Paterson, NJ Real Estate
According to census data in the year 2000 there were 47,169 housing units in Paterson.
This represents a 2.2% growth from 46,138 in 1990.
Of those housing units, 47,169 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Paterson is about 31.5%.
Paterson's vacancy rate, including seasonal lodging, is about 5.2%.
Average household size is 3.25 people.
The majority of houses, apartments or condos in Paterson were built after 1950.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.50% |
| One Bedroom | 21.90% |
| Two Bedrooms | 39.40% |
| Three Bedrooms | 25.40% |
| Four Bedrooms | 6.90% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.6 |
| Median year structure was built | 1946 |
| Median Value of occupied units | $137,500 |
| Median Price asked for vacant units | $126,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.09 |
| Median year structure was built | 1953 |
| Median Monthly Rent asked for vacant units | $639 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 8.20% |
| Home Equity Loan | 5.10% |
| Simple Mortgage | 58.30% |
| Debt Free | 28.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 24.8% |
