Median home value in zip code 07502 (Paterson, NJ) is $532,999, up 3.7% year over year. Part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area.

Home Value$532,999

YoY Change

+3.7%

Prices rising — worse for buyers.

Affordability

Enter your income for 07502 (Paterson).

Income (annual)

Down Payment

$106,600 on $532,999

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

Out of reach51.2% of income

Need $137,271/yr to afford.

PITI$3,203

P/I51.2%

Afford$291K

Gap-$242K

P&I $2,695Tax $391Ins $117

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

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

Metro Analysis

07502 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.

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

Want deeper metro-level analysis?Stress scores, crash risk, 12-month forecasts, and early warning signals for 195 US metros.

Try Free

Weekly briefing

Every Monday — score changes, top movers, and what shifted. Free.