07503 ZIP Code – Paterson, New Jersey
Located in Paterson, New Jersey, ZIP code 07503 is a mid-sized ZIP code within Passaic County with a population of approximately 19,625 residents. At $60,431, the median household income here runs well below the New Jersey average and below the U.S. average. Homes in this ZIP code have a median value of $313,500, above the national average, with 26.8% owner-occupied housing (decreasing). , and the median rent of $1,525 is above the national average. Housing consists of 20% single-family (decreasing), 24% apartments (increasing), 56% duplex/multi-family.
Unemployment stands at 7.5%, which is above the U.S. rate. The poverty rate of 20.9% is well above the U.S. average. 14.8% of adults hold a bachelor's degree or higher, well below the U.S. average. The population has a median age of 33.4, below the national median. Neighboring ZIP codes include 07513, 07504, 07011.
ZIP Code 07503 Data
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ZIP 07503 vs. New Jersey vs. U.S.
| Metric | ZIP 07503 | NJ Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 19k | 15k | 10k |
| Median Household Income | $60k | $113k | $73k |
| Median Home Value | $313k | $459k | $258k |
| Median Rent | $1,525 | $1,724 | $1,088 |
| Median Age | 33.4 | 43.1 | 43.2 |
| Unemployment Rate | 7.5% | 5.8% | 5.0% |
| Poverty Rate | 20.9% | 8.1% | 13.3% |
| Bachelor's Degree or Higher | 14.8% | 44.1% | 26.9% |
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Nearby ZIP Codes
- 07513 – Paterson
- 07504 – Paterson
- 07011 – Clifton
- 07501 – Paterson
- 07505 – Paterson
- 07407 – Elmwood Park
- 07514 – Paterson
- 07013 – Clifton
- 07522 – Paterson
- 07524 – Paterson
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 07513 | PATERSON | 11,069 | $71,023 |
| 07504 | PATERSON | 13,781 | $64,810 |
| 07011 | CLIFTON | 40,042 | $71,489 |
| 07501 | PATERSON | 35,492 | $38,776 |
| 07505 | PATERSON | 4,592 | $23,780 |