The percentage of the foreign-born population in Fort Lee from Korea is 35.4%, which translates to 6,853 individuals. This is the largest number in Bergen County by simple headcount. With a total population of 36,563, the Korean-born residents make up nearly one-fifth of the entire population. This figure is based on data from the U.S. Census Bureau's ACS. Given this size, access to Korean churches, markets, and educational institutions is relatively favorable, but the high rental demand may lead to competition in rental prices, which could be a concern. In Bergen County overall, the percentage of the foreign-born population from Korea is 15.2%, ranking first in the county, and Fort Lee is characterized as the most densely populated area by headcount within that group.

Looking at the school district, Fort Lee High School has an A- rating according to Niche, with a GreatSchools score of 6 out of 10. It ranks around 130th among New Jersey public high schools according to Niche. While it ranks lower than nearby schools like Cresskill and Northern Valley Regional, it is still considered to be in the upper tier when taking into account the total number of public high schools in New Jersey. This is advantageous, but it should be noted that there is a ranking gap when compared to other school districts in Bergen County. If a family prioritizes school districts, it would be wise to determine how much of a gap they can tolerate. Conversely, if commuting and convenience are prioritized, this gap may not be a decisive factor.

The average housing price is $604,159 according to Zillow, which has increased by 7.1% over the past year. This is relatively lower than the entry barriers in Cresskill, Closter, and Demarest. This is favorable for families with limited budgets, but the market is primarily focused on condos near the George Washington Bridge, which may limit options for those seeking single-family homes.

For families who frequently commute to Manhattan, Fort Lee's location offers a strong advantage as it connects to New York via a single bridge. However, it is important to note that many properties come with New Jersey property taxes and condo fees (HOA), which could lead to higher monthly fixed costs than anticipated based on previous locations.

For investors looking for rental income, the steady rental demand is advantageous, but there is also the risk of increased vacancy rates during times of rising supply. It cannot be assumed that prices will continue to rise.

Fort Lee is often mentioned as a location for families who have just immigrated from Korea and are choosing their first settlement. The ability to quickly adapt to the Korean community infrastructure is a plus, but it should be considered that condo fees and New Jersey property taxes may feel higher than in their previous locations. Mortgage rates vary at the time of contract, so it is advisable to check the latest average rates from sources like Freddie Mac to gauge repayment burdens. If a family prioritizes school districts, it may be beneficial to compare with nearby Cresskill or Northern Valley Regional, while families that place more importance on budget, commuting convenience, and access to Korean infrastructure may find Fort Lee's strengths more appealing. This is advantageous, but it should be noted that the weight given to either criterion may vary by family. Regardless of the choice, it is safer to verify the latest school district assignments and property tax notices before signing a contract. By organizing the three criteria of commuting, school districts, and budget in order of priority, it becomes much clearer whether Fort Lee is the right fit for one's situation. No criterion is absolute, so it is recommended to visit several properties to develop a sense before making a final decision. Taking time to compare multiple properties over several weeks is a way to reduce regrets.

This article is not investment or legal advice, and it is recommended to consult real estate and tax professionals before signing a contract.