If you're looking for a small yet notable town between Fort Lee and Englewood, Leonia naturally comes to mind. While the town is small, the differences in location are quite distinct.

Homes near the town center and around Broad Avenue often trade in the $600,000 to $800,000 range. The proximity to elementary schools and shopping areas helps maintain stable demand for actual residents.

The eastern area, bordering Fort Lee, has relatively good access to New York, with prices ranging from $750,000 to $950,000. Over the past year, there has been a gradual increase, and there don't seem to be any noticeable signs of adjustment yet.

The western area, adjacent to Englewood Cliffs, features larger lots and homes priced between $550,000 and $700,000, making it relatively reasonable. With lower entry prices, there is steady demand from young families looking to buy their first home.

From an investment perspective, the eastern area is worth noting. It has the potential to benefit from the ripple effect of Fort Lee's redevelopment, and if commuting convenience improves, it seems likely to be the first area to respond.

In terms of rental yield, Leonia is not bad. When calculating rent against relatively low sale prices, there are cases showing yields in the high 3% to low 4% range, making it an attractive option for those looking to start investing with a small amount.

However, the small size of the town means there aren't many listings available, which should be seen as a risk. It may be difficult to find properties that meet your desired conditions at your preferred time, and due to the small market nature, just a few transactions could cause price fluctuations.

For Korean families considering commuting to New York while raising children, if commuting convenience is a priority, the eastern area would be a natural choice, while those seeking a spacious yard at a reasonable price might want to look at the western area first.