Somers Point vs Paterson: Housing
| Somers Point | Paterson | |
|---|---|---|
| Median Home Value | $309,200 | $360,100 |
| Median Gross Rent | $1,383/mo | $1,548/mo |
| Homeownership Rate | 52.4% | 26.9% |
| Rent as Share of Income | 23.4% | 33.2% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.