Zip 07513 (Paterson, NJ) Housing

Housing in 07513 Paterson, NJ is very similar to the overall US housing market. The median value of homes in 07513 Paterson, NJ is $435,000 which is slightly higher than the US median value of $338,100. Furthermore, house appreciation over the last year in Paterson has been 8.22%, just a small difference from the national house appreciation rate of 8.27%. This indicates that the housing market in Paterson follows the larger trends of the US housing market as a whole.

The median home cost in Paterson (zip 07513) is $435,000. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Paterson (zip 07513) is up 10.8%.

Average Age of Homes

- The median age of Paterson (zip 07513) real estate is 64 years old

The Rental Market in Paterson (zip 07513)

- Renters make up 67.8% of the Paterson (zip 07513) population
- 0.7% of houses and apartments in Paterson (zip 07513), 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
	3,308.0	139,647,020.0
	67	42
	$435,000	$338,100
	10.8%	16.6%
	36.0%	57.0%
	62.6%	101.1%
	$32.16	$10.98
	$9,226	$2,690
	29.7%	57.4%
	3.8%	11.2%
	66.5%	31.4%
Vacant Housing
	0.7%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	2.2%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	2.0%	3.9%
	1.0%	4.5%
	3.0%	11.3%
	8.1%	13.0%
	39.5%	20.1%
	30.3%	13.6%
	14.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.9%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.8%	13.6%
	1.8%	13.6%
	4.6%	13.6%
	5.0%	13.2%
	16.1%	14.8%
	4.6%	13.6%
	16.1%	10.0%
	19.8%	4.7%
	23.4%	12.2%

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