Paramus, NJ Real Estate

According to census data in the year 2000 there were 8,209 housing units in Paramus. This represents a 4% growth from 7,892 in 1990.

Of those housing units, 8,209 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Paramus is about 90.7%. Paramus's vacancy rate, including seasonal lodging, is about 1.5%. Average household size is 3 people.

The majority of houses, apartments or condos in Paramus were built after 1958.


Housing Size

Housing Units by Size
Studio Type0.20%
One Bedroom2.90%
Two Bedrooms10%
Three Bedrooms44.40%
Four Bedrooms35%
Five Bedrooms or more7.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.99
Median year structure was built1957
Median Value of occupied units$284,800
Median Price asked for vacant units$272,100

Rented Homes, Apartments and Condos

Average Household Size3.05
Median year structure was built1964
Median Monthly Rent asked for vacant units$707

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage6.30%
Home Equity Loan10.70%
Simple Mortgage45%
Debt Free37.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs21%