C+
40%
Med. Home Val. NAT. AVG.
28%
Rent NAT. AVG.
59%
Owner Occ. NAT. AVG.

Paterson Housing Information

IndexPatersonNew JerseyNational
Median home price$257,700$316,400$184,700
Median rent asked$1,213$1,213$949
Avg. people per household3.32.72.6
Owner occupied households26.0%64.1%63.6%
Renter occupied households74.0%35.9%36.4%
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Housing Quick Facts

  • The median home price in Paterson is 40% higher than the national average.
  • The median rent asked in Paterson is 28% higher than the national average.
  • The average number of people per household in Paterson is 25% higher than the national average.
  • The number of owner occupied households in Paterson is 59% lower than the national average.
  • The number of renter occupied households in Paterson is 103% higher than the national average.

Most Affordable Places to Live in and Around Paterson

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Compare Paterson, NJ Housing

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      Nearby cities with low home prices

       PopulationHome PriceNational Avg.
      Teterboro, NJ110$0100%
      East Orange, NJ64,650$226,00022%
      Newark, NJ281,917$254,90038%
      Silver Lake CDP (Warren County), NJ320$258,30040%
      Haledon, NJ8,298$274,50049%
      Paterson, NJ145,484$257,70040%

      Cities with similar population

       PopulationHome PriceNational Avg.
      Savannah, GA145,492$162,30012%
      Bridgeport, CT145,014$186,0001%
      Bellevue, WA146,145$887,700381%
      Torrance, CA144,430$796,800331%
      Thornton, CO144,186$349,00089%
      Paterson, NJ145,484$257,70040%
      Source: The Paterson, NJ housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS).