Zip Code
07501
City
Paterson, NJ
Population & Migration
What is the forecasted population for Zip code 07501 Paterson, NJ?
- Population census 2020
- 32,484
- Forecasted population 2025
- 37,045
- 14% vs. 2020
- Forecasted population 2030
- 39,243
- 20.8% vs. 2020
Zip code 07501 Paterson, NJ population is forecasted to grow 14% by 2025 (9.3 points above the 4.7% national average).
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Housing and Affordability
With a forecasted population of 37,045 people for 2025 zip code 07501 Paterson, NJ will generate a good demand for housing, which is expected to have a deficit of 307 houses for 2030. Vacancy rate is 4.0 points below national US average.
- Total homes available 2020
- 12,016
- Estimated total home demand in 2030
- 12,323
- Total homes balance inventory
- 307
Average Household Income in zip code 07501 Paterson, NJ
from Internal Revenue Service
- Average household income in 2021
- $55,590
Affordability
- Affordability Index
- 7
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 07501 Paterson, NJ?
County total number of drinking water violations
577
+189%
200
County total number of drinking water contaminations
44
+110%
21
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