Performance indicators for the Paterson short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Paterson.
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Challenging to Investors
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
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.