Property prices for rent in Paterson (New Jersey)

The rent prices in real estate in Paterson, in the New Jersey region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Paterson has risen strongly during the last 6 months. In August, the average price per sq.feet was $2.09. In the following month the price per sq.feet fell to $1.94. In the following two months the price per sq.feet has risen 109 %, going from $2.02 to $2.19 per sq.feet. The price per sq.feet has had a considerable rise of 162 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $2.1 to $3.41 during December, and January.

Average price

When referring to the price in Paterson (cities), this has risen in the last 6 months. In our first sample month during August, the average price is $1,591. In September This price remains at $1,590. During the following two months (October, November) the price has had an average rise from $1,590.5 to $1,782.5. Based on an analysis of the first four prices and the last two months the average price has increased 106 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,762 they are 26 % more affordable than the average price for Paterson . The properties with the lowest average price have 3 bedrooms, Their price is 8 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,542.

With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.88 / sq.feet, with an average $2.22 / sq.feet price in Paterson. The properties with the most expensive average prices have 3 bedrooms. They are 666 % more expensive than the average followed by properties with 2 bedrooms with a price at $8.8 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,762 it is 26 % more affordable than the average price in Paterson. "Townhouse" is seen as the second most affordable property type. The most affordable property is "Townhouse" followed by "". At a price of $1,296 it is 8 % more affordable than the average price.

According to the average area price by sq.feet the most affordable property type is "Townhouse with an average cost of $1 / sq.feet. "Townhouse" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.

Charts data
Average price January
Average price per sq.feet January
Number of properties used in Paterson
Number of properties used in region New Jersey
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value