Zip 07505 (Paterson, NJ) Housing

Housing in 07505 Paterson, NJ is slightly cheaper than the US House Median Value of $338,100; the median value for this area is $260,800. Although it is slightly lower, housing appreciation in 07505 Paterson has been keeping up with the national rate with an 8.22% increase over the past year. This indicates that there is a strong demand for housing in this area and that there will likely be more increases in home values in the future.

The median home cost in Paterson (zip 07505) is $260,800. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Paterson (zip 07505) is up 10.8%.

Average Age of Homes

- The median age of Paterson (zip 07505) real estate is 70 years old

The Rental Market in Paterson (zip 07505)

- Renters make up 92.8% of the Paterson (zip 07505) population
- 2.4% of houses and apartments in Paterson (zip 07505), 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
	1,395.0	139,647,020.0
	65	42
	$260,800	$338,100
	10.8%	16.6%
	36.0%	57.0%
	62.6%	101.1%
	$29.97	$10.98
	$10,001	$2,690
	5.8%	57.4%
	4.5%	11.2%
	89.7%	31.4%
Vacant Housing
	2.4%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	2.1%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	11.1%	2.8%
	0.0%	3.9%
	12.3%	4.5%
	19.8%	11.3%
	0.0%	13.0%
	24.7%	20.1%
	0.0%	13.6%
	32.1%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.8%	13.6%
	3.8%	13.6%
	4.9%	13.6%
	2.8%	13.2%
	10.6%	14.8%
	4.9%	13.6%
	2.2%	10.0%
	3.5%	4.7%
	59.6%	12.2%

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