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.


Housing Size

Housing Units by Size
Studio Type3.50%
One Bedroom21.90%
Two Bedrooms39.40%
Three Bedrooms25.40%
Four Bedrooms6.90%
Five Bedrooms or more2.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.6
Median year structure was built1946
Median Value of occupied units$137,500
Median Price asked for vacant units$126,400

Rented Homes, Apartments and Condos

Average Household Size3.09
Median year structure was built1953
Median Monthly Rent asked for vacant units$639

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage8.20%
Home Equity Loan5.10%
Simple Mortgage58.30%
Debt Free28.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs24.8%