Zip 07501 (Paterson, NJ) Housing

The real estate market in Paterson, NJ (zip code 07501) is comparable to the US average. The median value of housing in Paterson is $346,300, just a little higher than the US median value of $338,100. Similarly, the 1 year house appreciation rate for Paterson is 8.22%, slightly lower than the US average of 8.27%. This indicates that Paterson's real estate market is stable and reflective of the national trend.

The median home cost in Paterson (zip 07501) is $346,300. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Paterson (zip 07501) is up 10.8%.

Average Age of Homes

- The median age of Paterson (zip 07501) real estate is 62 years old

The Rental Market in Paterson (zip 07501)

- Renters make up 72.0% of the Paterson (zip 07501) population
- 1.9% of houses and apartments in Paterson (zip 07501), 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
	13,065.0	139,647,020.0
	59	42
	$346,300	$338,100
	10.8%	16.6%
	36.0%	57.0%
	62.6%	101.1%
	$33.13	$10.98
	$8,573	$2,690
	14.6%	57.4%
	6.1%	11.2%
	79.4%	31.4%
Vacant Housing
	1.9%	1.9%
	0.3%	0.4%
	0.4%	0.7%
	0.3%	0.4%
	0.2%	3.6%
	3.0%	4.1%
Value of Owner-Occupied Housing
	3.4%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	4.4%	4.5%
	4.1%	11.3%
	11.2%	13.0%
	49.6%	20.1%
	22.6%	13.6%
	2.2%	8.3%
	0.0%	9.7%
	0.8%	3.9%
	1.8%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.5%	13.6%
	8.5%	13.6%
	10.0%	13.6%
	7.7%	13.2%
	10.7%	14.8%
	10.0%	13.6%
	13.2%	10.0%
	9.9%	4.7%
	24.9%	12.2%

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