Passaic, NJ Housing

Housing in Passaic, NJ is significantly more expensive than the US median value, with the median house value being $419,700 compared to $338,100 for the US median. Additionally, the 1 year house appreciation rate in Passaic is 10.07%, which is higher than the national appreciation rate of 8.27%. This suggests that housing in Passaic is in high demand and therefore commands a higher price.

The median home cost in Passaic is $419,700. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Passaic is up 13.9%.

Average Age of Homes

- The median age of Passaic real estate is 69 years old

The Rental Market in Passaic

- Renters make up 70.1% of the Passaic population
- 1.2% of houses and apartments in Passaic, 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
	$419,700	$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%