HousingHandbookReference data

U.S. ZIP Code · NJ07503

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

Typical home value

$549,213[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+9.9%
5-year / yr
+8.3%
10-year / yr
+10.3%

Relative price

vs U.S.
+93.3%
vs metro
-24.7%
vs state
-3.6%
ZIP 07503 location in NJ
Location of ZIP 07503 in NJ

Price history

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

The typical home in 07503 is worth $549,213 — 24.7% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 9.9%. The effective property tax rate is 2.0%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
2.0%[3]
Typical annual tax
$10,858[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
19,170[3]
Median household income
$60,443[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
5
Elementary
4
Middle
0
High
0
  • Paterson Charter School for Science and Technology

    Other · Grades K–12 · Paterson Charter School for Science and Technology

    1,664 students

  • Charles J. Riley/ School 9

    Elementary · Grades PK–8 · Paterson Public School District

    726 students

  • Dr. Hani Awadallah School

    Elementary · Grades PK–8 · Paterson Public School District

    564 students

  • School 25

    Elementary · Grades PK–8 · Paterson Public School District

    540 students

  • School 8

    Elementary · Grades K–8 · Paterson Public School District

    401 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.

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$2,777
Loan principal$439,370
Down payment$109,843
Total interest paid$560,392

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.

Own : rent ratio
Monthly cost to own$4,141
Monthly rent

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
91st percentile[1]
Rental yield
[2]
Property tax
69th percentile[3]

Frequently asked

How much is a home worth in ZIP code 07503?
The typical home in 07503 is worth $549,213, based on the Zillow Home Value Index.
Are home values rising in 07503?
Home values in 07503 are up 9.9% over the past year, and up 8.3% a year over five years.
What is the property tax rate in 07503?
The effective property tax rate in 07503 is 2.0% — roughly $10,858 a year on a typical home.
Who lives in 07503?
ZIP code 07503 has a population of 19,170 and a median household income of $60,443.

#Comparable ZIPs

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

  • New York, NY

    Typical home
    $549,615
    Gross yield
    7.3%
  • Bloomingdale, NJ

    Typical home
    $549,771
    Gross yield
  • New York, NY

    Typical home
    $550,792
    Gross yield
    6.3%
  • Mount Tabor CDP, NJ

    Typical home
    $550,819
    Gross yield
  • Yaphank CDP, NY

    Typical home
    $547,579
    Gross yield
    8.1%
  • Waretown CDP, NJ

    Typical home
    $547,544
    Gross yield
    5.3%

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