The story of this market
The typical home in ZIP 07508 sells for about $580,000, or $287 per square foot.
Prices are up +13% from a year ago, so sellers still have some momentum. Homes take about 40 days to sell. HUD's fair market rent for a two-bedroom is $1,739 a month.
ZIP 07508 — North Haledon
The Paterson housing market is showing strong price appreciation with a 13% year-over-year increase in median sale prices. Market activity remains steady with a median of 40 days on market, driven by demand from buyers seeking urban convenience near New York City. Figures are based on city-wide data as specific ZCTA-level metrics for 07508 are limited.
The area fits investors and commuters looking for urban convenience and proximity to New York City at a lower price point than surrounding suburban markets.
Median prices moved up 13.0% year over year.
Homes spend a median of 40 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.7% · poverty 11.9% — a stable, low-distress profile.
ZIP code tabulation area 07508
Paterson records higher violent and property crime rates compared to most cities reporting to the FBI.
Paterson is a historic urban center with ongoing interest from investors and proximity to New York City employment hubs.
The area offers proximity to New York City, serving as a residential base for commuters utilizing regional transit corridors.
The area features local urban parks and historic sites, with shopping and dining districts integrated into the city's urban fabric.
The rental market shows steady activity with a median rent of $2,150 per month and significant inventory of rental properties.
The local economy is driven by a diverse mix of urban services, retail, and proximity to the broader New York City metropolitan employment market.
The city is served by regional highway and transit infrastructure connecting it to the wider New Jersey and New York City metropolitan area.
- American Dream4.512 mi
- DreamWorks Water Park4.312.1 mi
- Nickelodeon Universe Theme Park4.512.1 mi
- Color Factory NYC4.418.6 mi
- The Funplex4.314.1 mi
- American Dream4.512 mi
- MetLife Stadium4.511.6 mi
- Madison Square Garden4.717.5 mi
- Yankee Stadium4.716.3 mi
- Javits Center4.616.9 mi
- American Dream4.512 mi
- MetLife Stadium4.511.6 mi
- Westfield Garden State Plaza4.56.4 mi
- Medieval Times Dinner & Tournament4.711.2 mi
- DreamWorks Water Park4.312.1 mi
- The Metropolitan Museum of Art4.817 mi
- Rockefeller Center4.717.5 mi
- Empire State Building4.717.9 mi
- The Museum of Modern Art4.617.4 mi
- American Museum of Natural History4.616.5 mi
- Paterson Great Falls National Historical Park4.52.9 mi
- Branch Brook Park4.613 mi
- Van Saun County Park4.77.5 mi
- Overpeck County Park4.611.9 mi
- Garret Mountain Reservation4.73.9 mi
- 21 Golf Range Powered by Toptracer4.512.2 mi
- Sunset Valley Golf Course4.17.2 mi
- Upper Montclair Country Club4.67.6 mi
- Darlington Golf Course4.16.9 mi
- Preakness Valley Golf Course4.23.4 mi
- American Dream4.512 mi
- Westfield Garden State Plaza4.56.4 mi
- Willowbrook4.46 mi
- Bergen Town Center4.57.3 mi
- Paramus Park4.36.2 mi
- Newark Liberty International Airport3.718.5 mi
- LaGuardia Airport4.120.6 mi
- Westchester County Airport426.2 mi
- Teterboro Airport4.49.5 mi
- North Shore University Hospital Heliport4.628.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A major landmark and national historical park featuring the Great Falls of the Passaic River.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.