Paterson, NJ Real Estate
Paterson is a city in Passaic County, New Jersey with a population of about 157,660. The median home value is near $335,400, and median rent runs around $1,457/mo.
Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.
Median Home Value
$335,400
Median Rent
$1,457/mo
Population
157,660
Median Income
$53,766
Median Age
33.3
Homeownership
26.2%
Monthly payment on a median Paterson home
Example for a $335,400 home: 20% down, 30-yr at ~6.75%, NJ property tax ~2.23%, 0.4% insurance.
Est. monthly (PITI)
$2,475
Principal & interest
$1,740
Property tax / mo
$623
Down payment (20%)
$67,080
Paterson at a glance
- 9.5% of residents 25+ hold a bachelor's degree or higher.
- 26.2% of occupied homes are owner-occupied.
- Median household income is $53,766.
- Always verify the assigned school district, flood zone, and HOA for a specific address before signing.
Other New Jersey cities
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