The story of this market
The typical home in ZIP 07504 sells for about $580,000, or $287 per square foot.
Prices are up +4.6% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,526 a month.
ZIP 07504 — Paterson
The Paterson housing market shows steady activity with a median sale price of $580,000, reflecting a modest year-over-year increase. Market conditions remain balanced as demand for urban housing persists, supported by the city's proximity to major employment hubs. Inventory levels and days on market suggest a stable environment for both buyers and sellers.
This ZIP code is well-suited for commuters seeking proximity to NYC, as well as families and investors looking for urban housing options within a historic and diverse community.
Median prices moved up 4.6% year over year.
Homes spend a median of 32 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.0% · poverty 15.6% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 07504, Paterson City, New Jersey
Paterson records violent and property crime rates that are higher than most cities reporting to the FBI. The city's police department continues to monitor these trends within the regional context of Passaic County.
Public schools in the area are managed by the Paterson Public School District, which faces ongoing challenges regarding academic performance and resource allocation.
The area is subject to standard regional flood and wind risks common to Northern New Jersey, with insurance premiums influenced by urban density and local hazard mapping.
Paterson benefits from its proximity to New York City and a diverse local economy, though large-scale new development is often constrained by the city's historic urban footprint.
Property taxes in Paterson are determined by the city's municipal tax rate combined with county and school district levies, with assessments managed by the local tax assessor.
Residents have access to major highway corridors and public transit options, including NJ Transit bus and rail services, facilitating commutes to the New York City employment core.
The area features access to local parks and the historic Great Falls of the Passaic River, with various shopping and dining districts located throughout the city.
The rental market is characterized by high demand and steady activity, with a significant portion of the housing stock dedicated to rental properties.
The local economy is driven by a mix of small businesses, manufacturing, and service-sector employers, supported by the city's strategic location in the New York metropolitan area.
The city is served by an extensive network of bus routes and is connected to the broader region via major highways and commuter rail lines.
Development efforts are focused on urban revitalization and the adaptive reuse of historic industrial properties.
The Passaic County Board of Taxation oversees the assessment process, ensuring compliance with state-mandated property valuation standards.
Parcels are subject to municipal, county, and school district taxes, with additional utility-specific service districts potentially applicable.
Property insurance markets in the area are influenced by urban risk factors and regional climate-related hazard assessments.
Data retrieved from data.census.gov for ZCTA 07504.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- American Dream4.58 mi
- DreamWorks Water Park4.38.1 mi
- Nickelodeon Universe Theme Park4.58.2 mi
- Color Factory NYC4.414.7 mi
- Area 53 - Adventure Park4.517.8 mi
- American Dream4.58 mi
- MetLife Stadium4.57.6 mi
- Madison Square Garden4.713.5 mi
- Yankee Stadium4.712.5 mi
- Barclays Center4.518 mi
- The Metropolitan Museum of Art4.813 mi
- Central Park4.812.8 mi
- American Dream4.58 mi
- MetLife Stadium4.57.6 mi
- American Museum of Natural History4.612.5 mi
- The Metropolitan Museum of Art4.813 mi
- Rockefeller Center4.713.5 mi
- Empire State Building4.713.9 mi
- The Museum of Modern Art4.613.4 mi
- American Museum of Natural History4.612.5 mi
- Central Park4.812.8 mi
- Sheep Meadow4.813 mi
- Paterson Great Falls National Historical Park4.52.2 mi
- Branch Brook Park4.610.1 mi
- Bow Bridge4.812.9 mi
- Van Cortlandt Park Golf Course4.313 mi
- 21 Golf Range Powered by Toptracer4.58.3 mi
- Rock Spring Golf Club4.211.9 mi
- Skyway Golf Course4.512.7 mi
- Rockleigh Golf Course3.612.2 mi
- American Dream4.58 mi
- Westfield Garden State Plaza4.53.3 mi
- Willowbrook4.46.5 mi
- T.J. Maxx4.113 mi
- Bergen Town Center4.54.2 mi
- Newark Liberty International Airport3.715.6 mi
- LaGuardia Airport4.116.7 mi
- Westchester County Airport424.9 mi
- Teterboro Airport4.45.5 mi
- North Shore University Hospital Heliport4.624.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major landmark and natural attraction featuring the historic waterfall.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.