Median home value: $525K (+4.4% YoY). Rent: $2,049/mo. Price-to-rent: 21.3x. Part of New York-Newark-Jersey City, NY-NJ-PA.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, New York-Newark-Jersey City, NY-NJ-PA metro page.
Home Value$524,928
+4.4%
Rent$2,049/mo
AFFORDABILITYRenting $1,666/mo cheaper ($2,049 rent)6.00% 30yr, 20% down, county tax + NJ ins. 28% per HUD.
Enter your income for Paterson.
$104,986 on $524,928
Out of reach — 59.4% of income
Need $159,214/yr to afford.
PITI$3,715
P/I59.4%
Afford$247K
Gap-$278K
P&I $2,518Tax $1,080Ins $117
Home Buying Kit For Dummies (2025)Financing, negotiation, closing