Paterson, NJ—07501
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$476,000
0.5% YoY Growth
Household Income
$40,700
44.5% YoY Growth
Days on Market
38
30.0% Longer YoY
Home Price Forecast
0.0%
Median Rent
$2,200
1.4% YoY Growth
1-Bed Rent
$1,700
1.7% YoY Growth
2-Bed Rent
$2,000
1.8% YoY Growth
3-Bed Rent
$2,400
1.2% YoY Growth
Home Price Trends — Paterson, NJ
As of May '26, the median home price in Paterson, NJ is $476,000, with a year-over-year change of -0.5%. This indicates that home prices in Paterson, NJ are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $476,000 | -0.5% |
| Single Family | $505,000 | 2.0% |
| Condos | $392,000 | 15.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |