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 Units by Size|
|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
|Second Mortgage & Equity Loan||0.20%|
|Home Equity Loan||5.10%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||24.8%|