The Wyckoff is located in northwestern Bergen County.
Bergen County's seventy municipalities are segmented into six sectors. The six sectors are: Northwest Bergen, which contains thirteen municipalities; Pascack Valley with eight municipalities; Northern Valley with fifteen municipalities; Central Bergen with fourteen municipalities; Southeast Bergen with eight municipalities; and Southwest Bergen with twelve municipalities. Following is a summary of population levels in Bergen County's Northwest Sector, which includes Wyckoff. The sector's total population has remained rather stable since 1970. Ramsey, Franklin Lakes, Mahwah and Saddle River were the only municipalities experiencing population growth for the period 1980 to 2005. Of these municipalities, Mahwah experienced the largest population increase and is nearly solely responsible for the northwest sector's population increase. A majority of the municipalities experienced either minimal population growth or an actual decline during the last ten years.
POPULATION BY MUNICIPALITY, BERGEN COUNTY, NORTHWEST SECTOR Allendale,
Franklin Lakes, Glen Rock, Ho-Ho-Kus, Mahwah, Midland Park, Oakland, Ramsey, Ridgewood,
Saddle River, Upper Saddle River, Waldwick, Wyckoff
Source: Bergen County, Bergen County Department of Planning and Economic Development.
Primary reasons for the decrease in population throughout Bergen County, and in most municipalities in the northwest sector, include a trend toward smaller families as well as a general movement away from the city/suburbs to more western counties where housing costs and real estate taxes are lower.
Community
Wyckoff township is located in Northwestern Bergen County, approximately fifteen miles west of New York City. It is surrounded by Ramsey and Allendale to the north and northeast, Waldwick to the east, Franklin Lakes to the west, and Passaic County’s Hawthorne to the south. It contains a total of 6.55 square miles, or some 4,192 acres.
Social Forces
Population projections estimate a 3.5% increase by 2009 over the 2000 levels. It is important to note that these estimations were increased in the 35 to 54 year oild age group, which indicates the baby boomer movement within this community. This steady increase has had a positive effect on values in the central business retail district.
Economic Forces
Wyckoff's property use ratio is illustrated as follows:
Use
% Valuation
# Parcels
Residential
90.81%
5,110
Commercial
5.76%
152
Farm
0.39%
10
Industrial
1.58%
18
Apartments
0.06%
2
Vacant
1.40%
216
Wyckoff's income benchmarks compare favorably with surrounding communities, and county and state levels.
Environmental Forces
Local and commuter bus service are available throughout the township of Wyckoff. Commuter rail lines operated by NJ Transit are located in the center of town, near the western section of the central business district. Access to regional facilities, and New York City is via NJ Route 208, located in the southwestern section of Wyckoff. It links the area with Interstate 287 to the
north and Route 4 to the south.
Mixed-use light industrial is in the southern section of Wyckoff on Goffle Road. It is heavily trafficked street linking Route 208 and Hawthorne and Wyckoff and Ridgewood. Street parking is unavailable
over night in town. Off-street parking is commonplace.
Residential dwellings are more common to the neighborhood west and east of the subject’s street and appear adequately
maintained with many spot building homes built on speculation. There is a new
residential subdivision south of 208 which seems to have been the most desired new
construction for some time. Rumor is the were certain home locator house
finders that came from Wall Street with an open check book for teir high profile
clients looking for the good school systems of Wyckoff and its closeness to money
towns like Franklin Lakes.
There were a minimal amounts of price reduction in Wyckoff and few vacancies as of date, it was estimated to be less than 5%. This has historically had a positive effect on market value in Wyckoff.
Neighborhood trends indicate an above average environment for real estate in
Wyckoff. Long-terms trends can be forecasted as remaining positive for most of northwestern Bergen County and Wyckoff from current available data.
Wyckoff is in a stabilized stage in its life cycle which should provide the necessary background for Wyckoff property to continue to
prosper in a environment with little buyer activity. |