Home prices
The price of the median home in Passaic is $332,700. In comparison to other places in this area this is approximately $47,400 (12%) lower.It is about $115,200 (52%) higher in comparison to the rest of the nation, and compared to the city of New York is about $273,300 (45%) lower.
Rents
The median rent in Passaic is $1,183 a month. Compared to nearby areas this is approximately $256 (17%) lower.It is approximately $121 (11%) higher in comparison to the entire nation, and compared to the city of New York is roughly $260 (18%) lower.
Nearby places
Wallington
Wallington is Passaic's neighbor to the east. Its housing prices are somewhat more expensive. Wallington's median home price is $375,800, which comes out to $43,100 (11%) higher than Passaic. Rent there is similar. Wallington's median monthly rent is $1,237, which is $54 (4%) higher than Passaic.
Clifton
Clifton is Passaic's neighbor to the west. Its housing prices are similar. Clifton's median home price is $345,400, which comes out to $12,700 (3%) higher than Passaic. Rent there is a little more expensive. The median rent in Clifton is $1,409 a month, which works out to $226 (16%) higher than Passaic.
Garfield
Garfield is Passaic's neighbor to the northeast. Real estate prices there are pretty similar. The price of the median home in Garfield is $338,400, which works out to $5,700 (1%) higher than Passaic. Rents there are somewhat more expensive. The median monthly rent in Garfield is $1,326, which is $143 (10%) higher than Passaic.
Wood-Ridge
Wood-Ridge is about 1 mile east from Passaic. Its housing prices are a bit more expensive. The median home in Wood-Ridge costs $411,800, which comes out to $79,100 (19%) higher than Passaic. The rent there is a lot more expensive. In Wood-Ridge the median rent is $1,779 per month, which is $596 (33%) higher than Passaic.
Hasbrouck Heights
Hasbrouck Heights is roughly 2 miles east from Passaic. Its housing prices are a bit more expensive. The median home price in Hasbrouck Heights is $429,100, which is $96,400 (22%) higher than Passaic. The rent there is a little more expensive. Hasbrouck Heights's median rent is $1,445 a month, which is $262 (18%) higher than Passaic.
