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Paterson, NJ Housing

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As of 2010-2014, median price of a house in Paterson is $262,200, which is lower than the state average of $319,900 and is higher than the national average of $175,700. The Paterson median house value has grown by 90.69% since 2000. The growth rate for the price of a house in Paterson is higher than the state average rate of 87.30% and is much higher than the national average rate of 46.91%. The median year that a house in Paterson was built is 1954, which is older than the median year for a house built in the state which is 1966 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 11,864 Owner Occupied Houses in Paterson, NJ, #337

Paterson, NJ	262,200 USD
New Jersey	319,900 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #186

Paterson, NJ	90.69%
New Jersey	87.30%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Paterson, NJ	New Jersey	U.S.
Total Housing Units	48,855, see rank, 100%	3,572,138	132,741,033
Occupied Housing Units	43,462, 88.96%, see rank	89.26%	87.55%
Owner Occupied	11,864, 24.28%, see rank	58.06%	56.34%
Renter Occupied	31,598, 64.68%, see rank	31.20%	31.21%
Vacant Housing Units	5,393, 11.04%, see rank	10.74%	12.45%
For Rent	2,265, 4.64%, see rank	2.18%	2.34%
For Sale Only	239, 0.49%, see rank	1.02%	1.20%
Rented or Sold, Not Occupied	284, 0.58%, see rank	0.70%	0.92%
For Seasonal, Recreational, or Occasional Use	24, 0.05%, see rank	3.72%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	2,581, 5.28%, see rank	3.11%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #394

Paterson, NJ	New Jersey	U.S.
1954	1966	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Paterson, NJ	%	New Jersey	U.S.
Owner-Occupied Units	11,864	100%	2,073,915	74,787,460
With a Mortgage	8,817	74.32%, see rank	69.83%	65.58%
Without a Mortgage	3,047	25.68%, see rank	30.17%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Paterson, NJ	2,399 USD
New Jersey	2,428 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Paterson, NJ	%	New Jersey	U.S.
$299 or Less	0	0.00%, see rank	0.04%	0.20%
$300 to $499	18	0.20%, see rank	0.35%	1.59%
$500 to $699	22	0.25%, see rank	0.83%	5.01%
$700 to $999	209	2.37%, see rank	2.80%	14.32%
$1,000 to $1,499	747	8.47%, see rank	11.13%	27.90%
$1,500 to $1,999	1,578	17.90%, see rank	17.94%	20.35%
$2,000 to $2,999	4,056	46.00%, see rank	36.29%	19.52%
$3,000 or More	2,187	24.80%, see rank	30.63%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Paterson, NJ	43.90% of the Total Income
New Jersey	27.50% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Paterson, NJ	%	New Jersey	U.S.
10% or Less	183	2.08%, see rank	3.98%	5.86%
10% to 20%	848	9.62%, see rank	23.73%	31.95%
20% to 30%	1,686	19.12%, see rank	28.42%	27.64%
30% to 40%	1,264	14.34%, see rank	16.62%	13.74%
40% or More	4,771	54.11%, see rank	26.85%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Paterson, NJ	1,001 USD
New Jersey	972 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Paterson, NJ	%	New Jersey	U.S.
$199 or Less	108	3.54%, see rank	1.19%	7.76%
$200 to $299	40	1.31%, see rank	1.66%	14.70%
$300 to $499	207	6.79%, see rank	6.42%	34.63%
$500 to $699	255	8.37%, see rank	13.17%	21.16%
$700 or More	2,437	79.98%, see rank	77.56%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Paterson, NJ	22.20% of the Total Income
New Jersey	18.40% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Paterson, NJ	%	New Jersey	U.S.
10% or Less	508	16.67%, see rank	21.71%	40.19%
10% to 20%	849	27.86%, see rank	32.37%	31.47%
20% to 30%	543	17.82%, see rank	16.94%	12.24%
30% to 40%	257	8.43%, see rank	9.46%	5.64%
40% or More	825	27.08%, see rank	18.56%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Paterson, NJ	New Jersey	U.S.
Total Housing Units	48,855, 100%	3,572,138	132,741,033
1-unit, Detached	7,376, 15.10%, see rank	53.67%	61.65%
1-unit, Attached	1,487, 3.04%, see rank	9.26%	5.82%
2 Units	18,229, 37.31%, see rank	9.53%	3.75%
3 or 4 Units	8,832, 18.08%, see rank	6.43%	4.43%
5 to 9 Units	3,915, 8.01%, see rank	4.80%	4.78%
10 or More Units	8,839, 18.09%, see rank	15.34%	13.08%
Mobile Home, Boat, RV, Van, etc.	177, 0.36%, see rank	0.98%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Paterson, NJ	New Jersey	U.S.
Total Housing Units	48,855, 100%	3,572,138	132,741,033
1 Room	6,127, 12.54%, see rank	2.71%	1.95%
2 Rooms	851, 1.74%, see rank	2.15%	2.48%
3 Rooms	4,999, 10.23%, see rank	10.30%	9.13%
4 Rooms	13,086, 26.79%, see rank	15.19%	16.60%
5 Rooms	13,841, 28.33%, see rank	16.72%	20.41%
6 Rooms	5,371, 10.99%, see rank	16.15%	18.06%
7 Rooms	2,038, 4.17%, see rank	12.48%	12.27%
8 Rooms	1,100, 2.25%, see rank	10.49%	8.48%
9 Rooms or More	1,442, 2.95%, see rank	13.81%	10.60%
Median Rooms	4.50, see rank	5.70	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Paterson, NJ	New Jersey	U.S.
Total Housing Units	48,855, 100%	3,572,138	132,741,033
No Bedroom	6,226, 12.74%, see rank	2.88%	2.17%
1 Bedroom	6,242, 12.78%, see rank	14.18%	11.16%
2 Bedrooms	18,068, 36.98%, see rank	25.93%	26.69%
3 Bedrooms	14,195, 29.06%, see rank	32.62%	39.70%
4 Bedrooms	2,905, 5.95%, see rank	18.83%	16.05%
5 or More Bedrooms	1,219, 2.50%, see rank	5.56%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Paterson, NJ	New Jersey	U.S.
Total Housing Units	43,462, 100%	3,188,498	116,211,092
Utility Gas	38,451, 88.47%, see rank	74.16%	48.85%
Bottled, Tank, or LP Gas	544, 1.25%, see rank	1.94%	4.86%
Electricity	2,764, 6.36%, see rank	11.66%	36.68%
Fuel Oil, Kerosene, etc.	1,529, 3.52%, see rank	11.10%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	0, 0.00%, see rank	0.44%	2.12%
Solar Energy	0, 0.00%, see rank	0.03%	0.05%
Other Fuel	71, 0.16%, see rank	0.32%	0.47%
No Fuel Used	103, 0.24%, see rank	0.32%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Paterson, NJ	New Jersey	U.S.
Occupied Units Paying Rent	31,017, 100%	1,077,463	39,201,928
$199 or Less	570, 1.84%, see rank	1.46%	1.50%
$200 to $299	1,245, 4.01%, see rank	3.04%	3.18%
$300 to $499	1,437, 4.63%, see rank	3.86%	7.37%
$500 to $699	1,932, 6.23%, see rank	4.64%	16.01%
$700 to $999	6,059, 19.53%, see rank	19.19%	29.17%
$1,000 to $1,499	15,403, 49.66%, see rank	40.89%	26.88%
$1,500 to $1,999	3,897, 12.56%, see rank	17.11%	9.79%
$2,000 or More	474, 1.53%, see rank	9.81%	6.10%
Median	$1,116, see rank	$1,188	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Paterson, NJ	New Jersey	U.S.
Occupied Housing Units	43,462, 100%	3,188,498	116,211,092
No Vehicles Available	13,138, 30.23%, see rank	11.70%	9.12%
1 Vehicles Available	19,093, 43.93%, see rank	34.71%	33.80%
2 Vehicles Available	8,154, 18.76%, see rank	36.16%	37.48%
3 or More Vehicles Available	3,077, 7.08%, see rank	17.43%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.