Paterson, NJ—07524
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$512,000
3.1% YoY Growth
Household Income
$50,000
34.0% YoY Growth
Days on Market
37
28.0% Shorter YoY
Home Price Forecast
1.8%
Median Rent
$2,300
6.5% YoY Growth
1-Bed Rent
$1,950
3.2% YoY Growth
2-Bed Rent
$2,300
28.8% YoY Growth
3-Bed Rent
$2,300
0.0% YoY Growth
Home Price Trends — Paterson, NJ
As of Dec '25, the median home price in Paterson, NJ is $512,000, with a year-over-year change of 3.1%. This indicates that home prices in Paterson, NJ are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $512,000 | 3.1% |
| Single Family | $522,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |