new real estate value that will create significant new tax revenue, allowing the Labrosse administration to stabilize property taxes while investing in city services, recreation, the arts, and more.
Hackensack was ranked the best overall option as an affordable housing and commuting alternative to those seeking to avoid the high cost of living in Manhattan. The report highlights its proximity to NYC, multiple mass transit options, access to affordable housing, quality of schools, and low crime rate.
Hackensack tops the list with sound metrics in both the commuting and home price categories. Located 12 miles from NYC, the city has a 65-minute average commute time.
In terms of mass transportation, there is a direct bus service to the Port Authority Bus Terminal in Manhattan. Further sweetening the deal is the town’s $237,500 median home sale price.
Plus, the city has good safety and school rankings and boasts a university campus and the nation’s fourth-largest teaching hospital, Hackensack University Medical Center.
Deputy Mayor Canestrino, who has played a key leadership role in shepherding the city's downtown redevelopment plan, also praised the study and work of the administration.
"This is a true reflection of the hard work and dedication of our entire administration in the effort to build the best possible future for the City of Hackensack,” said Deputy Mayor Canestrino. “We welcome those who wish to join us with open arms, and our team will continue to work tirelessly to create opportunities for this great city to flourish."
The city topped a list of over 40 New Jersey municipalities located within a 30-mile radius of New York City that have a population of over 25,000. PropertyShark’s rankings were scored based upon the following four metrics: 40% for commute time, 30% for home affordability, 15% for crime rate, and 15% for school score. Scores ranged from 69.4 (highest)-29.7 (lowest) with Hackensack receiving the top overall rating of 69.4/100.