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Passaic County, NJ

RANK #97 / 996  ·  POP 519,986  ·  NJ

PROJECTED GROWTH: +2.9%

Passaic County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Passaic County?

Paterson Great Falls National Historical Park, a significant landmark within Passaic County, showcases the area's industrial past and natural beauty. Located in northeastern New Jersey, Passaic County offers a blend of urban and scenic mountain communities, bordering New York State to the north. Commute times to New York City from towns like Little Falls and Clifton range from 45 to 55 minutes by NJ Transit rail, with major highways also providing access for drivers. The county features over 16,000 acres of open space, including parks, trails, and recreational facilities, with areas like Ramapo Mountain State Forest and Norvin Green State Forest offering extensive outdoor recreation opportunities.

Life in Passaic County offers diverse communities, with many residents owning their homes. The county's economy is supported by various sectors, including healthcare, retail trade, and manufacturing. Immigrants play a role in the local economy, particularly in manufacturing, transportation, warehousing, and construction. Recent economic development efforts include revitalization projects in cities like Paterson and Passaic, with investments aimed at commercial and residential improvements. The county also focuses on improving transportation options, including an on-demand microtransit program in Clifton and Passaic, to enhance connectivity for residents.

[02] Market Snapshot

Housing Ratio
9.4x

Overvalued relative to economy

GDP Growth
+2.8%

Above national median

Home Prices
+3.9%

Outpacing national median

Climate & Terrain
1.3

Moderate climate & terrain

Price/Rent
15x

Above national median (13x)

Housing looks overvalued at 9.4x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Passaic County U.S. National

The Numbers

DEMOGRAPHICS
Population
519,986
-0.21% YoY
Median Household Income
$84,465
Median Home Value
$413,500
+3.87% 12mo
Median Rent
$1,484
Average Annual Pay
$63,668
+2.0% YoY
Employment
170,830
-0.3% YoY
Income-to-Home-Value
0.2043
Near national average
Migration Inflow
2.1%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$615,000
Days on Market
74
Slower market
Months of Supply
3.7
Balanced market
Sale-to-List Ratio
101.9%
Homes selling above asking
Sold Above List
56.6%
Listings w/ Price Drops
8.9%
Building Permits (2024)
852
Single-Family Permits
209

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,332M
TOTAL
PROJECT AMOUNT STATUS
Passaic Eastside Transit-Oriented Development Strategy (Market Street improvements, mixed-use infill, new arena)
City of Passaic
$750M Planned
Sycamore Totowa Data Center
Sycamore
$300M Under Construction
Passaic Valley Sewerage Commission Gas-Fired Power Plant
Passaic Valley Sewerage Commission
$232M Under Construction
Dundee Island Park Redevelopment & Pedestrian Rail Bridge Rehabilitation
Passaic County
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.8% 52 percentile
Population Growth -0.2% 20 percentile
Income Growth +7.8% 32 percentile
Vacancy Rate 0.7% 86 percentile
Home Price Change +3.9% 82 percentile
Rent Growth +3.3% 56 percentile
Price/Rent 15x 33 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Passaic County, NJ a good place to move to?

Passaic County has a Boom Town Index score of 90/100, ranking #97 among 996 U.S. counties. With job growth at -0.3% and a median household income of $84,465, it's an above-average county on economic indicators.

Is Passaic County affordable?

The median home value in Passaic County is $413,500 with median rent at $1,484/month. The income-to-home-value ratio is 0.2043, which is less affordable than the national average.

Is Passaic County growing or shrinking?

Population growth: -0.2% year-over-year. Job growth: -0.3%. Home values changed +3.9% in the past 12 months.

Are people moving to Passaic County?

Yes — 2.1% of Passaic County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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