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The median home value in Paterson, NJ is $542,128 as of 2026-07-31, up 4.67% from a year earlier.
Median Home Value
$542,128
Year-over-Year
+4.67%
Population
158,903
Paterson ranks #121 of 184 New Jersey cities tracked here by median home value, and sits 12.3% below the state's city median of $618,410. It sits in Passaic County, where the county-wide median is $605,390.
Median household income in Paterson is $55,997, so the typical home value is about 9.7× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.
Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).
Paterson police recorded a violent crime rate of 979 per 100,000 residents in 2024 — higher than most cities that report to the FBI. Property crime runs at 2,351 per 100,000.
Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).
People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Paterson, that value is $542,128. That's up 4.67% from a year earlier. It is about 12.3% below the typical New Jersey city tracked here.
Homes in Paterson are cheaper than Passaic County as a whole, where the median is $605,390 — a difference of about 10.4%.
Median household income here is $55,997, so the typical home value is about 9.7× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.
Paterson police reported 979 violent crimes per 100,000 residents, covering a population of about 158,903. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.
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