Interested in purchasing investment houses in the 07505 zip code in Paterson, NJ?
The zip code 07505 is in Passaic county with a latitude of -74.171670000000 and longitude of 40.916120000000, is in the state of New Jersey. The average asking price of houses and condos is $1,173,600.00 and the average sale price was $142,000.00. 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' 58.032" N, 74° 10' 18.012" W. The county F.I.P.S. is 34031. The total land area is 0.2 square miles and the water area is 0.0 square miles. The zip code is on eastern standard time and observes daylight savings time.
The zip 07505 is in county number 031 and is L. Sector 10, L. Segment 00, H. Sector 00, and H. Segment 00. The population was 2,644 in 2019 and 2,256 in 2010. This further breaks down to 1,312 males (49.6%) and 1,331 females (50.4%). The median age of residents is 38.3 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 13,282. This zip code has a combined total of 1,188 houses and condos. There are 1,002 rented appartments. 96% of residents rent versus the 96% 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 $22,419 and the average salary is $22,781. The median household income of individuals is $21,661.00 and the average is $26,540.00. This zip code has a mean commute time to work of 26.3 minutes. The unemployment rate is 5.2%. Income earners by percent breakdown as 85.40% (Under $50,000), 11.70% ($50,000-$100,000), and 2.90% earn over $100,000. 41.2% of residents live below poverty line versus the 9.2% in the state that are below this line. The cost of living index is 120.8. The educational breakdown is 71.6% have a high school education or higher, 8.6% have a bachelor's degree or higher, and 0.1% have some kind of profesional degree.
This area has 863 households and the average size is 2.3 people. Individuals who are single and have never been married are 57.7%, 22.1% are now married, 3.2% are separated, 5.0% are widowed, and 11.9% are divorced. The average yearly contribution amount given by people to charity was $2,920 versus the state average of $3,451. The percent of residents who gave to charity was 4.2%.
The estimated median value of houses and condos is $131,968. The median number of rooms in houses and condos are 3.7 versus apartments which had a median number of 3.0.
The real estate tax percent rate is 1.8% which equated to an average real estate tax amount payment of $2,339. 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. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.2% which amounted to an average tax amount of $2,641. Reported taxable interest for persons was $183 and itemized deductions $15,100. The average earned income tax credit is $2,178. The percent of individuals that use a tax preparer is 74.6%. The total average income taxes paid by individuals was $3,450. Businesses reported an average profit of $6,300.
Hamilton & Ward Steakhouse
101 Ward St, Paterson, NJ 07505
Estrellita Del Sur
16 Clark St, Paterson, NJ 07505
Giovanni's Restaurant at Ellison St
105 Ellison St, Paterson, NJ 07505
Costa Marina Restaurant
182 Market St, Paterson, NJ 07505
Peking Garden
338 Main St, Paterson, NJ 07505
New Sin Lee Chinese Restaurant
106 Market St, Paterson, NJ 07505
peking garden 2
323 Grand St, Paterson, NJ 07505
Mamita Candy
13 Fair St, Paterson, NJ 07501 (0.4 miles away)
E & V Restaurant
320 Chamberlain Ave, Paterson, NJ 07502 (1 miles away)
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