Interested in purchasing investment houses in the 07501 zip code in Paterson, NJ?
The zip code 07501 is in Passaic county with a latitude of -74.171200000000 and longitude of 40.912770000000, is in the state of New Jersey. The average asking price of houses and condos is $230,444.00 and the average sale price was $125,259.00. this regions is classified as the New York City metro area and consists of the following area codes: 862 and 973. The location in degrees is 40° 54' 45.972" N, 74° 10' 16.32" W. The county F.I.P.S. is 34031. The total land area is 1.8 square miles and the water area is 0.0 square miles. The elevation in this area is 108 - 108 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 07501 is in county number 031 and is L. Sector 10, L. Segment 00, H. Sector 00, and H. Segment 00. The population was 32,785 in 2019 and 33,543 in 2010. This further breaks down to 16,055 males (49.0%) and 16,730 females (51.0%). The median age of residents is 33.1 years. The population of the greater New York-Northern New Jersey-Long Island, NY-NJ-PA area is 19,113,505. The population density (people per square mile) is 17,764. This zip code has a combined total of 12,256 houses and condos. There are 9,385 rented appartments. 86% of residents rent versus the 86% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $24,897 and the average salary is $24,562. The median household income of individuals is $30,272.00 and the average is $28,040.00. This zip code has a mean commute time to work of 24.6 minutes. The unemployment rate is 3.9%. Income earners by percent breakdown as 71.70% (Under $50,000), 22.10% ($50,000-$100,000), and 6.30% earn over $100,000. 31.5% of residents live below poverty line versus the 9.2% in the state that are below this line. The cost of living index is 124.3. The educational breakdown is 66.7% have a high school education or higher, 7.5% have a bachelor's degree or higher, and 1.5% have some kind of profesional degree.
This area has 10,352 households and the average size is 2.9 people. Individuals who are single and have never been married are 52.4%, 32.8% are now married, 3.9% are separated, 3.7% are widowed, and 7.2% are divorced. The average yearly contribution amount given by people to charity was $2,245 versus the state average of $3,451. The percent of residents who gave to charity was 7.4%.
The estimated median value of houses and condos is $273,562. The median monthly owner costs of mortgage holders was $2,168, where as the costs for those who don't have a mortgage are $1,066. The median number of rooms in houses and condos are 5.2 versus apartments which had a median number of 3.9.
The real estate tax percent rate is 3.2% which equated to an average real estate tax amount payment of $8,704. In comparision, the average real estate tax percent rate in the state is 2.4% which equated to an average real estate tax amount payment in the state of $8,432. The median housing property tax percent for residents with mortgages was 3.1% which amounted to an average tax amount of $8,711. Conversely, the median housing property tax percent for residents who don't have mortgages was 3.3% which amounted to an average tax amount of $8,719. Reported taxable interest for persons was $490, dividends $2,465, capital gains +$282, and itemized deductions $17,040. The average earned income tax credit is $2,573. The percent of individuals that use a tax preparer is 78.0%. The total average income taxes paid by individuals was $5,701. Businesses reported an average profit of $8,205.
Mamita Candy
13 Fair St, Paterson, NJ 07501
La Fe Restaurant
124 16th Ave, Paterson, NJ 07501
Delizioso Pizza Grille & Restaurant
21 Mill St, Paterson, NJ 07501
Hamilton & Ward Steakhouse
101 Ward St, Paterson, NJ 07505 (0.4 miles away)
Bonfire
999 Market St, Paterson, NJ 07513 (0.9 miles away)
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
