Zip 07524 (Paterson, NJ) Housing

The housing market in 07524 Paterson, NJ is doing well compared to the US median value. The median value for this zip code is $384,700 which is significantly higher than the US median value of $338,100. Additionally, the one year house appreciation in Paterson is 8.22%, which is just slightly lower than the national appreciation rate of 8.27%. This indicates a healthy and growing housing market in this area, making it a desirable place to live and invest.

The median home cost in Paterson (zip 07524) is $384,700. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Paterson (zip 07524) is up 10.8%.

Average Age of Homes

- The median age of Paterson (zip 07524) real estate is 65 years old

The Rental Market in Paterson (zip 07524)

- Renters make up 67.0% of the Paterson (zip 07524) population
- 0.5% of houses and apartments in Paterson (zip 07524), 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
	4,724.0	139,647,020.0
	65	42
	$384,700	$338,100
	10.8%	16.6%
	36.0%	57.0%
	62.6%	101.1%
	$30.90	$10.98
	$9,412	$2,690
	20.9%	57.4%
	5.6%	11.2%
	73.5%	31.4%
Vacant Housing
	0.5%	1.9%
	0.2%	0.4%
	0.1%	0.7%
	0.9%	0.4%
	0.0%	3.6%
	3.9%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	0.0%	2.4%
	2.0%	2.8%
	0.9%	3.9%
	0.0%	4.5%
	7.6%	11.3%
	9.6%	13.0%
	27.6%	20.1%
	34.0%	13.6%
	10.4%	8.3%
	7.1%	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%
	2.6%	13.6%
	2.6%	13.6%
	3.5%	13.6%
	1.1%	13.2%
	3.3%	14.8%
	3.5%	13.6%
	9.7%	10.0%
	10.1%	4.7%
	58.8%	12.2%

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