Rental market snapshot for Paterson, New Jersey
Paterson, New Jersey Rental Property Market Overview
Paterson, New Jersey is a city located in Passaic County, with a population of 157,794 as of 2021, according to the US Census. It is the third-largest city in the state and is known for its diverse population, vibrant culture, and rich history. The city is home to a variety of attractions, including the Great Falls National Historical Park, the Paterson Museum, and the Lambert Castle. Paterson is also home to a number of businesses, restaurants, and entertainment venues, making it a great place to live and visit.
The average rent for an apartment in Paterson is $1,685. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has decreased by 0.85% over the past year.
Last Updated April 28, 2023
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Average monthly rent graph in Paterson New Jersey | Cost of Living
- The most expensive ZIP code in Paterson is 07501 with an average price of $1,895
- The cheapest ZIP code in Paterson is 07502 with an average price of $1,250
Paterson ZIP codes with the highest, most expensive rent
| # | ZIP Code | Average Rent |
|---|---|---|
| 1 | 07501 | $1,895 |
| 2 | 07514 | $1,795 |
| 3 | 07502 | $1,475 |
Live near Paterson, New Jersey's Top Sights and Attractions
Roberto Clemente Park is a beautiful outdoor space located in Paterson, New Jersey. It features a large lake, a playground, and plenty of open green space for picnics and recreation. The park also has a walking path, a basketball court, and a baseball field. The lake is stocked with fish, and visitors can rent boats to explore the lake. There are also plenty of benches and picnic tables for visitors to relax and enjoy the scenery.
Westside Park is a popular outdoor attraction located in Paterson, New Jersey. It features a large lake, walking trails, picnic areas, playgrounds, and a variety of sports fields. The park also has a variety of wildlife, including ducks, geese, and other birds. Visitors can also enjoy fishing, boating, and other recreational activities. The park is a great place to spend time outdoors and enjoy the beauty of nature.
Paterson Great Falls National Historical Park is a stunning natural wonder located in northern New Jersey. The centerpiece of the park is the 77-foot high Great Falls of the Passaic River, which is the second largest waterfall by volume east of the Mississippi River. Visitors can explore the area on foot, taking in the breathtaking views of the falls and the surrounding cliffs. The park also features a historic district, which includes the remains of the historic mills and factories that once lined the river. Visitors can also explore the Great Falls Visitor Center, which offers interactive exhibits and educational programs about the history and ecology of the area.
East Side Park is a large public park located in Paterson, New Jersey. It features a variety of outdoor activities, including a large playground, basketball and tennis courts, a walking path, and a picnic area. The park also has a pond, which is home to a variety of wildlife, including ducks, geese, and other waterfowl. The park is also home to a variety of trees, shrubs, and other vegetation, making it a great place to relax and enjoy nature.
Pennington Park is a sprawling, lush green space located in the heart of Paterson. It features a variety of outdoor activities, including walking and biking trails, a playground, and a lake with a fishing pier. The park also has a picnic area, a gazebo, and a pavilion for special events. The park is a popular destination for families, couples, and individuals looking to enjoy the outdoors.
RigleyS Park is a beautiful outdoor space located in Paterson, New Jersey. It features a large pond, walking trails, and plenty of green space for picnics and outdoor activities. There are also several playgrounds, a skate park, and a basketball court. The park is well-maintained and provides a great place for families and friends to gather and enjoy the outdoors.
River Street Park is a beautiful outdoor space located in the heart of Paterson. It features a large grassy area, perfect for picnics and outdoor activities, as well as a playground for children. The park also has a walking path that winds along the river, providing stunning views of the water and the surrounding area. There are also benches and picnic tables scattered throughout the park, making it a great spot for a relaxing afternoon.
Upper Raceway Park is a family-friendly amusement park located in Paterson, New Jersey. It features a variety of rides, including a roller coaster, bumper cars, a carousel, and a Ferris wheel. The park also has a mini golf course, a batting cage, and an arcade. There are plenty of food options, including a snack bar and a restaurant. The park is open year-round, and hosts special events such as fireworks displays and live music.
Great Falls Preservation & Development is an attraction located in Paterson, New Jersey. It is a historic site that celebrates the city's industrial heritage and the Great Falls of the Passaic River. Visitors can explore the area and learn about the history of the city, its industries, and the importance of the Great Falls. The site includes a boardwalk, a viewing platform, and interpretive signage. There are also educational programs and events throughout the year.
Barbour Park is a picturesque outdoor space located in Paterson, New Jersey. It features a large lake, a variety of trees, and plenty of open space for activities like picnicking, fishing, and walking. The park also has a playground, a basketball court, and a gazebo. Visitors can also take advantage of the park's many trails, which offer stunning views of the surrounding area. The park is a great place to relax and enjoy nature, and it's a popular spot for locals and visitors alike.
Paterson, New Jersey area median rent change by ZIP code map
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How does Paterson compare to other cities in New Jersey ?
| city | median price |
|---|---|
| Guttenberg | $2,650 |
| Chatham | $2,895 |
| Secaucus | $3,025 |
| Evesham | $2,495 |
| Elmwood Park | $2,300 |
| Madison | $2,545 |
| Ventnor City | $2,495 |
| Wanaque | $2,290 |
| Jackson | $2,150 |
| Westwood | $2,227 |
Average household income in Paterson area graph - US Census
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The median household income in Paterson in 2021 was $48,540. This represents a 41.5% change from 2011 when the median was $34,302.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 11.1% |
| 1 | $10,000 to $14,999 | 6.1% |
| 2 | $15,000 to $19,999 | 7.3% |
| 3 | $20,000 to $24,999 | 5.7% |
| 4 | $25,000 to $29,999 | 5.0% |
| 5 | $30,000 to $34,999 | 5.3% |
| 6 | $35,000 to $39,999 | 4.8% |
| 7 | $40,000 to $44,999 | 4.7% |
| 8 | $45,000 to $49,999 | 4.5% |
| 9 | $50,000 to $59,999 | 7.3% |
| 10 | $60,000 to $74,999 | 10.0% |
| 11 | $75,000 to $99,999 | 11.7% |
| 12 | $100,000 to $124,999 | 6.6% |
| 13 | $125,000 to $149,999 | 4.0% |
| 14 | $150,000 to $199,999 | 3.7% |
| 15 | $200,000 or more | 2.4% |
