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Area data

Paterson, NJ — ZIP 07505

Population: 4,691 (Census ACS)

Home values & appreciation

House Price Index
430.8 (+5.2% YoY)

Rents

2-bedroom fair-market rent (HUD reference)
$1,620/mo
3BR fair-market rent
$1,980/mo

Affordability

Cost of living index (Above Average)
108.8 (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
2
Elementary schools
1
Middle schools
0
High schools
1

Natural hazards & flood risk

Overall hazard risk
Relatively High
Top hazards
lightning, strongWind, winterWeather, coldWave, inlandFlooding

Climate (30-year normals)

Annual precipitation
52.8 in

Air quality

Air quality rating
Good
Median AQI (annual)
38
Days with Good air quality
269

Amenities

National parks within ~60 mi
21
Nearest national park
Paterson Great Falls National Historical Park (0 mi)
Nearest airport
Essex County Airport (CDW) (6 mi)
Nearest major airport
Teterboro Airport (TEB) (8 mi)
Hospitals nearby (~15 mi)
128
Avg hospital rating
2.7 / 5
EV charging stations (within 10 mi)
230
Solar radiation rating
Fair (3.9 kWh/m²/day)

Housing stock

Median year housing built
1,954
Median annual property tax
$10,001
Households with broadband internet
44.6%

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 →

Data compiled by REAIGENT7 — AI listing platform for real estate agents