Area data
Paterson, NJ — ZIP 07503
Population: 19,170 (Census ACS)
Home values & appreciation
- Median home value
- $564,711
- 1-year appreciation
- +8.3%
- 3-year appreciation
- +25.0%
- 5-year appreciation
- +45.4%
- 10-year appreciation
- +158.4%
- All-time peak (2026-07)
- $564,711
- House Price Index
- 430.8 (+5.2% YoY)
Market activity
- Median sale price
- $235,000
- Median list price
- $299,000
- Median days on market
- 176 days
- Sale-to-list ratio
- 95.9%
- Active listings
- 4
- 1-year forecast
- +2.6%
- New listings (monthly)
- 4
Rents
- Typical rent
- $2,223/mo
- 1BR fair-market rent
- $1,850/mo
- 3BR fair-market rent
- $2,590/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
- 5
- Elementary schools
- 4
- Middle schools
- 0
- High schools
- 0
- Charter schools
- 1
Natural hazards & flood risk
- Overall hazard risk
- Relatively High
- Top hazards
- lightning, strongWind, winterWeather, coldWave, inlandFlooding
- FEMA flood zone
- C
- Flood risk level
- Minimal
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
- 15.5 / 20
- Transit service frequency
- 170
Amenities
- National parks within ~60 mi
- 21
- Nearest national park
- Paterson Great Falls National Historical Park (2 mi)
- Nearest airport
- Teterboro Airport (TEB) (6 mi)
- Nearest major airport
- Teterboro Airport (TEB) (6 mi)
- Hospitals nearby (~15 mi)
- 1
- Avg hospital rating
- 3.0 / 5
- Solar radiation rating
- Fair (3.9 kWh/m²/day)
Migration
- Net migration
- -3,875 tax filers
Housing stock
- Median year housing built
- 1,961
- Median annual property tax
- $8,770
- Mean commute to work
- 22 min
- Households with broadband internet
- 70.5%
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 →