CautiousUpdated MAY 20, 2026

Paterson, NJ

ZIP 07524·Passaic County·New York-Newark-Jersey City, NY-NJ-PA·14,676 residents·Median income $50,033·Leaning Seller

07524 · Paterson, NJ has a HavenScore of 27 — cautious on affordability and fundamentals, per the score.

Compare
27
▲ +5 / 90d#831/831 in NJHavenScore
Rank

Ranked #13,124 of 13,130 nationally · #5,374 of 5,378 small market ZIPs

Switch perspective

Overall view active — Equal weight across affordability, growth, risk, momentum.

Sub-scores below recompute with these weights

Affordability
5/100
Growth
41/100
Risk
26/100
Momentum
44/100
Livability
56/100
Score · trailing 12 mo
22 → 27
+5 points
30-day
+1
90-day
+5
1-yr
+5

Snapshot

Numbers at a glance

Median price
$525,825
Typical home value
YoY change
+3.05%
12-mo trailing
Price-to-income
10.5×
healthy <4.0×
Est. monthly
$3,858
PITI · 20% · 6.51%
Active listings
3
current count
Days on market
123
median DOM
Vacancy
5.3%
Below-average
Owner-occupied
22%
of homes
Denial rate
33.0%
Above-average
Lending activity
5,399
originations
Net migration
-17.4%
net outflow
Income inflow
$59k
average
Walkability
14.7
Above-average
Risk rating
Relatively Moderate
FEMA NRI

Composition

Pillars behind the score

Affordability

35% of score
5/100
Price-to-income
Healthy under 4×·ACS · ZHVI
🔒 Haven
Property tax rate
Annual, as % of value·Tax Foundation 2024
🔒 Haven
Median income
Household·Census ACS
🔒 Haven

Growth momentum

25% of score
41/100
12-month price change
Trailing year·Zillow ZHVI
🔒 Haven
12-month rent change
Trailing year·Zillow ZORI
🔒 Haven
Population
Estimated residents·Census ACS
🔒 Haven

Market risk

20% of score
26/100
Overvaluation
vs fundamentals·HavenScore composite
🔒 Haven
Active listings
Raw count — lower is tighter supply·Realtor.com
🔒 Haven
Price cuts
Share of listings·Realtor.com
🔒 Haven

Momentum

20% of score
44/100
Days on market
Median listing age·Realtor.com
🔒 Haven
Buyer / seller gauge
Market balance·HavenScore composite
🔒 Haven
Demand dial
Composite demand signal·HavenScore composite
🔒 Haven

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Signals

What's driving this score

Top 6 of 14 signals
Tailwinds1
  • Strong price appreciation
    +3.0% year-over-year
Headwinds5
  • High price-to-income
    10.5× income — well above the national median
  • Population outflow
    -17.4% net — people leaving
  • Elevated unemployment
    5.2% unemployment rate
  • Potentially overvalued
    86% above historical price-to-income
  • Slow-moving market
    123 days on market — homes sitting longer
Buyer / seller gauge

Market conditions

Leaning Seller

Conditions tightening in sellers' favor. Sign in to save this ZIP and track how the score moves.

+21
Strong buyerBalancedStrong seller
Trend
Heating toward seller

Pulse

What's changed in the last 90 days

🔒 Haven
Falling

Median price

−1.6%$526k

Change vs. prior 90 days · arrow shows direction, not whether it’s good or bad

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Metrics

The raw numbers

Median Home Value

$525,825

▲ +3.05% YoY
Median Rent

—

Active Inventory

3

Days on Market

123 days

Price Cuts

0.00%

Price-to-Income

10.5×

Median Income

$50,033

Population

14,676

Overvaluation

+86.35%

Trend

Where it's been

Historical Trends

Updated May 2026

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Forecast

Where it's heading

The HavenScore Forecast Model (v1) projects this ZIP’s median value at 3-, 6-, and 12-month horizons, with 80% prediction intervals.

Price Forecast

12-month projection · 80% calibrated interval

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—————
Free · 3 mo  |  Haven · 12 mo →
3-month
🔒 Haven
6-month
🔒 Haven
12-month
🔒 Haven
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Forecasts are the model’s projection, not a prediction. Actuals will differ.

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Payment

What you'd owe each month

Est. monthly payment
$3,858/ mo

20% down · 30-yr fixed · 6.51% · tax 2.23%

Principal$380
Interest$2,282
Property tax$977
Insurance$219
Rent vs buy

Rent data isn’t published for this ZIP, so we can’t compute a rent-vs-buy gap.

Decide

Run the numbers

Cost of ownership over time

Cumulative housing cost, interest paid, and equity built · 10% down · ZIP median income $50,033

1-year
Total housing cost
🔒 Haven
Interest paid
🔒 Haven
Principal paid
🔒 Haven
Equity built
🔒 Haven
5-year
Total housing cost
🔒 Haven
Interest paid
🔒 Haven
Principal paid
🔒 Haven
Equity built
🔒 Haven
30-year
Total housing cost
🔒 Haven
Interest paid
🔒 Haven
Principal paid
🔒 Haven
Equity built
🔒 Haven

Equity assumes flat home value; real appreciation could push it higher · Rate 6.51%

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Haven featurefrom $8/mo

The score has more to say about this ZIP.

A list-timing recommendation for sellers — buyer/seller gauge, recent signals, and a polished PDF. Switch to Seller view to generate it.

Report sections · Haven

Buyer / Seller gauge🔒 Haven
Market state callout🔒 Haven
Recent direction in seller-relevant signals🔒 Haven
Net proceeds estimator🔒 Haven
Methodology summary🔒 Haven
  • List-timing recommendation
  • Metro and ZIP context
  • Polished PDF layout
  • Refreshed monthly
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Pro featurefrom $25/mo

The score has more to say about this ZIP.

A four-page editorial PDF: market summary, full pillar breakdown, 5-year history with forecast, alternatives, and a 30-year cost-of-ownership table.

HavenScore Report07524Market AnalysisGENERATED FOR PRO MEMBERS78PILLAR BREAKDOWNHAVENSCORE.APP · PRO REPORT🔒 Pro
  • Branded PDF with all metrics
  • Includes forecast + scorecards
  • Suitable for client presentations
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Comparable ZIPs

Same shape, lower entry

ZIPs the score groups near 07524 on Affordability and Growth — sorted by lowest median value.

ZIP 07501
Paterson
NJ
30
$459,331-0.43%
ZIP 07522
Paterson
NJ
29
$475,984+2.21%
ZIP 07420
Wanaque
NJ
36
$494,774+4.91%

Sources

Every number, traced

Every metric above is sourced from public datasets, normalized against the national ZIP distribution. Home values and rents refresh monthly; demographics refresh annually.

Zillow Research
Home values, rents, inventory, transactions
Realtor.com
Inventory, days on market, price-cut share
Redfin
Sale prices, transaction volume
US Census ACS
Income, population, vacancy, cost burden
Freddie Mac PMMS
Current 30-year fixed mortgage rates
FHFA HPI
Long-term price trends
HUD Small Area FMR
Per-ZIP fair market rents (rural fallback)
BEA & IRS
Personal income growth, net migration
Lending & accessibility
Lending and neighborhood-access signals

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