What are current home values in Paterson, NJ?

The median home value in Paterson, NJ is $536,737 as of August 2026. This represents a 0.6% increase compared to last month and a 4.8% increase year-over-year.

How have home values changed in Paterson, NJ?

Home values in Paterson, NJ have increased by 0.6% month-over-month and 4.8% year-over-year.

How do home values in Paterson, NJ compare to Passaic County, New Jersey, and the national average?

The median home value in Paterson, NJ ($536,737) compares to: Passaic County ($599,502), New Jersey ($580,353), and the U.S. national median ($368,697).

Paterson, NJ Housing Market

$536,737

4.8% 1-yr

The average Paterson, NJ home value is $536,737, up 4.8% over the past year, and homes go to pending in around 39 days. (Updated on 8/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Paterson Key Takeaways

Typical Home Values: $536,737

1-Year Value Change: +4.8%

(Data through August 31, 2026)

Paterson Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 134 (August 31, 2026)

New Listings: 34 (August 31, 2026)

Median Sale to List Ratio: --

Median Sale Price: --

Median List Price: $479,650 (August 31, 2026)

Percent of Sales Over List Price: --

Percent of Sales Under List Price: --

Median Days to Pending: 39 (August 31, 2026)

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Zip Codes

NameMedian ZHVI
07501$478,223
07522$492,995
07502$540,309
07524$533,650
07513$587,347
07503$562,017
07514$535,100
07504$582,375
07508$642,207

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Paterson Rental Market Trends

Average Rent: $1,878 (August 31, 2026)

National Average Rent: $1,948 (August 31, 2026)

Month-Over-Month Change: -0.1% (August 31, 2026)

Year-Over-Year Change: 1% (August 31, 2026)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.