Billy Joel is Finally Wrong!

When he sang that famous line, “Who needs a house out in Hackensack,” the pop star’s cynicism made sense. That was 42 years ago, however, and things have changed.

In 2012, Hackensack unanimously adopted the City of Hackensack Downtown Rehabilitation Plan . Their aim was to answer an important question:

How can an older, industrial city attract the investment needed to transform its downtown into a modern, walkable, livable, and sustainable urban environment while preserving its history and heritage?

Now, some 7 years later the latest downtown project is open for leasing. Meridia on Main is located at 240 Main St. and offers 106 units along with a first floor diner that will be marrying classic American decor with a modern, farm-to-table culinary experience.

What does this all mean to the prospective investor? Well, it’s all about the numbers. In the last year median home sales in Hackensack have gone up 8%. In the last 5 years, the average price per square foot jumped from $189 to $229. Those are the kind of numbers that look good for developers, flippers and rental property owners alike.

Who needs a house out in Hackensack? You do. If you are looking for a good place to invest.