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.
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Home Value$524,928
+4.4%
Rent$2,049/mo
AFFORDABILITYRenting $1,802/mo cheaper ($2,049 rent)6.50% 30yr, 20% down, county tax + NJ ins. 28% per HUD.
Enter your income for Paterson.
$104,986 on $524,928
Out of reach — 61.6% 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
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
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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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