Passaic, NJ Real Estate

According to census data in the year 2000 there were 20,194 housing units in Passaic. This represents a 2.9% growth from 19,619 in 1990.

Of those housing units, 20,194 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Passaic is about 26.9%. Passaic's vacancy rate, including seasonal lodging, is about 3.6%. Average household size is 3.46 people.

The majority of houses, apartments or condos in Passaic were built after 1945.


Housing Size

Housing Units by Size
Studio Type5.10%
One Bedroom26.60%
Two Bedrooms37.70%
Three Bedrooms20.10%
Four Bedrooms6.90%
Five Bedrooms or more3.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.9
Median year structure was built1941
Median Value of occupied units$153,000
Median Price asked for vacant units$176,600

Rented Homes, Apartments and Condos

Average Household Size3.29
Median year structure was built1947
Median Monthly Rent asked for vacant units$501

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage10.30%
Home Equity Loan5.80%
Simple Mortgage56.80%
Debt Free26.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs25.7%