Zip Code

07514

City

Paterson, NJ

Population & Migration

What is the forecasted population for Zip code 07514 Paterson, NJ?

Population census 2020
18,507
Forecasted population 2025
18,822
1.7% vs. 2020
Forecasted population 2030
18,548
0.2% vs. 2020

Zip code 07514 Paterson, NJ population is forecasted to decrease 1.7% by 2025 (-3.0 points below the 4.7% national average).

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Housing and Affordability

With a forecasted population of 18,822 people for 2025 zip code 07514 Paterson, NJ will generate a good demand for housing, which is expected to have a deficit of 15 houses for 2030. Vacancy rate is 0.4 points below national US average.

Total homes available 2020
6,730
Estimated total home demand in 2030
6,745
Total homes balance inventory
15

Average Household Income in zip code 07514 Paterson, NJ
from Internal Revenue Service

Average household income in 2021
$61,420

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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Drinking water violations

How is the quality of drinking water in Zip code 07514 Paterson, NJ?

County total number of drinking water violations

719

+218%

226

County total number of drinking water contaminations

46

+100%

23

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