07501, Paterson, NJ

The 7501 zip code of Paterson, NJ has a median home value of $106,000 and a median home equity of $68,000. This is lower than the statewide median home value of $177,500 and the national median home equity of $142,200. The percentage of homes in the 7501 zip code that are owner-occupied is lower than both the statewide percentage of owner-occupied homes (69%) and the national percentage (70%). The percentage of homes in the 7501 zip code that are renter-occupied is higher than both the statewide percentage of renter-occupied homes (34%) and the national percentage (30%).

The average monthly mortgage payment for a house in the 7501 zip code is $1,821. This is higher than both the statewide average monthly mortgage payment ($1,527) and the national average monthly mortgage payment ($1,161). The percent of households in the 7501 zip code that have a mortgage is higher than both the statewide percent of households with a mortgage (60%) and the national percent with a mortgage (55%).