ZIP 07505 · Paterson, New Jersey

Population

4,691 people call ZIP 07505 home.

4,691

people.

Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

Rent

Median rent is up 41% since the 2010–2014 survey, before inflation.

$1,159

a month. New Jersey's median is $1,720.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

Room to build

Local wages can carry more rent than the median charged today.

$1,246–$1,869

is the monthly rent range local workforce wages support.

• $1,159 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

74% of the housing here was built before 2000.

• 74% of all homes were built before 2000

Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

Units needed

Closing the gap would add 1–7% to the 1,715 homes here.

12–116

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 17% less than New Jersey's.

$376,300

median home value in ZIP 07505.

• $376,300 ZIP 07505
• $454,400 New Jersey
• $332,700 U.S.

Census ACS 5-year, 2010-2014. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year