Zip 07055 (Passaic, NJ) Housing

The housing in Passaic, NJ (07055) is thriving. The median value of a house in the area is $444,400, which is much higher than the US House median value of $338,100. Additionally, in the past year alone, house appreciation has risen 10.07% - greater than the 8.27% nationwide appreciation rate. This indicates that housing in Passaic is being highly sought after and can be seen as a great investment for anyone looking to put down roots in the area.

The median home cost in Passaic (zip 07055) is $444,400. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Passaic (zip 07055) is up 13.9%.

Average Age of Homes

- The median age of Passaic (zip 07055) real estate is 68 years old

The Rental Market in Passaic (zip 07055)

- Renters make up 70.0% of the Passaic (zip 07055) population
- 1.2% of houses and apartments in Passaic (zip 07055), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Passaic, New Jersey	United States
	20,978.0	139,647,020.0
	80	42
	$444,400	$338,100
	13.9%	16.6%
	43.7%	57.0%
	66.2%	101.1%
	$29.97	$10.98
	$10,001	$2,690
	20.5%	57.4%
	3.6%	11.2%
	75.8%	31.4%
Vacant Housing
	1.2%	1.9%
	0.3%	0.4%
	0.3%	0.7%
	0.2%	0.4%
	0.1%	3.6%
	1.6%	4.1%
Value of Owner-Occupied Housing
	2.3%	2.6%
	0.9%	2.4%
	0.2%	2.8%
	1.2%	3.9%
	0.3%	4.5%
	3.6%	11.3%
	10.1%	13.0%
	18.8%	20.1%
	26.3%	13.6%
	14.4%	8.3%
	16.7%	9.7%
	2.9%	3.9%
	1.7%	2.2%
	0.3%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.8%	13.6%
	3.8%	13.6%
	2.8%	13.6%
	7.3%	13.2%
	7.1%	14.8%
	2.8%	13.6%
	8.5%	10.0%
	11.0%	4.7%
	49.0%	12.2%

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