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Passaic city, NJ

ZIP 07055 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07055

Median Home Value
$406,500
Median Rent
$1,239
Affordability Snapshot
$112,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,611/mo PITI).

26%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

7.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

27.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07055 in Passaic city, NJ, a household would need roughly $112,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,611. That is about 97% above the local median household income ($56,780), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
23.5%-64% vs US avg
x
Vacancy Rate
2.8%-73% vs US avg
x
Broadband Access
92.3%+6% vs US avg
x
4+ Bedrooms
4.1%-72% vs US avg
x
Built Pre-1939
8.7%-32% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
29.6%-40% vs US avg
x
Mortgage-Free
32.0%-16% vs US avg
x
$406,500
Home Value
$1,239
Rent
1938
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached15.0%
  • 1-unit attached4.2%
  • 2-9 units54.1%
  • 10+ units26.4%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$406,500
Median rent$1,239
Owner-occupied23.5%
Vacant2.8%
Price-to-income7.2x
Est. income to buy$112,000