View in Interactive Map
  1. Home
  2. /Browse ZIP Codes
  3. /New Jersey
  4. /Paterson, NJ - 07505

Paterson, NJ—07505

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$280,000
N/A
Household Income
$33,300
69.7% YoY Growth
Days on Market
38
N/A
Home Price Forecast
N/A
Median Rent
$1,800
27.3% YoY Growth
1-Bed Rent
$1,500
4.5% YoY Growth
2-Bed Rent
$1,850
16.0% YoY Growth
3-Bed Rent
$2,350
N/A

Other Zip Codes in Paterson, NJ

0752407502075030750107513075040752207514
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Paterson, NJ

Paterson, NJ lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
N/AN/A
Single Family N/AN/A
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A

Browse ZIP Codes by State

All states and cities →
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Puerto Rico
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    N/A
    N/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    10.6%
    1 Bedroom
    56.3%
    2 Bedrooms
    16.7%
    3 Bedrooms
    15.2%
    5+ Bedrooms
    1.2%

    Rental Trends — Paterson, NJ

    As of July '25, Rentcast reports the average rent in Paterson, NJ is $1,910, with a year-over-year rent change of 27.3%. Per bedroom, the median rent as of July '25 in Paterson, NJ is studios: $1,400, 1-bedrooms: $1,480, 2-bedrooms: $2,030, 3-bedrooms: $2,680. The most common rental property sizes in Paterson, NJ are 1-bedroom and 3-bedroom, accounting for 57.2% and 16.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,800$1,910
    Studio Rent $1,400$1,400
    1 Bed Rent $1,500$1,480
    2 Bed Rent $1,850$2,030
    3 Bed Rent $2,350$2,680
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    Studio
    10.5%
    1 Bedroom
    57.2%
    2 Bedrooms
    14.6%
    3 Bedrooms
    16.5%
    5+ Bedrooms
    1.3%

    Property Listings — Paterson, NJ

    Paterson, NJ lacks sufficient listing trend data for analysis.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$280,000N/A
    Listing Count
    		3N/A
    Listings as % of HomesN/AN/A
    Days on Market
    		38N/A
    Loading chart...

    Demographics — Paterson, NJ

    As of the latest ACS Survey released in 2023, Paterson, NJ has a population of 4,620, which has increased by 90.5% over the past 5 years. Paterson, NJ is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 11.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		4,62090.5%
    % Under 18
    		21.7%39.1%
    % Seniors
    		15.5%11.5%
    % WFH
    		0.0%-100.0%
    % w/ College Degree
    		11.6%19.6%
    Loading chart...

    As of the latest ACS Survey released in 2023, Paterson, NJ is a predominantly hispanic area, with 66.6% of the population identifying as hispanic. The hispanic population has grown by 42.0% in the last 5 years. The second most common race or ethnicity in Paterson, NJ is black, making up 21.5% of the population. Foreign-born residents account for 43.0% of the population in Paterson, NJ, and this percentage has increased by 45.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		10.2%21.4%
    % Black
    		21.5%-49.4%
    % Hispanic
    		66.6%42.0%
    % Asian
    		0.4%-91.8%
    % Foreign Born
    		43.0%45.8%
    Loading chart...

    Mortgage and Risk — Paterson, NJ

    According to HUD data as of 2023, there were 1 mortgage originations in Paterson, NJ, of which 0.0% of loans were conventional mortgages. The average loan-to-value was 97.0%, with 100.0% above 90% LTV (very high). This implies large mortgage risk in Paterson, NJ. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		1
    % Conventional Loans
    		0.0%
    % Government Loans
    		100.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		0.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Paterson, NJ

    Paterson, NJ lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		277
    Total Units Section 8
    		125
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		90.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$240$1,500$1,260
    2 Bedroom-$410$1,850$1,440
    3 Bedroom-$580$2,350$1,770
    4 BedroomN/AN/A$2,240

    Affordability — Paterson, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income RatioN/A
    Median Home PriceN/A
    Median Household Income$33,300

    Paterson, NJ — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Paterson, NJ

    07501

    Paterson, NJ

    07522

    Paterson, NJ

    07524

    Paterson, NJ

    07502

    Paterson, NJ

    07513

    Frequently Asked Questions