The story of this market
The typical home in ZIP 07513 sells for about $567,000, or $275 per square foot.
Prices are roughly flat from a year ago (+0.9%), a market in balance. Homes take about 40 days to sell. HUD's fair market rent for a two-bedroom is $1,727 a month.
ZIP 07513 — Paterson
The Paterson housing market in 07513 remains stable with a median price of $567,000, reflecting a balance between high demand for multi-family units and local economic constraints. Market activity is driven by investors and first-time buyers, though high property taxes and flood risk remain key considerations for prospective owners.
This ZIP is primarily suited for investors and multi-family buyers looking for high-density housing opportunities, as well as commuters seeking relatively affordable access to the NYC metro area.
Median prices moved up 0.9% year over year.
Homes spend a median of 40 days on market with 3.5 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.1% · poverty 12.9% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 11.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 07513, Passaic County NJ
Paterson experiences higher crime rates compared to the national average, with property and violent crime being primary concerns for local law enforcement.
Public schools in the area are part of the Paterson Public Schools district, which faces significant challenges in academic performance and resource allocation.
The area is subject to flood risks associated with the Passaic River basin, requiring residents to maintain appropriate flood insurance coverage.
Economic momentum is driven by local manufacturing, healthcare, and retail sectors, with ongoing efforts to revitalize the historic downtown and industrial corridors.
Property taxes in Paterson are among the highest in New Jersey, reflecting the city's reliance on local property assessments to fund municipal and school district operations.
Residents benefit from proximity to major highways like I-80 and NJ-19, with public transit options including NJ Transit bus services providing access to New York City.
The area features access to local parks such as Eastside Park and proximity to the Great Falls National Historical Park, offering historic trails and scenic views.
The rental market is highly active with a significant share of multi-family housing, though rent growth has moderated recently due to increased supply.
The local economy is anchored by healthcare, education, and manufacturing, with significant employment provided by regional hospitals and public institutions.
The area is well-connected by a network of state highways and NJ Transit bus routes, facilitating regional travel.
Development efforts are focused on urban renewal and the conversion of older industrial properties into residential or mixed-use spaces.
The Passaic County Board of Taxation oversees assessments, with properties typically reassessed to maintain equity across the county.
Parcels are subject to municipal, county, and school district taxes, with no major MUD/PID districts reported.
Property insurance premiums are influenced by the area's flood risk profile and urban density, necessitating comprehensive coverage.
Data retrieved from data.census.gov ZCTA-level tables.
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 Dream4.57.9 mi
- DreamWorks Water Park4.38 mi
- Nickelodeon Universe Theme Park4.57.9 mi
- Color Factory NYC4.414.5 mi
- Area 53 - Adventure Park4.517.8 mi
- American Dream4.57.9 mi
- MetLife Stadium4.57.4 mi
- Madison Square Garden4.713.4 mi
- Yankee Stadium4.712.8 mi
- Barclays Center4.517.9 mi
- Central Park4.812.8 mi
- American Dream4.57.9 mi
- MetLife Stadium4.57.4 mi
- American Museum of Natural History4.612.6 mi
- Yankee Stadium4.712.8 mi
- The Metropolitan Museum of Art4.813.1 mi
- Rockefeller Center4.713.5 mi
- Empire State Building4.713.8 mi
- The Museum of Modern Art4.613.4 mi
- American Museum of Natural History4.612.6 mi
- Central Park4.812.8 mi
- Sheep Meadow4.813 mi
- Paterson Great Falls National Historical Park4.51.7 mi
- Branch Brook Park4.69.4 mi
- Bow Bridge4.812.9 mi
- 21 Golf Range Powered by Toptracer4.58.5 mi
- Rock Spring Golf Club4.211.1 mi
- Skyway Golf Course4.512.3 mi
- Sunset Valley Golf Course4.110 mi
- Upper Montclair Country Club4.64.1 mi
- American Dream4.57.9 mi
- Westfield Garden State Plaza4.54 mi
- Willowbrook4.45.8 mi
- T.J. Maxx4.113 mi
- Bergen Town Center4.54.8 mi
- Newark Liberty International Airport3.715 mi
- LaGuardia Airport4.116.9 mi
- Westchester County Airport425.7 mi
- Teterboro Airport4.45.6 mi
- North Shore University Hospital Heliport4.625 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 featuring the historic waterfall and industrial heritage sites.
A large municipal park providing green space and recreational facilities for the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.