Zip 07522 (Paterson, NJ) Housing

Housing in 07522 Paterson, NJ is relatively comparable to the overall housing market in the United States. The median house value in 07522 Paterson, NJ is $359,400, while the US median house value is $338,100. The US 1 year house appreciation rate is 8.27%, and the 1 year appreciation rate for 07522 Paterson, NJ is 8.22%. Overall, it can be seen that the housing market of 07522 Paterson, NJ tracks closely with the national average and has been appreciating at a steady rate over the past year.

The median home cost in Paterson (zip 07522) is $359,400. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Paterson (zip 07522) is up 10.8%.

Average Age of Homes

- The median age of Paterson (zip 07522) real estate is 60 years old

The Rental Market in Paterson (zip 07522)

- Renters make up 65.2% of the Paterson (zip 07522) population
- 2.2% of houses and apartments in Paterson (zip 07522), 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
	7,503.0	139,647,020.0
	81	42
	$359,400	$338,100
	10.8%	16.6%
	36.0%	57.0%
	62.6%	101.1%
	$29.97	$10.98
	$7,810	$2,690
	17.6%	57.4%
	6.5%	11.2%
	75.8%	31.4%
Vacant Housing
	2.2%	1.9%
	0.3%	0.4%
	0.7%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	3.4%	4.1%
Value of Owner-Occupied Housing
	3.8%	2.6%
	0.0%	2.4%
	1.7%	2.8%
	1.6%	3.9%
	8.1%	4.5%
	12.3%	11.3%
	25.8%	13.0%
	24.2%	20.1%
	12.6%	13.6%
	8.0%	8.3%
	1.1%	9.7%
	0.0%	3.9%
	0.8%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.0%	13.6%
	7.0%	13.6%
	8.0%	13.6%
	0.9%	13.2%
	5.7%	14.8%
	8.0%	13.6%
	10.6%	10.0%
	7.9%	4.7%
	49.7%	12.2%

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