HousingHandbookReference data

U.S. ZIP Code · NJ07504

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

Typical home value

$571,978[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.5%
5-year / yr
+7.2%
10-year / yr
+8.8%

Relative price

vs U.S.
+101.4%
vs metro
-21.6%
vs state
≈ state median
ZIP 07504 location in NJ
Location of ZIP 07504 in NJ

Price history

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

The typical home in 07504 is worth $571,978 — 21.6% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 4.5%. The effective property tax rate is 2.3%.

#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
2.3%[3]
Typical annual tax
$13,144[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
13,123[3]
Median household income
$76,659[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
4
Elementary
2
Middle
0
High
1
  • School 13

    Elementary · Grades K–8 · Paterson Public School District

    484 students

  • School 20

    Elementary · Grades K–8 · Paterson Public School District

    345 students

  • Students Transitioning and Achieving Real Success

    High · Grades 9–12 · Paterson Public School District

    111 students

  • Anna Iandoli Early Learning Center

    Prekindergarten · Grades PK · Paterson Public School District

    90 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$2,892
Loan principal$457,583
Down payment$114,396
Total interest paid$583,621

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$4,465
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
76th percentile[1]
Rental yield
[2]
Property tax
91st percentile[3]

Frequently asked

How much is a home worth in ZIP code 07504?
The typical home in 07504 is worth $571,978, based on the Zillow Home Value Index.
Are home values rising in 07504?
Home values in 07504 are up 4.5% over the past year, and up 7.2% a year over five years.
What is the property tax rate in 07504?
The effective property tax rate in 07504 is 2.3% — roughly $13,144 a year on a typical home.
Who lives in 07504?
ZIP code 07504 has a population of 13,123 and a median household income of $76,659.

#Comparable ZIPs

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

  • Six Mile Run CDP, NJ

    Typical home
    $572,161
    Gross yield
    5.6%
  • Highlands, NJ

    Typical home
    $572,492
    Gross yield
  • Elizabeth, NJ

    Typical home
    $572,921
    Gross yield
    4.4%
  • Clifton, NJ

    Typical home
    $573,441
    Gross yield
  • Harrison, NJ

    Typical home
    $573,574
    Gross yield
    5.3%
  • New York, NY

    Typical home
    $570,026
    Gross yield
    5.4%

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