Median home value in zip code 07501 (Paterson, NJ) is $467,717, down 1.5% year over year. Part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area.

Home Value$467,717

YoY Change

-1.5%

Prices falling — better for buyers.

Affordability

Enter your income for 07501 (Paterson).

Income (annual)

Down Payment

$93,543 on $467,717

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

Out of reach45.2% of income

Need $121,071/yr to afford.

PITI$2,825

P/I45.2%

Afford$290K

Gap-$178K

P&I $2,365Tax $343Ins $117

6.50% 30yr, 20% down, county tax + NJ ins. 28% per HUD.

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

Metro Analysis

07501 is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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