Hackensack is a middle class community with income levels average for the state and county. Income levels from the 2000 US Census of the City and surrounding municipalities are as follows:

The following is a summary of the Hackensack land use patterns in 2000, according to municipal assessment records, defines the nature and character of the City. The land use in Hackensack was classified as follows.

As indicated by the grid above, at 7,541 parcels, the predominate land use in Hackensack is residential. Residential uses are located in every section of the City. As per the 2000 census there was a total of 18,945 housing units. There are 3,673 which are single family units, 5,876 are owner occupied, 12,237 are rented. The medium value of a single family home, according to the 2000 census is $187,300. The majority of the homes in the City were constructed between 1940 and 1970.

The City of Hackensack has enjoyed favorable tax rates decrease in 2002 and 2001 with the expansion of new tax ratables and existing ratable improvement increases. However, 2003's effective tax rate increase of 4.18% indicates a change in the tax ratable base compounded by public spending policies. This is generally the case with most economic expansions in New Jersey. The recessionary pressure of most economic cycles and municipal budget increases leaves little room for any tax increase to be off-set by tax ratable value. However, this appears to have minimal historical impact on the municipal market values overall in the Bergen County wide segment for commercial property values.

The majority of commercial uses are generally located along Route 4, River Street, Main Street, State Street, Essex Street, and Parts of Hudson Avenue and Passaic Street in Hackensack. Route 4 runs east/west through the City. From Route 4, all markets are accessible by way of the New Jersey Turnpike, Garden State Parkway and Route 208. Easy access is available to Manhattan from Route 4 via the George Washington Bridge, approximately 10 miles east of the Hackensack and the Lincoln and Holland Tunnels. Newark International Airport is located south of the Hackensack.

Overall, has the highest, high density apartment dwellings in Bergen County. Essex Street has high density residential buildings, commercial retail and offices, gas and service stations, mixed-use buildings and Hackensack University Medical Center.

According to the 2007 census, most of the population in Hackensack is serviced by public water/sewer. Electric and natural gas is provided by Public Service Electric & Gas. Telephone is provided by a variety of companies with Verizon being the local wire carrier of telephone pole and land lines. Garbage collection is provided by City collection. In 2002 the unemployment rate in Hackensack was 6.5%.

Hackensack University Medical Center has recently expanded with a $166 million dollar expansion and modernization project. The project was the largest ever approved by the New Jersey Department of Health. The project includes a 185 bed patient-care pavilion, a seven story children's center and a four story surgical trauma center. An additional expansion of a laboratory medical center and mother/child pavilion is completed. Furthermore, a new parking garage is underway along Railroad Avenue. This is one of the City’s largest employers.

The Hackensack's neighborhood is a desirable location for a mixture of uses. Its primary location brings ample exposure on the corner of Essex Street and one lot off the corner of Polifly Road and Essex Street - a primary signalized intersection. The property is accessible via Essex Street and Sussex Street from Lehigh Street. Essex Street is the closest most traveled primary connecting thoroughfare besides Polifly Road.

Immediate neighborhood trends indicate a stabilized environment for commercial apartment buildings to co-exist. Social and economic conditions are stable and likely to continue. It is an older, well established section of Hackensack, typical to the commercial market segment. There was a moderate vacancy rate of less than 5%.

The Hackensack area is recognized as a semi-suburban area that has seen positive changes over the past 10 years. There are four cycles of a neighborhood (growth, stability, decline, revitalization); Hackensack is located in an area that can be considered an area of continued gentrification and residential values are expected to remain stable in the foreseeable future. There is no significant external obsolescence to note that would adversely affect value or development of Hackensack.