Real Estate Investing in Paterson, New Jersey (07514)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07514 (Paterson, NJ)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.5% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Paterson, NJ (07514)?
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Market Analysis: 07514 Paterson
In practical terms, ZIP 07514 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $543K median. It rewards specialists, not generalists.
The 07514 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 07514's metrics run below Passaic County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 07514 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 07514 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
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 07514 Compare?
| Metric | 07514 | Paterson | New Jersey |
|---|---|---|---|
| Home Value | $543,461 | $483,794 | $559,826 |
| 5-Year CAGR | 6.7% | 6.6% | 8.4% |
| Avg Rent | $1,989 | $2,025 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07514 (Paterson, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $543,461 |
| Monthly Rent | $1,989 |
| Price-to-Rent | 22.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +9.2% ▲ |
🏠 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 (2.9%). 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 07514
Population: 18,912
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 07514
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Charles J. Riley/ School 9
Dr. Hani Awadallah School
Dr. Martin Luther King Jr. Educational Complex
Edward W. Kilpatrick
Gantner Avenue School
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 6,904 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What monthly rent should investors expect in Paterson, NJ?
The typical rental in Paterson, NJ commands about $1,989/mo monthly. That rent profile predictable cash flow against the $543K purchase basis.
Is Paterson, NJ better for rentals, flips, or BRRRR?
In Paterson, NJ the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $543K prices and $1,989/mo rents suits that approach.
Is vacancy a concern in Paterson, NJ?
Paterson, NJ carries elevated vacancy risk. Expect reliable absorption at market rents of $1,989/mo.
Can I house hack in Paterson, NJ?
House hacking in Paterson, NJ is reasonable to execute. Prices around $543K and rents of $1,989/mo solid owner-occupant economics.
How strong is Paterson, NJ for real estate investors?
The 3.0/5 investability rating in Paterson, NJ reflects its $543K prices and $1,989/mo rents. Investors generally consider it a solid option within NJ.
You know 07514 now. You don’t know where it ranks.
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How 07514 ranks in New York-Newark-Jersey City, NY-NJ-PA
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