Zip 07514 (Paterson, NJ) Housing

The housing situation in 07514 Paterson, NJ is quite positive. The median value of homes in the area is $404,100, which is slightly higher than the US median value of $338,100. Additionally, the one year appreciation rate for houses in Paterson has been 8.22%, just slightly lower than the national rate of 8.27%. This indicates that the overall housing market in Paterson has been quite stable and healthy over the past year.

The median home cost in Paterson (zip 07514) is $404,100. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Paterson (zip 07514) is up 10.8%.

Average Age of Homes

- The median age of Paterson (zip 07514) real estate is 63 years old

The Rental Market in Paterson (zip 07514)

- Renters make up 64.9% of the Paterson (zip 07514) population
- 2.4% of houses and apartments in Paterson (zip 07514), 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
	7,292.0	139,647,020.0
	70	42
	$404,100	$338,100
	10.8%	16.6%
	36.0%	57.0%
	62.6%	101.1%
	$32.55	$10.98
	$7,649	$2,690
	27.5%	57.4%
	9.7%	11.2%
	62.8%	31.4%
Vacant Housing
	2.4%	1.9%
	0.3%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	6.7%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	8.7%	2.4%
	4.9%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	2.6%	11.3%
	15.2%	13.0%
	41.8%	20.1%
	15.1%	13.6%
	6.3%	8.3%
	2.5%	9.7%
	0.9%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	4.5%	13.6%
	4.5%	13.6%
	9.0%	13.6%
	1.5%	13.2%
	10.2%	14.8%
	9.0%	13.6%
	19.4%	10.0%
	25.4%	4.7%
	23.0%	12.2%

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