The Most Affordable Neighborhoods in Passaic, NJ by Home Value

These days, finding an affordable place to live in the Passaic area can be challenging. Home prices in Passaic are now at a median cost of $408,159, lower than the New Jersey average of $496,577.

The average cost of rent is $1,473/mo in Passaic, primarily driven by the current value of real estate in the Passaic area. In Passaic, 76.23% of households rent, and 43.75% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Passaic is $5,208 per month. Households that rent pay about 28.28% of their income on rent here. Passaic’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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