Somerset vs Paterson: Housing
| Somerset | Paterson | |
|---|---|---|
| Median Home Value | $438,800 | $360,100 |
| Median Gross Rent | $2,121/mo | $1,548/mo |
| Homeownership Rate | 72.9% | 26.9% |
| Rent as Share of Income | 21.0% | 33.2% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.