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Paterson city, NJ

ZIP 07513 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07513

Median Home Value
$387,400
Median Rent
$1,389
Affordability Snapshot
$107,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,489/mo PITI).

26%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

23.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07513 in Paterson city, NJ, a household would need roughly $107,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,489. That is about 66% above the local median household income ($64,320), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
31.1%-52% vs US avg
x
Vacancy Rate
3.3%-68% vs US avg
x
Broadband Access
87.7%+1% vs US avg
x
4+ Bedrooms
3.6%-75% vs US avg
x
Built Pre-1939
17.6%+38% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
29.3%-41% vs US avg
x
Mortgage-Free
27.4%-28% vs US avg
x
$387,400
Home Value
$1,389
Rent
1954
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached17.5%
  • 1-unit attached5.9%
  • 2-9 units73.0%
  • 10+ units3.6%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$387,400
Median rent$1,389
Owner-occupied31.1%
Vacant3.3%
Price-to-income6.0x
Est. income to buy$107,000