The story of this market
The typical home in ZIP 07524 sells for about $569,900, or $308 per square foot.
Prices are up +4.7% from a year ago, so sellers still have some momentum. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $1,412 a month.
ZIP 07524 — Paterson
The Paterson housing market is currently experiencing a period of stability with a median home value around $569,900. Market conditions are characterized by a competitive environment for buyers, with a steady supply of multi-family and single-family inventory.
This area is suitable for a mix of family buyers and investors, given the availability of multi-family properties and a range of single-family home price points.
Median prices moved up 4.7% year over year.
Homes spend a median of 57 days on market with 0.0 months of supply — a balanced-paced 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 13.0% · poverty 22.5% — elevated distress and economic pressure.
ZCTA 07524, Paterson NJ
The rental market in Paterson shows steady activity with a median rent of $2,150 per month and a significant inventory of rental properties.
Paterson's economy is supported by a diverse mix of industries, with a significant number of commercial and multi-family properties contributing to the local economic base.
Data retrieved from American Community Survey 2020-2024 estimates for Paterson city.
- American Dream4.59.5 mi
- DreamWorks Water Park4.39.6 mi
- Nickelodeon Universe Theme Park4.59.6 mi
- Color Factory NYC4.416.2 mi
- Area 53 - Adventure Park4.519.3 mi
- American Dream4.59.5 mi
- MetLife Stadium4.59.1 mi
- Madison Square Garden4.715 mi
- Yankee Stadium4.713.9 mi
- Barclays Center4.519.5 mi
- American Dream4.59.5 mi
- MetLife Stadium4.59.1 mi
- Westfield Garden State Plaza4.54.3 mi
- The Met Cloisters4.812.6 mi
- Medieval Times Dinner & Tournament4.78.9 mi
- The Metropolitan Museum of Art4.814.5 mi
- Rockefeller Center4.715 mi
- Empire State Building4.715.4 mi
- The Museum of Modern Art4.614.9 mi
- American Museum of Natural History4.614 mi
- Paterson Great Falls National Historical Park4.51.6 mi
- Branch Brook Park4.611.1 mi
- Van Saun County Park4.75.6 mi
- Overpeck County Park4.69.5 mi
- Garret Mountain Reservation4.72.3 mi
- 21 Golf Range Powered by Toptracer4.59.7 mi
- Rock Spring Golf Club4.212.5 mi
- Rockleigh Golf Course3.612.5 mi
- Sunset Valley Golf Course4.19.1 mi
- Upper Montclair Country Club4.65.8 mi
- American Dream4.59.5 mi
- Westfield Garden State Plaza4.54.3 mi
- Willowbrook4.46.1 mi
- Bergen Town Center4.55.2 mi
- Newark Liberty International Airport3.716.7 mi
- LaGuardia Airport4.118.2 mi
- Westchester County Airport425.2 mi
- Teterboro Airport4.47 mi
- North Shore University Hospital Heliport4.626 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.