ZIP Code 07505

In Paterson's 07505, household earnings average $36,326, while per-person income sits at $19,250 — figures that shape what buyers here can carry. The county's 2.18% effective property tax rate applies to whatever a home is worth, so each dollar of value adds a predictable annual cost on top of a mortgage. Sales taxes add 6.62% at checkout, trimming what's left for saving toward a down payment. Together, these numbers mean property taxes claim a meaningful share of income in this ZIP, and purchase budgets here tend to be constrained by both local wages and the ongoing tax load.