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ZIP Code · NJ

ZIP 07524

Part of Paterson, NJ
Pop. 13,808·Passaic County·193rd most expensive ZIP in New Jersey
Median rent (all units)
$1,911/mo
Year-over-Year
Stable
Month-over-Month
-9.6%
vs US Median
-$54
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 07524 · $1,911
More expensive than 56% of US ZIP codes · National median $1,965/mo
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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: June 22, 2026

Annual cost
$22,932/yr
At $1,911/mo median
Location
StateNJ
CountyPassaic County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -9.6% 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.

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Local insights

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About renting in ZIP 07524

Last updated: June 22, 2026

ZIP code 07524 covers Paterson, NJ. The median rent here is $1,911/mo as of June 2026. A 1-bedroom rents for a median of $1,710/mo. A 2-bedroom rents for a median of $1,960/mo.

At 47% 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 is rent in ZIP code 07524?

As of June 22, 2026, the median monthly rent in ZIP 07524 (Paterson, NJ) is $1,911. This is based on aggregated data from public sources and community submissions.

How does ZIP 07524 rent compare to the US average?

ZIP 07524's median rent of $1,911/mo is $54 (3%) below the US national median of $1,965/mo.

How does ZIP 07524 compare to other ZIPs in New Jersey?

ZIP 07524 is among the more affordable ZIP codes in New Jersey, ranking #193 out of 213 ZIPs at $1,911/mo.

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 $76,000/year (~$37/hour full-time) to afford the median rent of $1,911/mo in ZIP 07524. The local median household income is $49,103/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 07524?

Rent in ZIP 07524 has been relatively stable over the past year, with a 0.0% change year over year as of June 22, 2026.

Is ZIP 07524 an affordable place to rent?

ZIP 07524 is considered stretched for renters. At $1,911/mo, rent takes approximately 47% of the local median household income ($49,103/yr). The standard benchmark is 30%. ZIP 07524 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 07524 residents rent vs. own?

According to Census data, approximately 80.6% of ZIP 07524 households are renters, while 19.4% are owner-occupied. With a majority renter population, ZIP 07524 has a strong rental market.

How does ZIP 07524 compare to the rest of Paterson?

ZIP 07524 is more affordable than Paterson overall. At $1,911/mo, it's $30 below the Paterson citywide median of $1,941/mo.

When was rent data for ZIP 07524 last updated?

Rent data for ZIP 07524 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
47%
STRETCHED

At $1,911/mo, rent takes ~47% of ZIP 07524's median household income ($49,103/yr). The standard benchmark is 30%.

ZIP 07524 47%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

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