Zip 07504 (Paterson, NJ) Housing

The housing market in 07504 Paterson, NJ is doing well with a median house value of $459,200. This is significantly higher than the US median house value of $338,100. Home appreciation has also been strong for both the nation and Paterson with an overall one year increase of 8.27% and 8.22%, respectively. With such positive indicators, it is no surprise that this area has become attractive to homebuyers looking to invest in their future.

The median home cost in Paterson (zip 07504) is $459,200. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Paterson (zip 07504) is up 10.8%.

Average Age of Homes

- The median age of Paterson (zip 07504) real estate is 65 years old

The Rental Market in Paterson (zip 07504)

- Renters make up 51.8% of the Paterson (zip 07504) population
- 1.2% of houses and apartments in Paterson (zip 07504), 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	Paterson, New Jersey	United States
	4,208.0	139,647,020.0
	65	42
	$459,200	$338,100
	10.8%	16.6%
	36.0%	57.0%
	62.6%	101.1%
	$29.49	$10.98
	$9,457	$2,690
	32.2%	57.4%
	5.3%	11.2%
	62.4%	31.4%
Vacant Housing
	1.2%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.2%	0.4%
	0.5%	3.6%
	3.4%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	1.8%	11.3%
	2.2%	13.0%
	36.4%	20.1%
	40.5%	13.6%
	14.1%	8.3%
	0.7%	9.7%
	2.1%	3.9%
	0.0%	2.2%
	1.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.7%	13.6%
	1.7%	13.6%
	1.3%	13.6%
	1.9%	13.2%
	6.9%	14.8%
	1.3%	13.6%
	4.3%	10.0%
	13.4%	4.7%
	63.0%	12.2%

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