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Paterson city, NJ

ZIP 07522 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07522

Median Home Value
$264,000
Median Rent
$1,274
Affordability Snapshot
$73,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,696/mo PITI).

32%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

5.5x
Home Price-to-Income Ratio

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

17.3 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 07522 in Paterson city, NJ, a household would need roughly $73,000 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 $1,696. That is about 52% above the local median household income ($48,002), 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
21.0%-68% vs US avg
x
Vacancy Rate
5.7%-45% vs US avg
x
Broadband Access
90.3%+4% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
12.4%-3% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
32.3%-35% vs US avg
x
Mortgage-Free
34.1%-11% vs US avg
x
$264,000
Home Value
$1,274
Rent
1938
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached15.0%
  • 1-unit attached5.0%
  • 2-9 units64.6%
  • 10+ units15.3%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$264,000
Median rent$1,274
Owner-occupied21.0%
Vacant5.7%
Price-to-income5.5x
Est. income to buy$73,000