West Paterson, NJ Real Estate
According to census data in the year 2000 there were 4,497 housing units in West Paterson.
This represents a 1.1% growth from 4,449 in 1990.
Of those housing units, 4,497 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in West Paterson is about 57.5%.
West Paterson's vacancy rate, including seasonal lodging, is about 2.2%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in West Paterson were built after 1961.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 19.10% |
| Two Bedrooms | 30.80% |
| Three Bedrooms | 36.90% |
| Four Bedrooms | 10.90% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.73 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $195,100 |
| Median Price asked for vacant units | $275,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.18 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $782 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.10% |
| Home Equity Loan | 7.50% |
| Simple Mortgage | 47.80% |
| Debt Free | 40.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.6% |
