Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Downtown Paterson area can be challenging. Home prices in Downtown Paterson are now at a median cost of $272,392, higher than the Paterson average of $264,352.
The average cost of rent is $1,091/mo in Downtown Paterson, primarily driven by the current value of real estate in the Downtown Paterson area. While nearly 42.12% of residents own their homes outright in Downtown Paterson, 90.75% rent.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Paterson is $2,915 per month. Households that rent pay about 37.43% of their income on rent here. Downtown Paterson's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Nearby Neighborhoods
- Albion Place, Clifton, NJ: higher priced homes
- Lake View, Paterson, NJ: higher priced homes
- Radburn, Fair Lawn, NJ: higher priced homes
- Richfield, Clifton, NJ: higher priced homes
- Warren Point, Fair Lawn, NJ: higher priced homes
- Passaic Junction, Saddle Brook, NJ: higher priced homes
- Athenia, Clifton, NJ: higher priced homes
- Ridgewood Junction, Glen Rock, NJ: higher priced homes
- Allwood, Clifton, NJ: higher priced homes
- Downtown Ridgewood, Ridgewood, NJ: higher priced homes
Neighborhoods with Similar Populations
- East Falls, Philadelphia, PA: equally priced homes
- Marina-San Francisco, San Francisco, CA: higher priced homes
- Martha Lake, Lynnwood, WA: higher priced homes
- Edison Park, Chicago, IL: higher priced homes
- Meadow Point, Wesley Chapel, FL: equally priced homes
- Eastwood, Syracuse, NY: less expensive homes
- Eastwick, Philadelphia, PA: less expensive homes
- Midway, St. Paul, MN: less expensive homes
- East Village, San Diego, CA: higher priced homes
- Monta Loma, Mountain View, CA: higher priced homes
All Local Stats
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