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States / New Jersey / Paterson

Paterson, NJ Housing

ACS 2020-2024

Median Home Value
$360,100 ± $11,010
Median Gross Rent
$1,548 ± $25/mo
Homeownership Rate
26.9%
Rent as Share of Income
33.2%
Price-to-Income Ratio
6.4×
Vacancy Rate
5.1%
Median Year Built
1954

New Construction (2025)

Housing units authorized by building permit — a leading signal of new supply, from the Census Building Permits Survey.

Units Authorized
277
Buildings
53
Single-Family Units
2
Multi-Family Units
275

Nearby Cities in New Jersey

Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.

Paterson, NJ Housing: Rent & Home Values | HomeDataUSA