Paramus, NJ


Highest Appreciating Paramus Neighborhoods Since 2000

Paramus, NJ Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Paramus Housing Market Information

With a population of 26,974, 8,470 total housing units (homes and apartments), and a median house value of $611,029, Paramus house prices are not only among the most expensive in New Jersey, Paramus real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Paramus, accounting for 86.93% of the borough's housing units. Other types of housing that are prevalent in Paramus include duplexes, homes converted to apartments or other small apartment buildings ( 4.87%), large apartment complexes or high rise apartments ( 4.77%), and a few row houses and other attached homes ( 3.43%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Paramus. Owner-occupied housing accounts for 83.14% of Paramus's homes, and 74.06% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Paramus's housing was primarily built during this period, from the '40s through the '60s. A full 63.79% of the borough's housing hails from this era. Other housing ages represented in Paramus include homes built between 1970-1999 ( 17.99%) and housing constructed between 2000 and later ( 12.20%). There's also some housing in Paramus built before 1939 ( 6.02%).

Paramus Home Appreciation Rates

Real estate appreciation rates in Paramus's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.10% during the period.

NeighborhoodScout's data show that during the latest twelve months, Paramus's appreciation rate, at 3.58%, has been at or slightly above the national average. In the latest quarter, Paramus's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Paramus's latest annual appreciation rate is higher than 60% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Paramus differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Paramus - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Paramus real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,114,000 6.7
$835,001 - $1,114,000 10.9
$557,001 - $835,000 40.4
$445,001 - $557,000 24.7
$334,001 - $445,000 8.9
$223,001 - $334,000 3.8
$111,001 - $223,000 1.8
$56,001 - $111,000 0.9
$0 - $56,000 1.9

Very High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
3.75600609398805 15.2439024390244

Number Of Homes And Apartments:

Paramus Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
70.75% 3.15% 8 8
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,666 / per month

Homeownership Rate

Owners 83.14
Renters 16.86
Vacant 4.34

Housing Market Details


Age of Homes

2000 or Newer 12.2
1970 - 1999 18.0
1940 - 1969 63.8
1939 or Older 6.0

Types of Homes

Single-Family 86.9
Townhomes 3.4
Small Apt. Buildings 4.9
Apt. Complexes 4.8
Mobile Homes 0.0
Other 0.0

Home Size

No Bedroom 1.95
1 Bedroom 3.22
2 Bedrooms 9.61
3 Bedrooms 39.37
4 Bedrooms 34.68
5 or more bedrooms 11.16