Median home value in zip code 07503 (Paterson, NJ) is $542,473, up 9.1% year over year. Part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area.

Home Value$542,473

YoY Change

+9.1%

Prices rising — worse for buyers.

Affordability

Enter your income for 07503 (Paterson).

Income (annual)

Down Payment

$108,495 on $542,473

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

Out of reach52.1% of income

Need $139,629/yr to afford.

PITI$3,258

P/I52.1%

Afford$291K

Gap-$251K

P&I $2,743Tax $398Ins $117

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

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

Metro Analysis

07503 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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