ZIP Code · NJ

ZIP 07524

Part of Paterson, NJ

Pop. 13,808·Passaic County·180th most expensive ZIP in New Jersey

Median rent (all units)

$2,000/mo

Year-over-Year

Stable

Month-over-Month

-1.0%

vs US Median

+$68

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 07524 · $2,000

More expensive than 61% 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

$1,500

1 BR

$1,710

2 BR

$1,960

3 BR

$2,390

4 BR+

$3,050

Research median

$1,960/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

What a typical income covers

30% of the median household income ($49,103) is $1,228 a month. That is less than HUD's Fair Market Rent for a studio ($1,500).

Rank in Paterson

3rd cheapest of 4 ZIP codes in Paterson.

Cheaper nearby

ZIP 07501, 2 miles away, rents for 10% less ($1,796/mo), about $2,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 07524. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$24,000/yr

At $2,000/mo median

Location

CityPaterson

StateNJ

CountyPassaic County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 0.0% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+0.0% YoY, -1.0% MoM), not inventory.

Demographics

Who lives here

ZIP 07524 (Paterson, NJ) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 8.9% of residents hold a bachelor's degree or higher.

Population

13,808

Median income

$49,103

Median age

32.7

Renters

80.6%

Age distribution

26.2%

26.8%

25.3%

12.2%

Under 1826.2%

18–3426.8%

35–5425.3%

55–649.4%

65+12.2%

Gender

51%

49%

Male51%

Female49%

Race & ethnicity

22.3%

78.2%

White3.1%

Black22.3%

Hispanic78.2%

Education (25+)

32.2%

42.6%

16.4%

No HS diploma32.2%

HS diploma42.6%

Some college16.4%

Bachelor's+8.9%

Housing tenure

19.4%

80.6%

Owner19.4%

Renter80.6%

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

2021 vs 2026

How ZIP 07524 in Paterson, NJ has changed in 5 years

Income

$42,724 → $49,103

up 14.9%

Population

14,611 → 13,808

down 5.5%

Renter share

77.9% → 80.6%

+2.7 pts

Bachelor's+

12.1% → 8.9%

-3.2 pts

Median age

29.8 → 32.7

+2.9 yrs

Census figures show median household income at $49,103 today, compared with $42,724 five years earlier. The population has contracted by 5.5% since 2021, moving from about 14,611 residents to roughly 13,808. Renters now make up 80.6% of households, compared with 77.9% five years ago. College-educated residents now make up 8.9% of adults here, versus 12.1% in 2021.

Community

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Local insights

Tips for renters in ZIP 07524

About renting in ZIP 07524

Last updated: October 17, 2026

ZIP code 07524 covers Paterson, NJ. The median rent here is $2,000/mo as of October 2026. A 1-bedroom rents for a median of $1,710/mo. A 2-bedroom rents for a median of $1,960/mo.

At 49% of local median household income ($49,103/yr), ZIP 07524 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 07524?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (about $38/hour full-time) to afford the median rent of $2,000/mo in ZIP 07524. The local median household income is $49,103/yr, so the typical household falls short of that bar.