What percentage of people rent in Paramus Borough, NJ?

Name: Renters and owners in Paramus Borough, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

17.4% (±3.5 points) of the occupied homes in Paramus Borough, NJ are rented (2020–2024 American Community Survey).

That is 1,472 renting households against 6,992 that own their home.

In Paramus Borough, the share of households that rent went from 14.1% in 2015–2019 to 17.4% in 2020–2024 (+3.3 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 17.4% (±3.5 points)
Renting households: 1,472 (±301)
Median renter income: $94,236 (±$36,216)

Who rents and who owns in Paramus Borough

Tenure, estimate (90% margin of error)
	Paramus Borough	Bergen County	New Jersey	United States
Renter-occupied share	17.4% (±3.5 points)	34.7% (±0.7 points)	36.2% (±0.2 points)	34.8%
Renting households	1,472 (±301)	123,102 (±2,634)	1,268,573 (±8,082)	45,017,354
Owning households	6,992 (±436)	232,025 (±2,535)	2,239,128 (±10,678)	84,210,142
Average renter household size	2.8 (±0.3)	2.3 (±0.0)	2.4 (±0.0)	2.3
Average owner household size	3.0 (±0.1)	2.9 (±0.0)	2.8 (±0.0)	2.6
Median renter household income	$94,236 (±$36,216)	$74,953 (±$1,923)	$62,674 (±$718)	$52,966
Median owner household income	$157,772 (±$10,103)	$160,914 (±$2,251)	$133,477 (±$624)	$100,009

In Paramus Borough, the renter share is lower than in Bergen County (34.7%).

It is also lower than in New Jersey (36.2%).

It is lower than the national figure (34.8%).

In Bergen County, Paramus Borough ranks 50 of 70 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 341 of 564.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Paramus Borough has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
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 household income	$128,306 (±$7,721)	$144,349 (±$16,221)	+12.5%	No measurable change 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.

Households that rent in places near Paramus Borough

Nearest places with a published estimate, compared with Paramus Borough
Place	Distance	Households that rent	Compared with this place
Paramus Borough	—	17.4% (±3.5 points)	—
Oradell Borough	2.1 mi	9.3% (±3.2 points)	Lower
River Edge Borough	2.2 mi	23.8% (±4.5 points)	Higher
Fair Lawn Borough	2.6 mi	21.9% (±2.9 points)	Not measurably different
New Milford Borough	2.8 mi	38.6% (±4.0 points)	Higher
Washington Township (Bergen County)	2.8 mi	3.0% (±1.9 points)	Lower
Rochelle Park Township	2.8 mi	22.6% (±7.2 points)	Not measurably different
Glen Rock Borough	3.0 mi	9.8% (±4.8 points)	Lower
Maywood Borough	3.1 mi	30.9% (±5.0 points)	Higher

Nearby places with a measurably lower figure: Oradell Borough, NJ (9.3%), Washington Township (Bergen County), NJ (3.0%), Glen Rock Borough, NJ (9.8%).

Nearby places with a measurably higher figure: River Edge Borough, NJ (23.8%), New Milford Borough, NJ (38.6%), Maywood Borough, NJ (30.9%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Bergen County, place by place

Rank	Place	Households that rent
44	Montvale Borough	20.0% (±6.4 points)
45	Park Ridge Borough	19.0% (±5.1 points)
46	Mahwah Township	18.9% (±2.9 points)
47	Allendale Borough	18.6% (±7.9 points)
48	Closter Borough	18.5% (±4.9 points)
49	Ridgewood Village	17.5% (±3.0 points)
50	Paramus Borough	17.4% (±3.5 points)
51	Englewood Cliffs Borough	16.5% (±5.8 points)
52	Saddle River Borough	15.9% (±8.6 points)
53	Woodcliff Lake Borough	13.7% (±5.7 points)
54	Waldwick Borough	12.1% (±3.7 points)
55	Franklin Lakes Borough	11.1% (±2.9 points)
56	River Vale Township	10.0% (±3.8 points)

Showing 13 of 70 places in Bergen County, ranked from highest to lowest.

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

How many renters are there in Paramus Borough?

Paramus Borough has an estimated 1,472 (±301) renting households, 17.4% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Paramus Borough?

In Paramus Borough, the share of households that rent went from 14.1% in 2015–2019 to 17.4% in 2020–2024 (+3.3 percentage points), not a measurable change.

How big are renting households in Paramus Borough?

A renting household in Paramus Borough has 2.8 people on average, against 3.0 in an owned home.

How much do renters earn in Paramus Borough?

The median renting household in Paramus Borough, NJ has an income of $94,236 (±$36,216) a year, against $157,772 for households that own their home.

Sources

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.