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Passaic County, NJ

RANK #155 / 1001 NAT  ·  #2 / 21 NJ  ·  POP 521,012

1YR FORECAST: +2.1%

5YR OUTLOOK: +34%

Our model projects Passaic County's housing market to grow +2.1% over the next year, significantly outpacing the national average.

[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.

MARKET PROFILE

Educated Suburban Growth

Passaic County is one of 110 U.S. counties in this market profile — stronger than typical on the BoomTown Index. Within this cohort, its recent home-price change of +4.2% runs above the profile's typical +2.4%.

See all 110 Educated Suburban Growth counties →

[02] Market Snapshot

Housing Ratio
21.2x

Overvalued relative to economy

Home Prices
+4.2%

Outpacing national median

Climate & Terrain
1.3

Moderate climate & terrain

Price/Rent
17x

Above national median (15x)

Housing looks overvalued at 21.2x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    UPS Logistics
    10,000+
  2. 2
    St. Joseph's Health Healthcare
  3. 3
    BAE Systems Manufacturing
  4. 4
    St. Mary's General Hospital Healthcare
  5. 5
    Driscoll Foods Other
  6. 6
    Passaic Public Schools Education
  7. 7
    Accurate Box Company Manufacturing
  8. 8
    Maquet Cardiovascular Manufacturing
  9. 9
    Universal Supply Group Logistics
  10. 10
    MDD Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Passaic County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
521,012
+0.53% YoY
Median Household Income
$87,522
Median Home Value
$459,500
+4.24% 12mo
Median Rent
$1,621
Average Annual Pay
$64,770
+1.7% YoY
Employment
174,250
+2.0% YoY
Income-to-Home-Value
0.1905
Near national average
Migration Inflow
1.94%
of pop. from another state
Bachelor's Degree+
30.9%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$611,000
Days on Market
30
Active market
Months of Supply
3.4
Balanced market
Sale-to-List Ratio
104.2%
Homes selling above asking
Sold Above List
69.9%
Listings w/ Price Drops
13.8%
Building Permits (2025)
585
Single-Family Permits
134

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

[05] Crime & Safety

C+
SAFETY
GRADE
Homicide Rate
5.1
per 100K · nat avg 6.3
Firearm Fatalities
5.2
per 100K · nat avg 14.8
Injury Deaths
60.0
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
39.0
Good
Good Air Days
80%
735 of 918 days
Unhealthy+ Days (3yr)
8
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
37
2022
38
2023
42
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] Score Breakdown

Population Growth +0.5% 45 percentile
Income Growth +0.4% 10 percentile
Vacancy Rate 0.6% 82 percentile
Home Price Change +4.2% 80 percentile
Rent Growth +3.3% 56 percentile
Price/Rent 17x 36 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

Passaic County ranks #155 out of 1001 U.S. counties on the Boom Town Index with a score of 84/100, putting it in the top tier nationally. Job growth of +2.0% and a median household income of $87,522 point to a county with active economic momentum.

Is Passaic County affordable?

Passaic County leans toward the expensive side. A median home value of $459,500 against an income-to-home-value ratio of 0.19 means housing eats a bigger share of local earnings than the national norm. Renters face $1,621/month on average.

Is Passaic County growing or shrinking?

Passaic County is growing on multiple fronts. Population is up +0.5% year-over-year while employers added jobs at a +2.0% clip — and home values reflect that momentum, rising +4.2% over the past 12 months.

Are many people relocating to Passaic County?

Not particularly — 1.94% of Passaic County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Similar Counties by Size & Score

Cape May County, NJ 89 Atlantic County, NJ 77 Cumberland County, NJ 76 Monmouth County, NJ 67 Salem County, NJ 65 Sussex County, NJ 61 Summit County, OH 83 Genesee County, MI 83