Rent to own Homes in Paterson, NJ

One of the biggest and busiest cities in northern New Jersey, the densely populated town of Paterson offers plenty of opportunities for any Garden State resident looking for a new place to call home. Christened after one of the state's true heroes, William Paterson, New Jersey's Revolutionary War-era governor, Paterson developed into a thriving industrial town throughout the 19th and 20th centuries. Known particularly for its silk production and firearms manufacturing, it eventually grew into a very diverse, immigrant-heavy town. It provides easy access for commuters into New York City and other towns in northern Jersey and features plenty of fine parks and museums.

Paterson, NJ is a great place for affordable rent-to-own homes! With a median household income of over $45,141 and a median rent of $1,213, the Paterson, NJ rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Paterson, NJ. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Paterson, NJ rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
328 UNION AVE
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Wood Ridge, NJ 07075
2,450 Sqft | Built in 1946
366 BLACK OAK RIDGE RD
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Wayne, NJ 07470
1,808 Sqft | Built in 1940
1 of 24 26 Clinton Street Unit 1A
1 Bed, 1 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Belleville, NJ 07109
Built in 1970
1401 44TH ST
3 Beds, 4 Baths
Rent To Own
 
Single Family Home
North Bergen, NJ 07047
2,012 Sqft | Built in 2006
6010 Boulevard E #64
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
West New York, NJ 07093
1,535 Sqft
518-536 GREGORY AVE #B201
1 Bed, 1 Bath
Rent To Own
 
Townhouse/Condo
Weehawken, NJ 07086
700 Sqft | Built in 1988
241 W 108TH ST #4C
1 Bed, 1 Bath
Rent To Own
Upper West Side
Townhouse/Condo
New York, NY 10025
750 Sqft | Built in 1911
20 LEXINGTON HL #10
2 Beds, 2 Baths
Rent To Own
Kips Bay
Townhouse/Condo
Harriman, NY 10926
960 Sqft | Built in 1985
Rent to own homes offer low monthly payments and flexible terms.
343 E 74th St PENTHOUSE 1D
3 Beds, 4 Baths
Rent To Own
Upper East Side
Single Family Home
New York, NY 10021
1,862 Sqft | Built in 1987
401 E 60TH ST #4C
5 Beds, 5 Baths
Rent To Own
Upper East Side
Townhouse/Condo
New York, NY 10022
3,500 Sqft | Built in 2000
67 HILLSIDE AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Florham Park, NJ 07932
1,008 Sqft | Built in 1925
5900 ARLINGTON AVE #21B
4 Beds, 2 Baths
Rent To Own
North Riverdale
Townhouse/Condo
Bronx, NY 10471
1,580 Sqft | Built in 1962
30A W Roselle Ave #A
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Roselle Park, NJ 07204
Built in 1945
57 FRONT ST #704
2 Beds, 2 Baths
Rent To Own
DUMBO
Townhouse/Condo
Brooklyn, NY 11201
1,132 Sqft | Built in 1899
529 GREEN ST
3 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Elizabeth, NJ 07202
1,104 Sqft | Built in 1943
1 of 5 100 Clarewood Drive
1 Bed, 1 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Hastings-On-Hudson, NY 10706
776 Sqft | Built in 1925
73-12 35th Ave #C6
2 Beds, 1 Bath
Rent To Own
Jackson Heights
Single Family Home
Jackson Heights, NY 11372
938 Sqft | Built in 1940
6928 5th Ave #3
3 Beds, 1 Bath
Rent To Own
Bay Ridge and Fort Hamilton
Single Family Home
Brooklyn, NY 11209
1,100 Sqft
9411 Shore Rd APT 5
2 Beds, 1 Bath
Rent To Own
Bay Ridge and Fort Hamilton
Single Family Home
Brooklyn, NY 11209
1,200 Sqft | Built in 1960
Hot
1734 60TH ST
3 Beds, 2 Baths
Rent To Own
Borough Park
Single Family Home
Brooklyn, NY 11204
2,414 Sqft | Built in 1905
Hot
663 LENOX RD
3 Beds, 2 Baths
Rent To Own
East Flatbush
Single Family Home
Brooklyn, NY 11203
1,160 Sqft | Built in 1920
24 OAKLAND AVE
4 Beds, 4 Baths
Rent To Own
North Side
Single Family Home
Mount Vernon, NY 10552
2,000 Sqft | Built in 1930
726 E 45TH ST
3 Beds, 2 Baths
Rent To Own
East Flatbush
Single Family Home
Brooklyn, NY 11203
1,600 Sqft | Built in 1920
1 of 12 1916 Ocean Ave, #10
2 Beds, 2 Baths
Rent To Own
Midwood
Multifamily (2 - 4 Units)
Brooklyn, NY 11230
1,151 Sqft | Built in 2017
2131 Ocean Ave PH 7B
3 Beds, 3 Baths
Rent To Own
Sheepshead Bay
Single Family Home
Brooklyn, NY 11229
1,705 Sqft | Built in 2019
2761 BATH AVE #3D
3 Beds, 3 Baths
Rent To Own
Gravesend
Townhouse/Condo
Brooklyn, NY 11214
1,153 Sqft | Built in 1988
1 LYNNWOOD RD
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Edison, NJ 08820
2,241 Sqft | Built in 1968
98 CHRISTIE ST
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Edison, NJ 08820
2,104 Sqft | Built in 1968
32 HOWELL AVE
4 Beds, 1 Bath
Rent To Own
 
Single Family Home
Fords, NJ 08863
1,368 Sqft | Built in 1945
239 ALBERT ST
5 Beds, 3 Baths
Rent To Own
 
Single Family Home
North Plainfield, NJ 07063
2,400 Sqft | Built in 1952
1807 RIDGEVIEW CT
3 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Parlin, NJ 08859
Built in 1997
1 of 15 6 HIGHLAND AVE
5 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Piscataway, NJ 08854
3,270 Sqft | Built in 1985
17 BUCKNELL WAY
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Hopatcong, NJ 07843
604 Sqft | Built in 1940
22 LIGHTHOUSE POINT RD
3 Beds, 4 Baths
Rent To Own
 
Townhouse/Condo
Highlands, NJ 07732
2,227 Sqft | Built in 2017
1 of 4 84 WHITAKER AVE
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Woodland Park, NJ 07424
2,300 Sqft | Built in 2020
1 of 2 781 E 18th St # 783
6 Beds, 3 Baths
Rent To Own
Eastside
Multifamily (2 - 4 Units)
Paterson, NJ 07508
2,780 Sqft
1 of 28 61 AMETHYST LN
2 Beds, 2 Baths
Rent To Own
Old Great Falls Historic District
Townhouse/Condo
Paterson, NJ 07501
1,229 Sqft | Built in 1980
1 of 11 232 Linwood Avenue
4 Beds, 2 Baths
Rent To Own
Hillcrest
Multifamily (2 - 4 Units)
Paterson, NJ 07502
1,382 Sqft | Built in 1955
1 of 55 51 ELIZABETH LN
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Woodland Park, NJ 07424
1,639 Sqft | Built in 1950
1 of 22 2o Stanford Ct.
5 Beds, 3 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Totowa, NJ 07512
2,808 Sqft | Built in 1969
New
13 IRIS LN
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Garfield, NJ 07026
1,052 Sqft | Built in 2015
1 of 26 67 VREELAND AVE
4 Beds, 2 Baths
Rent To Own
Middle Village
Single Family Home
Clifton, NJ 07011
2,200 Sqft | Built in 1926
1 of 22 263 BARNERT AVE
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Totowa, NJ 07512
1,866 Sqft | Built in 1955
1 of 21 119 MOUNTAINVIEW DR
3 Beds, 1 Bath
Rent To Own
Albion
Single Family Home
Clifton, NJ 07013
1,111 Sqft | Built in 1951
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Buying a Home in Paterson, NJ

Paterson, NJ is seeing rapid growth and Paterson, NJ's' housing market remains optimal with an average home price that is -100% below the 2022 national average. Paterson, NJ is part of Passaic county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2022 for county Passaic is 1.97% which is above the national average, which is 0.99%.

Median Home Price in Paterson, NJ

Median Rent in Paterson, NJ

Rent to own homes offer low monthly payments and flexible terms.

Top Reasons to Live in Paterson, NJ

Housing There are plenty of opportunities throughout Paterson for those looking for rent to own houses. Paterson is dominated by renters; 69 percent of the town's homes are renter-occupied. Prices for houses throughout Paterson seem to be trending down, too. For the period between December 2012 and February 2013, the average price on a home dipped to $115,000 (for 20 sales), an almost 40 percent drop from the previous year. Those looking for a new house could take advantage of this dip in the market. The average price for a home in Paterson through the first week in August of 2013 was $195,631 - that's a significant bargain in the very crowded (and very expensive) northern New Jersey market.

Largest Employers and Industries Being a very large and very urban town, city government is one of the town's largest employers, right alongside the nearby St. Joseph's Regional Medical Center. The local university, William Paterson University, is another important part of the local economy. Additionally, the bustling Newark-Liberty Airport is only a few miles away from Paterson, providing plenty of jobs for locals. Other important parts of the Paterson economy include the Accurate Box Company and Marcal Paper Products. Paterson also features plenty of smaller businesses that keep residents employed.

Weather and Climate Paterson offers a typical East Coast climate - hot summers with occasional thunderstorms, cool autumns, cold winters, cool-to-warm springs. The area receives just about the average amount of snow for northern New Jersey (just over two feet a year), seeing about 20 days a year with an inch or more of snow. In total, there's about 76 days a year with significant precipitation - a little bit above average, but pretty normal for the East Coast. Large storms are rare, although the town was adversely affected during Hurricane Irene in 2011, with plenty of flooding and significant damage throughout Paterson. Additionally, those looking for some nature while in Paterson will be in luck. Paterson boasts one of northern New Jersey's finest outdoor attractions in the Paterson Great Falls National Historical Park, which is full of local lore and some great natural sights. There's a small museum along with a jaw-dropping waterfall, perfect for a day trip.

Neighborhoods There are a number of distinct neighborhoods in Paterson, so residents looking to rent homes throughout the town will find plenty of diverse options for settling down. Paterson is split into wards, with each ward featuring plenty of different neighborhoods.

Paterson, NJ Frequently Asked Questions

Paterson, NJ has a walk score of

Paterson, NJ has a bike score of

The state tax rate is 1.4 to 10.75% on top of the federal tax rate of 10 to 37%.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Some data might be from tax-rates.org
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