How much is a home worth in ZIP code 07501?

The typical home in 07501 is worth $459,331, based on the Zillow Home Value Index.

Are home values rising in 07501?

Home values in 07501 are down 0.4% over the past year, and up 5.6% a year over five years.

What is the typical rent in 07501?

A typical home in 07501 rents for about $1,943 a month, a gross rental yield of 5.1%.

What is the property tax rate in 07501?

The effective property tax rate in 07501 is 2.8% — roughly $12,877 a year on a typical home.

ZIP code 07501 has a population of 35,481 and a median household income of $44,300.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07501

Passaic County · New York-Newark-Jersey City, NY-NJ

Typical home value

$459,331^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.4%
5-year / yr: +5.6%
10-year / yr: +8.8%

Relative price

vs U.S.: +61.7%
vs metro: -37.0%
vs state: -19.4%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 07501 is worth $459,331 — 37.0% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have fallen 0.4%. Homes here rent for a typical $1,943 a month — a 5.1% gross rental yield. The effective property tax rate is 2.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,943^[2]
Gross yield: 5.1%^[2]
Cap rate: 3.0%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 2.8%^[3]
Typical annual tax: $12,877^[3]

#Climate risk

FEMA National Risk Index ratings for Passaic County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Very Low
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Relatively Moderate
Tornado: Relatively Moderate
Earthquake: Relatively Moderate
Winter weather: Very High

#Who lives here

Population: 35,481^[3]
Median household income: $44,300^[3]

#Migration

Household moves in and out of Passaic County over a year, from IRS tax-return data.

Net migration: -2,927^[5]
Moved in: 10,694
Moved out: 13,621

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 19
Elementary: 11
Middle: 2
High: 4

Eastside High School
High · Grades 9–12 · Paterson Public School District
2,087 students
College Achieve Paterson Charter School
Other · Grades K–12 · College Achieve Paterson Charter School
1,499 students
Paterson Arts and Science Charter School
Other · Grades K–12 · Paterson Arts and Science Charter School
1,212 students
Community Charter School of Paterson
Elementary · Grades K–8 · Community Charter School of Paterson
900 students
International High School
High · Grades 9–12 · Paterson Public School District
662 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.1%

Net yield (after ~40% expenses)3.0%

Annual rent$23,321

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,323

Loan principal$367,465

Down payment$91,866

Total interest paid$468,681

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.94

Monthly cost to own$3,777

Monthly rent$1,943

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 37th percentile^[1]
Rental yield: 54th percentile^[2]
Property tax: 100th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07501?: The typical home in 07501 is worth $459,331, based on the Zillow Home Value Index.
Are home values rising in 07501?: Home values in 07501 are down 0.4% over the past year, and up 5.6% a year over five years.
What is the typical rent in 07501?: A typical home in 07501 rents for about $1,943 a month, a gross rental yield of 5.1%.
What is the property tax rate in 07501?: The effective property tax rate in 07501 is 2.8% — roughly $12,877 a year on a typical home.
Who lives in 07501?: ZIP code 07501 has a population of 35,481 and a median household income of $44,300.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

07418 vs 07501 →
Vernon Valley CDP, NJ
Typical home
$454,902
Gross yield
—
10034 vs 07501 →
New York, NY
Typical home
$464,708
Gross yield
6.2%
07601
Hackensack, NJ
Typical home
$464,790
Gross yield
6.6%
07106
Newark, NJ
Typical home
$464,818
Gross yield
5.6%
08829
High Bridge, NJ
Typical home
$452,082
Gross yield
—
08880
South Bound Brook, NJ
Typical home
$452,052
Gross yield
4.7%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 07501 against any other ZIP — full side-by-side table.

Compare 07501 →

#Jump to section

U.S. ZIP Code · NJ07501

Get more data on ZIPs like this

Get more data on ZIPs like this