Real Estate Investing in Paterson, New Jersey (07503)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07503 (Paterson, NJ)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Paterson, NJ (07503)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07503 Paterson
The 07503 ZIP in Paterson, NJ is a local-operator market. Outside capital chasing a $565K entry has to pair deep knowledge with the discount.
The investment case in 07503 is resilient only for operators who understand what they are buying. A $565K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within NJ, ZIP 07503 trails on several market indicators that neighboring Passaic County submarkets outperform. The gap is real and durable enough to shape underwriting.
The 07503 ZIP's population of 19,567 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Distressed ZIPs reward experience. healthy returns are possible in 07503, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Paterson:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07503 Compare?
| Metric | 07503 | Paterson | New Jersey |
|---|---|---|---|
| Home Value | $564,711 | $483,794 | $559,826 |
| 5-Year CAGR | 8.0% | 6.6% | 8.4% |
| Avg Rent | $2,223 | $2,025 | - |
| Cap Rate | 3.1% | 2.9% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07503 (Paterson, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $564,711 |
| Monthly Rent | $2,223 |
| Price-to-Rent | 21.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +10.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 07503
Population: 19,567
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 07503
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Abraham Lincoln School #6
Beatrice Gilmore School
Christopher Columbus School #8
Dr. Martin Luther King Jr. Educational Complex
Edward W. Kilpatrick
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 5,291 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the tenant pool like in Paterson, NJ?
The renter base in Paterson, NJ is reasonable for the $2,223/mo price point. Screening well and pricing to market typically yields predictable tenants.
Does Paterson, NJ make sense for an investment property?
Paterson, NJ rates 3.0/5 for investability. With median values at $565K and rents near $2,223/mo, the market offers reasonable fundamentals for rental investors.
What price range are homes in Paterson, NJ?
Paterson, NJ median home values land near $565K. That is reasonable territory for investors looking at $2,223/mo-per-month rentals.
Is Paterson, NJ landlord-friendly?
Paterson, NJ falls under NJ landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
How much rent can I charge in Paterson, NJ?
Expect rents around $2,223/mo per month in Paterson, NJ. With home values at $565K, the yield math works out to reasonable levels for rental investors.
You know 07503 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07503 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 07503 ranks in New York-Newark-Jersey City, NY-NJ-PA
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