Is Paramus Borough, NJ growing?
Paramus Borough, NJ had an estimated 26,568 (±34) residents in 2020–2024, against 26,503 in 2015–2019.
That is a change of +0.2%, a measurable increase.
Its housing went from 8,766 to 8,813 homes (+0.5%), not a measurable change.
1.7% of today’s homes were built in 2020 or later.
Figures last updated on .
- Residents now
- 26,568 (±34)
- Amount of change
- +0.2%
- Homes change
- +0.5%
- Built 2020 or later
- 1.7%
Residents and homes in Paramus Borough, 2015–2019 and 2020–2024
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 26,503 (±41) | 26,568 (±34) | +0.2% | Measurable increase |
| Housing units | 8,766 (±248) | 8,813 (±352) | +0.5% | Not a measurable change |
| Households that rent | 14.1% (±2.5 points) | 17.4% (±3.5 points) | +3.3 percentage points | Not a measurable change |
| Median gross rent | $2,011 (±$394) | $3,032 (±$340) | +50.8% | No measurable change after inflation |
| Median home value | $600,200 (±$15,048) | $813,900 (±$22,884) | +35.6% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Growth in Paramus Borough against Bergen County, its state and the nation
| Residents | Verdict | Housing units | |
|---|---|---|---|
| Paramus Borough | +0.2% | Measurable increase | +0.5% |
| Bergen County | +3.4% | Measurable increase | +3.3% |
| New Jersey | +5.2% | Measurable increase | +4.8% |
| United States | +3.1% | Measurable increase | +4.6% |
A change in a place’s boundaries between the two periods (an annexation, say) changes its counts as well; the Census Bureau’s figures are for the place as it was drawn in each period.
New homes in Paramus Borough
| Year built | Paramus Borough | Bergen County | New Jersey | United States |
|---|---|---|---|---|
| 2020 or later | 1.7% (±0.8 points) | 1.4% | 1.1% | 2.0% |
| 2010 to 2019 | 6.1% (±1.7 points) | 5.3% | 6.2% | 9.4% |
| 2000 to 2009 | 7.9% (±2.2 points) | 6.0% | 9.2% | 13.6% |
7.8% of the homes in Paramus Borough were built in 2010 or later.
The median age of residents is 49.1 years.
Growth in places near Paramus Borough
| Place | Distance | Residents now | Amount of change | Verdict |
|---|---|---|---|---|
| Paramus Borough | — | 26,568 | +0.2% | Measurable increase |
| Oradell Borough | 2.1 mi | 8,235 | +1.2% | Measurable increase |
| River Edge Borough | 2.2 mi | 12,091 | +5.1% | Measurable increase |
| Fair Lawn Borough | 2.6 mi | 35,610 | +7.9% | Measurable increase |
| New Milford Borough | 2.8 mi | 16,995 | +2.7% | Measurable increase |
| Washington Township (Bergen County) | 2.8 mi | 9,323 | +0.9% | Measurable increase |
| Rochelle Park Township | 2.8 mi | 5,869 | +4.9% | Measurable increase |
| Glen Rock Borough | 3.0 mi | 12,154 | +3.2% | Measurable increase |
| Maywood Borough | 3.1 mi | 10,093 | +4.5% | Measurable increase |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Paramus Borough
Is Paramus Borough growing?
Paramus Borough, NJ had an estimated 26,568 residents in 2020–2024 and 26,503 in 2015–2019, a change of +0.2%: a measurable increase by the Census Bureau’s test.
How many homes have been added in Paramus Borough?
The estimated number of housing units went from 8,766 in 2015–2019 to 8,813 in 2020–2024 (+0.5%), not a measurable change.
How much new construction is there in Paramus Borough?
1.7% of homes in Paramus Borough were built in 2020 or later and 6.1% between 2010 and 2019.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Paramus borough, Bergen County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Paramus borough, Bergen County, New Jersey
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Paramus borough, Bergen County, New Jersey
- Housing Units (B25001), 2015–2019 ACS 5-year estimates — Paramus borough, Bergen County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Paramus borough, Bergen County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Paramus borough, Bergen County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Paramus borough, Bergen County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Paramus borough, Bergen County, New Jersey (county subdivision:55950, in state:34 county:003).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25001_001E, B25001_001M, DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0017PE, DP04_0017PM, DP04_0018PE, DP04_0018PM, DP05_0018E, DP05_0018M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Paramus Borough at a glance
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- Income and affordability in Paramus Borough
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- Age of homes in Paramus Borough
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- Crime reported to police in Paramus Borough
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- Fair Market Rent in Paramus Borough
- New Jersey landlord and tenant rules
- Housing across Bergen County
- Housing data for every place in New Jersey