New York, NY vs Paterson, NJ
Quick Winners
More affordable: Paterson
Better cash flow: New York
Stronger appreciation: Paterson
Higher investability: Paterson
Higher incomes: New York
Better rent math: Tie
Home Value History — Side by Side
Both lines rebased to 0% at the start of the chosen timeframe. Steeper line = faster appreciation. Switch timeframes to see which market was growing faster over different periods.
Rent History — Side by Side
Both lines rebased to 0% at the start of the chosen timeframe. Steeper line = faster rent growth.
Investment Metrics
| Metric | New York, NY | Paterson, NJ |
|---|---|---|
| Avg Home Value | $572,493 | $483,794 ★ |
| Avg Monthly Rent | $3,425 | $2,025 |
| Cap Rate | 3.2% ★ | 2.9% |
| 5-Year Appreciation (CAGR) | 1.2% | 6.6% ★ |
| 10-Year Appreciation (CAGR) | 2.3% | 9.4% |
| Price-to-Rent Ratio | 22.1 | 22.7 |
| Investability Rating | 2.7/5 | 3.0/5 ★ |
| Landlord Friendliness (State) | 1.0/5 | 1.0/5 |
Demographics
| Metric | New York | Paterson |
|---|---|---|
| Total Population | 8,426,912 | 157,626 |
| Median Household Income | $93,413 ★ | $53,571 |
| % Renters | 63% | 73% |
| Median Age | -81.8 | 34.2 |
| % Bachelor's+ | -55% | 13% |
| Poverty Rate | -106% | 22% |
Bottom Line: Which Fits Your Strategy?
New York, NY and Paterson, NJ represent distinct investor profiles. Review the tables above and weigh which combination of appreciation, cash flow, and demographics fits your strategy.
For deeper analysis, visit each city's dedicated page: New York, NY full profile · Paterson, NJ full profile.