Housing & Real Estate — Paterson, New Jersey
Overview
| Total Housing Units | 52,532 |
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| Occupied | 49,688 |
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| Vacant | 2,844 |
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| Owner-Occupied | 13,027 |
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| Renter-Occupied | 36,661 |
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| Median Home Value (Census) | $360,100 |
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| Estimated 2026 | ~$425,000 |
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| Median Rent | $1,457/mo |
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| Median Property Tax | $10,001/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | expensive |
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| Rent as % of Income | 31.2% |
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| Severely Rent-Burdened | 50.8% |
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Housing Age
| Built 2010 or later | 3,523 |
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| Built 2000-2009 | 2,591 |
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| Built 1990-1999 | 2,562 |
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| Built before 1960 | 31,073 |
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| Median Year Built | 1952 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
