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Paterson New Jersey Real Estate By Jennifer Hershey

Paterson New Jersey Real Estate

Paterson, New Jersey, is located in Passaic County, of , and 15 miles NW of New York, New York. Paterson has a population of 149,222.

Paterson Homes

Paterson properties pool is 44,710 residential properties including Paterson new homes. Median age of real estate in Paterson is 1950. Average Household size is 3.71 people. 6% are one bedroom homes, 35% are 2 bedroom homes, 36% are 3 bedroom homes, 15% are 4 bedroom homes, and 7% are 5+ bedroom homes.

Paterson Mortgage Statistics

Paterson mortgages vs. USA median statistics

Homes Paterson USA
Homes With No Mortgage 28%
30%
Homes With Mortgage 72%
70%
First Mortgage Only 58%
54%
First & Second Mortgage or HELOC 13%
16%

Paterson Area Real Estate Tax

Paterson Real estate Tax: Median Real Estate Taxes (2000) were $4,447 comparing to 1999 Median Family income $ 35,420. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Paterson School District: Children make up 29.8% of Paterson population. Paterson has 44,437 under 18 years old residents, or 0.88 kids per one worker, or 0.99 kids per one household.

Paterson Real Estate & Paterson Homeownership

There are 8942 or 20% one person households, 9836.2 or 22% two person households, and 8047.8 or 18% three person households in Paterson, New Jersey. Median residents age is 30.5, Senior citizens (65+) make up 12,399 or 8.3%% of Paterson population.

There are 50,619 workers (over 16 years of age) in Paterson. Of these, 78.94% drive to work. Approximately 12.23% of workers in Paterson take public transportation. An estimated 5.9% walk to work.

Median Paterson homeowner's housing expences are 24.8%

Crime in Paterson (2003), crimes per 10,000 residents per year

Type of Crime Paterson USA, 2003
Violent Crimes
83.16
47.5
Robberies
45.17
14.2
Aggravated Assaults
34.31
29.5
Property Crimes
347.67
358.8
Burglaries
98.24
74.0
Larceny-Thefts
163.45
241.5
Motor Vehicle Thefts
85.98
43.3

Invest in Paterson Properties

When making a decision about buying real estate in Paterson New Jersey area, you should consider following statistical data:

Category Paterson USA
Near Medium City
-
Near Large City
New York, New York
-
Paterson Zip Codes
07501, 07502, 07503, 07504, 07505, 07506, 07508, 07510, 07512, 07513, 07514, 07522, 07524
-
Paterson Area Codes
973
-
White population
30.77%
75.1%
African-American population
32.9%
12.3%
Asian
1.9%
3.6%
American Indian & Alaskan
0.6%
0.9%
Hispanic (of any race)
50.11%
12.5%
Median Family Income (1999)
$ 35,420%
$42,000
Population Below Poverty Level
21.76%
12.4%

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