ZIP Code · NJ

ZIP 07501

Part of Paterson, NJ

Pop. 35,481·Passaic County·200th most expensive ZIP in New Jersey

Median rent (all units)

$1,796/mo

Year-over-Year

+3.8%

Month-over-Month

+1.1%

vs US Median

-$136

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 07501 · $1,796

More affordable than 51% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,450

1 BR

$1,650

2 BR

$1,900

3 BR

$2,320

4 BR+

$2,960

Research median

$1,900/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 07501 is at its highest level since Zillow's records here began in January 2023.

Past year vs. the rest of New Jersey

Rent in ZIP 07501 changed +3.8% over the year to September 2026. Across the 149 New Jersey ZIP codes Zillow tracks, the typical change was +2.8%.

Recent direction

Rent has risen 3 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($44,300) is $1,108 a month. That is less than HUD's Fair Market Rent for a studio ($1,450).

Rank in Paterson

1st cheapest of 4 ZIP codes in Paterson.

From Zillow's monthly rent index (ZORI) for ZIP 07501. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,552/yr

At $1,796/mo median

Location

CityPaterson

StateNJ

CountyPassaic County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.8% YoY, +1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 07501 (Paterson, NJ) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 8% of residents hold a bachelor's degree or higher.

Population

35,481

Median income

$44,300

Median age

31.1

Renters

83.9%

Age distribution

29.6%

25%

23.7%

12.1%

Under 1829.6%

18–3425%

35–5423.7%

55–649.7%

65+12.1%

Gender

47.9%

52.1%

Male47.9%

Female52.1%

Race & ethnicity

21.6%

71.1%

White7.9%

Black21.6%

Hispanic71.1%

Asian1.3%

Education (25+)

31.1%

40.6%

20.2%

No HS diploma31.1%

HS diploma40.6%

Some college20.2%

Bachelor's+8%

Housing tenure

16.1%

83.9%

Owner16.1%

Renter83.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How ZIP 07501 in Paterson, NJ has changed in 5 years

Rent

$1,558 → $1,796

up 15.3%

Income

$37,256 → $44,300

up 18.9%

Population

36,019 → 35,481

down 1.5%

Renter share

84.5% → 83.9%

-0.6 pts

Bachelor's+

8.6% → 8%

-0.6 pts

Rent in ZIP 07501 in Paterson, NJ has increased 15.3% since 2023, going from about $1,558 per month to roughly $1,796 today. Median household income grew from $37,256 to $44,300 between 2021 and 2024, a 18.9% shift. Income growth outran rent by about 3.6 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 36,019 to 35,481 between 2021 and 2024, a 1.5% change. Taken together, the five-year picture in ZIP 07501 in Paterson, NJ reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 07501

Last updated: October 17, 2026

ZIP code 07501 covers Paterson, NJ. The median rent here is $1,796/mo as of October 2026. A 1-bedroom rents for a median of $1,650/mo. A 2-bedroom rents for a median of $1,900/mo.

At 49% of local median household income ($44,300/yr), ZIP 07501 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 07501?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (about $35/hour full-time) to afford the median rent of $1,796/mo in ZIP 07501. The local median household income is $44,300/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 07501?

Rent in ZIP 07501 has risen 3.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2023.

How does ZIP 07501 compare to other ZIPs in New Jersey?

ZIP 07501 is one of the more affordable among New Jersey ZIP codes for rent, ranking #200 of 209 at $1,796/mo. Over the year to September 2026, rent in ZIP 07501 changed +3.8%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.