What is the median home value in Passaic, NJ?

The median value of owner-occupied homes in Passaic, NJ is $429,900 (±$22,327), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Passaic, the median home value went from $332,700 in 2015–2019 to $429,900 in 2020–2024 (+29.2%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median home value
$429,900 (±$22,327)
Owner-occupied homes
5,028 (±425)
Most common range
$300,000 to $499,999

Home values in Passaic

Owner-occupied homes by value, 2020–2024
ValuePassaicPassaic CountyNew JerseyUnited States
Less than $50,0004.7% (±2.7 points)2.7%2.5%5.3%
$50,000 to $99,9992.6% (±1.4 points)1.0%1.8%6.1%
$100,000 to $149,9992.3% (±1.2 points)1.3%2.2%6.8%
$150,000 to $199,9995.6% (±2.2 points)2.2%4.3%9.0%
$200,000 to $299,99911.0% (±3.0 points)8.4%12.9%17.8%
$300,000 to $499,99937.9% (±4.7 points)45.3%34.2%26.9%
$500,000 to $999,99933.6% (±5.5 points)36.8%34.5%20.9%
$1,000,000 or more2.3% (±1.0 points)2.2%7.6%7.1%

The most common range is $300,000 to $499,999, 37.9% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Passaic against Passaic County, its state and the nation

Estimate (90% margin of error)
PassaicPassaic CountyNew JerseyUnited States
Median home value$429,900 (±$22,327)$459,500 (±$3,736)$454,400 (±$1,150)$332,700
Owner-occupied homes5,028 (±425)94,970 (±1,482)2,239,128 (±10,678)84,210,142

In Passaic, the median home value is lower than in Passaic County ($459,500).

It is also lower than in New Jersey ($454,400).

It is higher than the national figure ($332,700).

In Passaic County, Passaic ranks 11 of 16 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 302 of 561.

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

How home values in Passaic have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median home value$332,700 (±$15,201)$429,900 (±$22,327)+29.2%No measurable change after inflation
Median owner cost with a mortgage$2,597 (±$131)$2,905 (±$140)+11.9%Down 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.

Median home value in places near Passaic

Nearest places with a published estimate, compared with Passaic
PlaceDistanceMedian home valueCompared with this place
Passaic—$429,900 (±$22,327)—
Wallington Borough1.2 mi$528,300 (±$41,223)Higher
Clifton1.7 mi$461,900 (±$6,688)Higher
Garfield1.9 mi$475,500 (±$19,756)Higher
Wood-Ridge Borough2.3 mi$566,200 (±$47,649)Higher
Lodi Borough2.8 mi$475,000 (±$22,731)Higher
Hasbrouck Heights Borough2.8 mi$552,900 (±$36,374)Higher
Rutherford Borough2.8 mi$603,600 (±$25,619)Higher
Nutley Township2.9 mi$516,300 (±$24,583)Higher

Nearby places with a measurably higher figure: Wallington Borough, NJ ($528,300), Clifton, NJ ($461,900), Garfield, NJ ($475,500).

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

Median home value across Passaic County, place by place

RankPlaceMedian home value
5Woodland Park Borough$497,600 (±$30,791)
6Little Falls Township$481,300 (±$18,374)
7Clifton$461,900 (±$6,688)
8Ringwood Borough$449,800 (±$18,496)
9Pompton Lakes Borough$442,400 (±$13,828)
10Bloomingdale Borough$432,000 (±$16,559)
11Passaic$429,900 (±$22,327)
12Prospect Park Borough$406,800 (±$76,916)
13Wanaque Borough$400,700 (±$16,676)
14West Milford Township$399,700 (±$15,175)
15Haledon Borough$396,400 (±$40,868)
16Paterson$360,100 (±$11,010)

Showing 12 of 16 places in Passaic 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 Passaic

What is the average home value in Passaic, NJ?

The Census Bureau publishes the median: $429,900 (±$22,327) for owner-occupied homes in Passaic (2020–2024 American Community Survey).

Have home values in Passaic gone up?

In Passaic, the median home value went from $332,700 in 2015–2019 to $429,900 in 2020–2024 (+29.2%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Passaic sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

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) for Passaic city, Passaic County, New Jersey (county subdivision:56550, in state:34 county:031).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

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 .

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