Real Estate Investing in Paterson, New Jersey (07522)
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Should you buy in 07522 (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.
- Elevated poverty: 24.1% poverty rate — can affect rent collection.
- Higher unemployment: 10.4% unemployment — tenant risk signal.
What’s happening in Paterson, NJ (07522)?
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Market Analysis: 07522 Paterson
The 07522 ZIP covers a section of Paterson that demands careful diligence. Prices near $496K look accessible, but the work to make a deal cash flow is real.
The investment case in 07522 is solid only for operators who understand what they are buying. A $496K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 07522 among NJ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 07522 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. solid returns are possible in 07522, 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 07522 Compare?
| Metric | 07522 | Paterson | New Jersey |
|---|---|---|---|
| Home Value | $496,042 | $483,794 | $559,826 |
| 5-Year CAGR | 7.1% | 6.6% | 8.4% |
| Avg Rent | $2,284 | $2,025 | - |
| Cap Rate | 3.6% | 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 07522 (Paterson, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $496,042 |
| Monthly Rent | $2,284 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +11.1% ▲ |
🏠 Rent Trends
| 1-Year | +11.5% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 07522
Population: 22,599
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 07522
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
Hawthorne High 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 9,928 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Paterson, NJ?
In Paterson, NJ the median home value sits at $496K. Against the broader NJ market, that reads as reasonable for most investors.
How does Paterson, NJ stack up for property investment?
Yes - Paterson, NJ a 3.0/5 investability score. With $496K home prices against $2,284/mo monthly rent, the market delivers a reasonable entry point for new investors.
How strict are landlord regulations in Paterson, NJ?
Paterson, NJ operates under NJ law, which is tenant-protective overall for landlords. Expect predictable treatment in typical lease and eviction cases.
What do rentals go for in Paterson, NJ?
Rental rates in Paterson, NJ average $2,284/mo. Tenant demand and $496K home values make the yield look reasonable by investor standards.
How strong is tenant demand in Paterson, NJ?
Working renters make up the core of the Paterson, NJ tenant base. The pool is reasonable for investors targeting long-term holds.
You know 07522 now. You don’t know where it ranks.
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How 07522 ranks in New York-Newark-Jersey City, NY-NJ-PA
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