Home prices
The median home cost in Paterson is $244,200. It is roughly $93,920 (27%) lower in comparison to other places in this area.It is roughly $26,700 (12%) higher compared to the entire country, and in comparison to the city of New York is approximately $361,800 (59%) lower.
Rents
Paterson's median monthly rent is $1,193. It is roughly $316 (20%) lower compared to its surrounding areas.It is about $131 (12%) higher in comparison to the nation as a whole, and in comparison to the city of New York is approximately $250 (17%) lower.
Nearby places
Prospect Park
Prospect Park is Paterson's neighbor to the north. The real estate prices there are a little more expensive. Prospect Park's median home cost is $266,300, which works out to $22,100 (8%) higher than Paterson. Rent there is a bit more expensive. Prospect Park's median rent is $1,439 per month, which comes out to $246 (17%) higher than Paterson.
Haledon
Haledon is Paterson's neighbor to the northwest. The housing prices there are a little more expensive. The median home in Haledon costs $271,700, which comes out to $27,500 (10%) higher than Paterson. Rents there are a little more expensive. The median rent in Haledon is $1,408 per month, which is $215 (15%) higher than Paterson.
Elmwood Park
Elmwood Park is Paterson's neighbor to the east. Its real estate prices are a lot more expensive. The median home price in Elmwood Park is $362,700, which works out to $118,500 (32%) higher than Paterson. Rent there is a little more expensive. In Elmwood Park the median rent is $1,660 per month, which is $467 (28%) higher than Paterson.
Woodland Park
Woodland Park is Paterson's neighbor to the southwest. Housing prices there are significantly more expensive. The median home in Woodland Park costs $365,900, which is $121,700 (33%) higher than Paterson. Its rents are a little more expensive. In Woodland Park the median monthly rent is $1,480, which comes out to $287 (19%) higher than Paterson.
Fair Lawn
Fair Lawn is Paterson's neighbor to the northeast. Its real estate prices are substantially more expensive. The median home in Fair Lawn costs $424,000, which comes out to $179,800 (42%) higher than Paterson. Rent there is a bit more expensive. The median monthly rent in Fair Lawn is $1,560, which comes out to $367 (23%) higher than Paterson.
