Paterson, NJ
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Paterson short-term rental market based on reliable data.
Listings
46 / 162
Reliable / Active
Cap Rate
6%
Middle-Earners Gross Yield
Revenue
$28,621
Middle-Earners Revenue
Occupancy
54%
Middle-Earners Occupancy
Home Value
$520,744
Median Home Sale Price
Top Earners
$40,570
Top-Earners Revenue
Paterson
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Paterson.
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Challenging to Investors
Paterson Regulations
STRs are not regulated by a dedicated ordinance; legality relies on underlying zoning and lodging/boardinghouse definitions, requiring zoning verification, CO updates, and UCC compliance—creating ambiguity and moderate compliance burden. No explicit caps or city fees exist yet, but occupancy/local tax rules are unclear, and a tiered 2026 licensing regime with inspections and insurance may be introduced, increasing uncertainty for investors.
Local STR Agent
STR specialist · Paterson, NJ
About Paterson
Paterson ( PAT-ər-sən) is the largest city in and the county seat of Passaic County, in the U.S. state of New Jersey. As of the 2020 United States census, the city was the state's third-most-populous municipality, with a population of 159,732.A prominent mill town within the New York area, Paterson has been known as the Silk City for its once-dominant role in silk production during the latter half of the 19th century. It has since evolved into a major destination for Hispanic immigrants as well as for immigrants from Turkey, the Arab world, and South Asia. Paterson has the nation's second-largest per capita Muslim population.