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West Paterson, NJ Real Estate


According to census data in the year 2000 there were 4,497 housing units in West Paterson. This represents a 1.1% growth from 4,449 in 1990.

Of those housing units, 4,497 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in West Paterson is about 57.5%. West Paterson's vacancy rate, including seasonal lodging, is about 2.2%. Average household size is 2.49 people.

The majority of houses, apartments or condos in West Paterson were built after 1961.

Statistics

Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom19.10%
Two Bedrooms30.80%
Three Bedrooms36.90%
Four Bedrooms10.90%
Five Bedrooms or more1.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.73
Median year structure was built1959
Median Value of occupied units$195,100
Median Price asked for vacant units$275,000

Rented Homes, Apartments and Condos

Average Household Size2.18
Median year structure was built1963
Median Monthly Rent asked for vacant units$782

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.10%
Home Equity Loan7.50%
Simple Mortgage47.80%
Debt Free40.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs20.6%