Paterson, NJ has a population of 147,890, while the median age is 33. The household income in Paterson, NJ is around $36,106. The homeownership rate among the residents is 27%. The median residential property value in Paterson, NJ that you should keep in mind is $235,500.
|Number Of Employees||60,972|
|Median Property Value||$235,500|
|Rent Price||Jul||vs Last Month|
|1 bed rentals||$1,425||+0%|
|2 bed rentals||$1,766||+17.7%|
|3 bed rentals||$2,000||-11.7%|
|4+ bed rentals||$2,700||N/A|
Over the Jul 2022, the average rent for an apartment in/near Paterson, NJ decreased by 18% to $1,739.
Breaking it down in details, we now see that the average price for 1-bed apartment stands at $1,425 with no changes this month. Pricing for 2-bed apartment also increased by 17.7% and a place of this size will now cost you $1,766. 3-bed apartment rent pricing starts at $2,000, it decreased by 11.7% lately. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $2,700 for a big-family home.
|Rent Type Price||Jul||vs Last Month|
The median rent for an apartment in Paterson, NJ decreased by 16.5% to $1,691. Statistics show that house rent price decreased by 23.6% this month making it up to $1,850. Condo for rent is now available for the same pricing as previously — $1,780. The median rent for a townhouse decreased by 22.7%, you’ll have to spend around $1,700 to get one.