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William Paterson University of New Jersey

Learn about the people, housing, costs and businesses in William Paterson University of New Jersey, New Jersey

Median Home$610,100
Median Rent$2,194/month
Population1,162
Leading IndustriesHealthcare · Arts, Food & Hospitality · Public Administration21% healthcare
Home Value Growth⬆⬆⬆+46.1% over 2 years
Young Adults37% of residentstop 4% nationally
Homeowners67% of occupied units
NotableHighly Educated33% bachelor's · 18% graduate · top 5% nationally
NotableHigh Incomes$113k/year · top 11% nationally
William Paterson University of New Jersey
NJ

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Frequently Asked Questions

What are today's mortgage rates in William Paterson University of New Jersey?

As of today, the 30-year fixed mortgage rate for William Paterson University of New Jersey is approximately 6.852% (6.882% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in William Paterson University of New Jersey?

The median home value in William Paterson University of New Jersey is $610k. The median monthly rent is $2,194. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in William Paterson University of New Jersey?

Home values in William Paterson University of New Jersey have increased 46.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in William Paterson University of New Jersey?

Based on a typical all-in ownership cost of $2,516/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $108k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in William Paterson University of New Jersey is $113k/year.

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What industries drive the economy in William Paterson University of New Jersey?

The largest employment sectors in William Paterson University of New Jersey are public administration (31%) and healthcare (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.