Area data
Paterson, NJ — ZIP 07501
Population: 35,481 (Census ACS)
Home values & appreciation
- Median home value
- $485,938
- 1-year appreciation
- -0.2%
- 3-year appreciation
- +9.7%
- 5-year appreciation
- +25.6%
- 10-year appreciation
- +119.7%
- All-time peak (2025-02)
- $499,939
- House Price Index
- 430.8 (+5.2% YoY)
Market activity
- Median sale price
- $402,500
- Median list price
- $391,900
- Median days on market
- 16 days
- Sale-to-list ratio
- 109.6%
- Active listings
- 7
- 1-year forecast
- +1.5%
- New listings (monthly)
- 7
Rents
- Typical rent
- $1,719/mo
- 1-year rent change
- +1.9%
- 1BR fair-market rent
- $1,650/mo
- 3BR fair-market rent
- $2,320/mo
Affordability
- Cost of living index (High)
- 112.5 (100 = US avg)
- Electricity rate (state-level)
- 22.6¢/kWh
- Natural gas rate (state-level)
- $14.20/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Schools
- Total schools
- 18
- Elementary schools
- 11
- Middle schools
- 2
- High schools
- 3
- Charter schools
- 4
Natural hazards & flood risk
- Overall hazard risk
- Relatively High
- Top hazards
- lightning, strongWind, winterWeather, coldWave, inlandFlooding
- FEMA flood zone
- A09
- Flood risk level
- High
Climate (30-year normals)
- Annual precipitation
- 52.8 in
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 42
- Days with Good air quality
- 241
- Days with Unhealthy air quality
- 4
Walkability & transit
- Walkability index
- 18.0 / 20
- Transit service frequency
- 212
Amenities
- National parks within ~60 mi
- 21
- Nearest national park
- Paterson Great Falls National Historical Park (1 mi)
- Nearest airport
- Essex County Airport (CDW) (6 mi)
- Nearest major airport
- Teterboro Airport (TEB) (7 mi)
- Hospitals nearby (~15 mi)
- 66
- Avg hospital rating
- 2.6 / 5
- Solar radiation rating
- Fair (3.9 kWh/m²/day)
Migration
- Net migration
- -3,875 tax filers
Housing stock
- Median year housing built
- 1,970
- Median annual property tax
- $10,001
- Mean commute to work
- 20 min
- Households with broadband internet
- 67.0%
Employment & development
- Total county employment
- 146,196
- Average weekly wage
- $1,150
- Top industries (by employment)
- Health Care, Administrative Services, Accommodation & Food
- Annual residential building permits (county)
- 44
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →