07502, Paterson, NJ

The 7502 zip code of Paterson, NJ has a median home value of $101,000 and a median home equity value of $141,000. These values are above the national median home value of $77,500 and the national median home equity value of $130,000. The 7502 zip code is also above the statewide median home value of $76,600 and the statewide median home equity value of $118,200.

There are a number of factors that may contribute to the high values in the 7502 zip code. First, Paterson is a relatively affluent city with a high rate of college attendance and a large population of employed professionals. Second, Paterson's housing stock is generally older and more expensive than in other parts of New Jersey. Finally, Paterson's economy has been strong over the past few years, which may have contributed to increased demand for homes in this area.