| ZIP Code | 07503 |
|---|---|
| City | Paterson |
| State | New Jersey (NJ) |
| County | Passaic County |
| Area Code | 973 |
| Elevation | 92 ft |
| Latitude | 40.897548 |
|---|---|
| Longitude | -74.154121 |
| Timezone | New York (DST) |
| FIPS | 34031 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 33.4 yrs ↓ 5% since 2019 |
|---|---|
| Avg Household Size | 3.14 |
| Below Poverty | 20.7% ▲ 107% above avg |
| College Grads | 21.2% ▼ 45% below avg |
| Unemployment | 7.5% ▲ 52% above avg |
| No HS Diploma | 781 (7.4%) |
| HS Graduate | 5,194 (49.1%) |
| Some College | 783 (7.4%) |
| Associates | 1,578 (14.9%) |
| Bachelors | 464 (4.4%) |
| Graduate Degree | 1,777 (16.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $60,295 ▼ 21% below avg ↑ 30% since 2019 |
|---|---|
| Median Home Value | $314,900 ▲ 13% above avg ↑ 25% since 2019 |
| Home/Income Ratio | 5.2x (nat avg ~3.5x) |
| Median Rent | $1,605/mo ↑ 29% since 2019 |
| Total Units | 6,560 |
| Vacant Units | 335 |
| Avg HH Size | 3.14 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 6,560 |
|---|---|
| Vacant | 335 |
| Owner Occupied | 26.8% |
| Renter Occupied | 73.3% |
| Avg HH Size | 3.14 |
ZIP code 07503 is located in Paterson, New Jersey, within Passaic County. With a population of 19,567, this is a moderately populated ZIP code with a relatively young community — the median age is 33.4 years. Economically, 07503 is a solidly middle-class ZIP code: the median household income of $60,295 is below the national average.
Real estate in ZIP code 07503 represents a mid-range housing market. The median home value of $314,900 is near the national average. Renters can expect to pay around $1,605 per month in median rent. This is predominantly a renter community, with 73.3% of occupied units rented — typical of urban and transitional neighborhoods. Median home values have increased by 25% since 2019.
The population of 07503 is majority Hispanic (59.17%). Residents are less-educated — 21.2% hold a bachelor's degree or higher, which is below the national average. Poverty affects a significant share of residents at 20.7%. Household income has grown by 30% since 2019.
The unemployment rate in 07503 stands at 7.5%, which is significantly above the national average. As in most parts of the country, driving alone is the dominant commute mode at 62%.
Overall, ZIP code 07503 in Paterson, NJ is characterized as solidly middle-class, less-educated, and a relatively young community. With 19,567 residents, a median household income of $60,295, and a median home value of $314,900, it offers a clear picture of life in this part of New Jersey.