Newark vs Paterson: Housing
| Newark | Paterson | |
|---|---|---|
| Median Home Value | $373,700 | $360,100 |
| Median Gross Rent | $1,392/mo | $1,548/mo |
| Homeownership Rate | 24.4% | 26.9% |
| Rent as Share of Income | 32.1% | 33.2% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.