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Foreclosure Homes in Paterson, NJ 07522

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Paterson, NJ Foreclosures

How much do homes sell for in Paterson, NJ?
The average home price is currently $503,692.
In Paterson, NJ, how many homes are available?
There are currently 638 active home listings available in Paterson.
What’s the average rental cost in Paterson, NJ?
The average rental price in Paterson is $1,845.
What is the most expensive home in Paterson?
The most expensive home sold in Paterson had a price of $147,984,336.
What is currently the cheapest priced home in Paterson, NJ?
The cheapest home for sale in Paterson is priced at $11,600.

Living in Paterson, NJ

Patterson, NJ is a culturally rich city with numerous amenities, diverse dining options, and a strong educational framework. It features attractive green spaces and historic charm, making it a desirable location for both residents and investors. With its growing real estate market, Paterson stands out as a promising place to consider for property investment.

Current Market Conditions in Paterson, NJ

The real estate market in Paterson is currently experiencing growth, with increased demand for rental properties and homes for sale. As the area is becoming more attractive for young professionals and families, investors can anticipate a steady appreciation in property values.

Recent trends indicate a diversification in housing options within the city, with more multi-family units being developed alongside single-family homes. This shift is expected to draw more residents to Paterson, leading to further demand for housing.

Home Value Estimator For Paterson, NJ

There are currently 20,303 real estate properties in Paterson, NJ, with a median automated valuation model (AVM) price of $484,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Paterson, NJ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Paterson, NJ, is $503,692.00, with the most expensive house in Paterson, NJ, topping out at $147,984,336.00 and the cheapest home in Paterson, NJ, clocking in at $11,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Paterson, NJ!

Rent Prices In Paterson, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Paterson, NJ, is on a rollercoaster ride. The average rent price in Paterson, NJ, is $1,845.00. Indeed, when looking to rent in Paterson, NJ, you can expect to pay as little as $990.00 or as much as $3,720.00, with the average rent median estimated to be $1,880.00. The good news is that finding an affordable and desirable property to rent in Paterson, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Paterson, NJ 07522 Foreclosures

Market Trend for Paterson, NJ

Total Listings Available: 638

Market Values:

Home Prices from $11,600 to $147,984,336

Average Sales Price: $503,692

Rental Values:

Rental from $990 to $3,720

Average Rent Value: $1,845 / month

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