Housing in Paterson, NJ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$500,000
Median List Price
$649,000
Price Per Sq Ft
$305
Days on Market
85
Active Inventory
208
Months of Supply
5.3
Balanced market
Zillow Home Value
$524,928
ZHVI — January 2026
Zillow Rent Index
$2,049
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
51.3%
Off Market in 2 Weeks
16.9%
Sale-to-List Ratio
102.5%
Seller's market
Market Activity
Source: RedfinHomes Sold
39
New Listings
65
Pending Sales
59
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$305
Median List $/SF
$313
Paterson vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 100,000 - 250,000 residents. Paterson is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$335,400
Median Rent
$1,457
Total Housing Units
52,532
Vacancy Rate
5.4%
Owner Occupied
26.2%
Renter Occupied
73.8%
Median Property Tax
$9,752
per year
Monthly Cost (w/ Mortgage)
$2,132
Housing Types
The current median sale price in Paterson, NJ is $500,000 according to Redfin data. Homes spend a median of 85 days on the market. 51.3% of homes sold above asking price. The market has 5.3 months of supply. The median price per square foot is $305. Zillow's observed rent index is $2,049/month. About 26.2% of housing units are owner-occupied. The median year homes were built is 1953. There are 52,532 total housing units.