Area data
Paterson, NJ — ZIP 07503
Population: 19,170 (Census ACS)
The median home value in ZIP 07503 (Paterson, NJ) is $564,711 — up 8.3% over the past year. Homes sell for a median $235,000 after a median 176 days on market. Typical rent runs $2,223/month. 5 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with lightning, strongwind, winterweather the top-rated hazards. Cost of living is 12.5% above the US average (BEA, metro/state-level).
$564,711
Median home value
+8.3%
1-year change
176
Median days on market
Relatively High
Hazard risk (county)
Home values & appreciation
- Median home value
- $564,711
- 1-year appreciation
- +8.3%
- 3-year appreciation
- +25.0%
- 5-year appreciation
- +45.4%
- 10-year appreciation
- +158.4%
- All-time peak (2026-07)
- $564,711
- House Price Index (state)
- 430.8 (+5.2% YoY)
Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)
Market activity
- Median sale price
- $235,000
- Median list price
- $299,000
- 1-year sale-price change
- -22.6%
- Median days on market
- 176 days
- Homes sold (recent period)
- 1
- For-sale inventory
- 20
- Sale-to-list ratio
- 95.9%
- Active listings
- 4
- 1-year forecast
- +2.6%
- New listings (monthly)
- 4
Source: recent area sales and market data (ZIP-level)
Rents
- Typical rent
- $2,223/mo
- Studio fair-market rent
- $1,620/mo
- 1BR fair-market rent
- $1,850/mo
- 2BR fair-market rent
- $2,120/mo
- 3BR fair-market rent
- $2,590/mo
- 4BR fair-market rent
- $3,300/mo
Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)
Affordability
- Cost of living index (High)
- 112.5 (100 = US avg)
- Electricity rate (state-level)
- 22.6¢/kWh
- Natural gas rate (state-level)
- $14.20/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)
Schools
- Total schools
- 5
- Elementary schools
- 4
- Middle schools
- 0
- High schools
- 0
- Charter schools
- 1
- School districts serving the area
- Paterson Charter School for Science and Technology, Paterson Public School District
- Schools include
- Paterson Charter School for Science/Technology, Dr. Hani Awadallah School, School 8, Charles J. Riley School 9, School 25
Source: NCES school directory, 2022-23 (school-address-based)
Natural hazards & flood risk
- Overall hazard risk (county)
- Relatively High
- Top hazards (county)
- lightning, strongWind, winterWeather, coldWave, inlandFlooding
- Notable hazard ratings (county)
- coldWave: Relatively High · drought: Relatively Low · earthquake: Relatively Moderate · heatWave: Relatively Moderate · hurricane: Relatively Moderate · iceStorm: Relatively Moderate
- FEMA flood zone
- C
- Flood risk level
- Minimal
- Wildfire risk to homes (county)
- Higher than 30% of US counties
- Buildings in wildfire direct-exposure zone
- 24.1%
- Radon potential (county)
- Moderate radon potential — EPA Zone 2 of 3
- EPA Superfund (NPL) sites within 5 mi
- 4
- Nearest Superfund site
- Curcio Scrap Metal, Inc. (2.7 mi)
Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL
Climate (30-year normals)
- Annual precipitation
- 52.8 in
- USDA plant hardiness zone
- 7a (extreme annual low 0 to 5°F)
Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 42
- Days with Good air quality
- 241
- Days with Moderate air quality
- 104
- Days with Unhealthy air quality
- 4
- Highest AQI recorded (year)
- 199
Source: EPA air quality data (nearest monitoring station, annual)
Walkability & transit
- Walkability index
- 15.5 / 20
- Transit service frequency
- 170
- Jobs reachable by car (30 min)
- 615,256
- Jobs reachable by transit (45 min)
- 550,393
Source: EPA Smart Location Database (metropolitan block groups)
Amenities
- National parks within ~60 mi
- 21
- Nearest national park
- Paterson Great Falls National Historical Park (2 mi)
- National parks include
- Paterson Great Falls National Historical Park, Thomas Edison National Historical Park, General Grant National Memorial
- Airports within 30 mi
- 13
- Nearest airport
- Teterboro Airport (TEB) (6 mi)
- Nearest major airport
- Teterboro Airport (TEB) (6 mi)
- Hospitals nearby (~15 mi)
- 1
- Hospitals include
- ST JOSEPH'S UNIVERSITY MEDICAL CENTER INC
- Avg hospital rating (CMS)
- 3.0 / 5
- Best hospital rating nearby (CMS)
- 3.0 / 5
- Solar radiation rating
- Fair (3.9 kWh/m²/day)
Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)
Migration
- Net migration (county)
- -3,875 tax filers
Source: IRS county-to-county migration data (county-level, ~12-month lag)
Housing stock
- Median year housing built
- 1,961
- Housing built before 1970
- 61.2%
- Housing built 2000 or later
- 10.4%
- Median annual property tax
- $8,770
- Mean commute to work
- 22 min
- Households with broadband internet
- 70.5%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 146,196
- Average weekly wage
- $1,150
- Top industries (by employment)
- Health Care, Administrative Services, Accommodation & Food
- Annual residential building permits (county)
- 44
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| ZIP 07503 | State median | US median | |
|---|---|---|---|
| Median home value | $564,711 | $577,759 | $289,727 |
| Median sale price | $235,000 | $555,000 | $325,000 |
| Median days on market | 176 days | 42 days | 51 days |
| Typical rent | $2,223/mo | $2,540/mo | $1,808/mo |
| Median annual property tax | $8,770 | $9,504 | $2,006 |
State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.
Area data compiled from public government, academic, and industry research feeds. Data sources →
Common questions
- What is the median home value in ZIP 07503?
- $564,711.
- What is the median sale price in ZIP 07503?
- $235,000.
- How long do homes take to sell in ZIP 07503?
- Median days on market: 176 days.
- What is typical rent in ZIP 07503?
- Typical rent: $2,223/month.
- What is the natural-hazard risk in ZIP 07503?
- Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: lightning, strongWind, winterWeather, coldWave, inlandFlooding.
- Is ZIP 07503 in a flood zone?
- Minimal (FEMA NFIP). FEMA flood zone C.
- What is the wildfire risk in ZIP 07503?
- Risk to homes is higher than 30% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
- What is the radon potential in ZIP 07503?
- Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near ZIP 07503?
- 4 current or proposed National Priorities List sites within 5 miles (EPA). Nearest site: Curcio Scrap Metal, Inc., 2.7 mi.
- How many schools serve ZIP 07503?
- 5 schools (4 elementary) (NCES, 2022-23).
- Is ZIP 07503 walkable?
- Walkability index: 15.5/20 (EPA Smart Location Database).
- What is the air quality in ZIP 07503?
- Good. Median AQI: 42. (EPA AQI).
- What is the cost of living in ZIP 07503?
- Regional Price Parity: 112.5 (100 = US average) (High) (BEA RPP, metro/state-level).
Nearby ZIP codes
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Data last updated
Most recent source refresh: Sep 2026. See all data sources →