The median home in Paterson, New Jersey is valued at $524,928, up 4.4% year over year. Typical monthly rent is $2,049, producing a price-to-rent ratio of 21.3x — well above the national average of 18x. Paterson is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$524,928

+4.4%

Rent$2,049/mo

Prices rising — worse for buyers.

Affordability

Enter your income for Paterson.

Income (annual)

Down Payment

$104,986 on $524,928

Example: $75,000 household income. Change it above to see your own.

Out of reach61.6% of income

Need $165,043/yr to afford.

PITI$3,851

P/I61.6%

Afford$239K

Gap-$286K

P&I $2,654Tax $1,080Ins $117

Renting $1,802/mo cheaper ($2,049 rent)6.50% 30yr, 20% down, county tax + NJ ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in New Jersey

Compare Paterson with other housing markets across New Jersey.

Deal$4.21M Alpine$2.96M Loch Arbour$2.88M Avalon$2.63M Stone Harbor$2.48M Bay Head$2.36M Sea Girt$2.3M Short Hills$2.26M

Full New York-Newark-Jersey City, NY-NJ-PA analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the New York-Newark-Jersey City, NY-NJ-PA metro.

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Paterson, NJ