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Housing market/New Jersey/ZIP 07501

ACS 2023 · FY2027 SAFMR

ZIP 07501 Paterson, New Jersey

Bergen-Passaic, NJ HUD Metro FMR Area · New Jersey. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
35,321
Households
12,335
Median HH income
$40,699
Renter share
84.0%
Median gross rent
$1,442
Vacancy
6.0%
Pop. change
+10.3%
2BR SAFMR
$1,970
SAFMR / rent
1.366×
2–49 unit stock
9,790
LIHTC proj / units
27 / 1,706
HUD assisted MF
12 / 767

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 07501 · NJ — sent to you.

ZIP 07501 · NJ

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ACS rent vs 2BR SAFMR

ZIP 07501 — Paterson, NJ HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,442
2BR SAFMR$1,970
90% floor$1,773
110% ceiling$2,167

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 07501

  • 1-unit detached8686.6%
  • 1-unit attached5604.3%
  • 2–4 units6,96653.1%
  • 5–49 units2,82421.5%
  • 50+ units1,88314.4%
  • Mobile180.1%
TypeUnitsShare
1-unit detached8686.6%
1-unit attached5604.3%
2 units (duplex)3,97630.3%
3–4 units2,99022.8%
5–9 units1,1178.5%
10–19 units8356.4%
20–49 units8726.6%
50+ units1,88314.4%
Mobile180.1%

2–4 unit share 53.1% · 5–49 unit share 21.5% · combined 2–49 74.6%.

Units by bedrooms

Studio
1,581
1BR
2,658
2BR
4,301
3BR
3,943
4BR
488
5+
148

Rent burden

Rent ≥30% of income60.8%
Rent ≥50% of income39.3%
  • ACS median gross rent $1,442 (all bedrooms, occupied rentals).
  • Median contract rent $1,267.
  • Renters paying ≥30% of income 60.8%; ≥50% 39.3%.
  • FY2027 2BR SAFMR $1,970 (1.366× ACS median gross rent).

Population

35,321 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +10.3%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 27 projects, 1,706 units.
  • HUD project-based assisted MF: 12 properties, 767 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 359 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 07501 84.0% of occupied households are renters; vacancy is 6.0%; ACS median gross rent is $1,442; population increased +10.3% between the 2018 and 2023 ACS vintages; the housing stock includes 6,966 units in 2–4-unit structures and 2,824 units in 5–49-unit structures; 27 LIHTC projects totaling 1,706 units; FY2027 2BR SAFMR is $1,970 versus ACS median gross rent of $1,442. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

New Jersey research

ZIP 07501 is a Census / HUD profile for Bergen-Passaic, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 07501 — Paterson, NJ HUD Section 8 Payment Standards / SAFMR·New Jersey ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
07010Bergen-Passaic, NJ HUD Metro FMR Area50.2%$1,783$2,34007011Bergen-Passaic, NJ HUD Metro FMR Area54.8%$1,613$2,24007012Bergen-Passaic, NJ HUD Metro FMR Area44.8%$1,695$2,21007013Bergen-Passaic, NJ HUD Metro FMR Area26.7%$1,696$2,31007014Bergen-Passaic, NJ HUD Metro FMR Area26.9%$1,912$2,77007015Bergen-Passaic, NJ HUD Metro FMR Area——$2,08007020Bergen-Passaic, NJ HUD Metro FMR Area59.0%$2,645$3,40007022Bergen-Passaic, NJ HUD Metro FMR Area65.2%$1,597$2,12007024Bergen-Passaic, NJ HUD Metro FMR Area42.5%$2,257$3,36007026Bergen-Passaic, NJ HUD Metro FMR Area54.6%$1,612$2,14007031Bergen-Passaic, NJ HUD Metro FMR Area53.6%$1,706$2,19007055Bergen-Passaic, NJ HUD Metro FMR Area76.5%$1,392$1,920

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is New Jersey research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 07501?

ZIP 07501 (Bergen-Passaic, NJ HUD Metro FMR Area) has 35,321 residents, 12,335 households, a renter share of 84.0%, median household income of $40,699, and ACS 2023 median gross rent of $1,442. Vacancy is 6.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 07501?

ACS counts 3,976 units in 2-unit buildings, 2,990 in 3–4 unit buildings, 1,117 in 5–9, 835 in 10–19, and 872 in 20–49. Combined 2–49 unit stock is 9,790 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 07501?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,970. See the full schedule and 90–110% payment-standard band on the ZIP 07501 — Paterson, NJ HUD Section 8 Payment Standards / SAFMR.

Does this New Jersey ZIP profile include Georgia listings?

No. ZIP 07501 is Census / HUD research for Bergen-Passaic, NJ HUD Metro FMR Area. Jeff Crowe CRE does not list New Jersey property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.