House Prices

House Prices & Home Values Paterson, NJ 2026


Average Data

average house price$369,623
average size per house2161 ft²
average price per ft²172 $ / ft²

01/19/2026 - The value range (VR) for house prices in Paterson, NJ is $164/ sqft to $278/ sqft. An average home with 2161 sqft costs approximately $354,404 to $600,758. Paterson, NJ includes 9 ZIP codes and it is located in Passaic county. The lowest prices are found in ZIP 07501, while the highest are in ZIP 07514. The average price per sqare feet is $172. Our analysis is based on 85 property listings.

Avergage prices by ZIP codes Paterson

07501165 $ / ft²
07502244 $ / ft²
07503224 $ / ft²
07504188 $ / ft²
07505184 $ / ft²
07513163 $ / ft²
07514299 $ / ft²
07522180 $ / ft²
07524185 $ / ft²




Historical development of home values in Paterson

Year Estimated value (USD) Change vs. 2025
2010 $171,660 -53.6%
2011 $165,022 -55.4%
2012 $164,577 -55.5%
2013 $170,729 -53.8%
2014 $179,218 -51.5%
2015 $188,416 -49.0%
2016 $198,249 -46.4%
2017 $208,949 -43.5%
2018 $220,501 -40.3%
2019 $230,725 -37.6%
2020 $242,653 -34.4%
2021 $275,991 -25.3%
2022 $321,744 -13.0%
2023 $339,294 -8.2%
2024 $358,923 -2.9%
2025 $369,623 0.0%

Graph: estimated home values in Paterson over time (USD)



Example: 100% financing house in Paterson

Loan amount: $369,623

Interest rate: 6.00%

Fixed monthly payment: $2,216.08

Breakdown in the 1st month:
Interest portion: $1,848.12  –  Principal portion: $367.96

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $22,053.91 $4,539.01 $365,083.99
2 $21,773.95 $4,818.97 $360,265.02
3 $21,476.73 $5,116.19 $355,148.82
4 $21,161.17 $5,431.75 $349,717.07
5 $20,826.15 $5,766.77 $343,950.31
6 $20,470.47 $6,122.45 $337,827.86
7 $20,092.85 $6,500.07 $331,327.79
8 $19,691.94 $6,900.98 $324,426.81
9 $19,266.30 $7,326.62 $317,100.19
10 $18,814.41 $7,778.51 $309,321.69
11 $18,334.65 $8,258.27 $301,063.42
12 $17,825.30 $8,767.62 $292,295.80
13 $17,284.53 $9,308.39 $282,987.42
14 $16,710.41 $9,882.51 $273,104.91
15 $16,100.88 $10,492.04 $262,612.87
16 $15,453.76 $11,139.16 $251,473.71
17 $14,766.72 $11,826.20 $239,647.50
18 $14,037.30 $12,555.62 $227,091.88
19 $13,262.90 $13,330.02 $213,761.86
20 $12,440.73 $14,152.19 $199,609.68
21 $11,567.86 $15,025.06 $184,584.61
22 $10,641.14 $15,951.78 $168,632.84
23 $9,657.27 $16,935.65 $151,697.19
24 $8,612.72 $17,980.20 $133,716.99
25 $7,503.74 $19,089.18 $114,627.81
26 $6,326.36 $20,266.56 $94,361.25
27 $5,076.36 $21,516.56 $72,844.69
28 $3,749.27 $22,843.65 $50,001.04
29 $2,340.32 $24,252.60 $25,748.44
30 $844.48 $25,748.44 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Paterson, NJ


1500 sqft3900 sqft
Ø selling price$312,180$664,092
Ø fast selling$283,800$597,683
Ø high price sale$340,560$730,502

In 2026, houses in Paterson, NJ will be offered at an average price of $172 per square foot. A 1,500 sqft home priced at $312,180 is 23.07% more expensive per square foot than a 3,900 sqft home priced at $664,092. Home prices in Paterson, NJ vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $459,757. Sellers who can wait longer may achieve a higher price of up to $561,925.


Discover Paterson, NJ

History & Landmarks

Located along the Passaic River, Paterson, NJ is known as ?Silk City? for its pivotal role in America?s early Industrial Revolution. The centerpiece is the Paterson Great Falls, a national historical park championed by Alexander Hamilton for hydropower that fueled textile mills.
Top things to do in Paterson include touring the Paterson Museum and Lambert Castle, which showcase inventions from locomotives to silk weaving.

Living & Culture

Today, living in Paterson means enjoying a multicultural food scene with Dominican, Peruvian, Turkish, and Middle Eastern eateries along Main Street and Union Avenue. Sports and arts thrive at restored Hinchliffe Stadium?one of the last surviving Negro Leagues ballparks?and in community galleries and festivals.
Outdoor lovers find river views at Overlook Park and family-friendly picnics in Eastside Park, plus photo-worthy vistas of the falls year-round.

Business, Real Estate & Access

Value-driven Paterson, NJ real estate features prewar architecture and multi-family homes that attract first-time buyers and investors close to New York City. Commuters benefit from NJ Transit rail and bus connections and quick access to I?80, Route 4, and Route 19 for regional travel.
The local economy spans healthcare at St. Joseph?s University Medical Center, small manufacturing, logistics hubs, and a growing base of tech-enabled services. Whether you?re planning a weekend of Paterson attractions or planting roots, the city blends historic power with modern opportunity.



FAQ – Home Values in Paterson

What is the median home value in Paterson in 2026?

In 2026, the typical home value in Paterson is about $369,623 for an average home size of 2161 square feet. This corresponds to an average price of roughly $172 per square foot.

What is the average cost per square foot in Paterson?

In 2026, homes in Paterson sell for an average of around $172 per square foot, with a typical range between $164 and $278 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Paterson is about 2161 square feet, with an estimated 2026 value around $369,623.



Locations close to Paterson, NJ

Hackensack, NJ268 $ / ft²
Bogota, NJ255 $ / ft²
Hasbrouck Heights, NJ225 $ / ft²
Totowa, NJ260 $ / ft²
Haledon, NJ196 $ / ft²
Hawthorne, NJ222 $ / ft²
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