Market Overview
Home Prices in Passaic, NJ
The median home value in Passaic, NJ is $563,434 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% compared to a year ago and up 6.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Passaic are priced37% above average. Passaic is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Passaic home values have risen by approximately34.8%, reflecting strong long-term appreciation in this market.
Price History
Passaic Home Price Trend
City Comparison
Passaic vs. National Median
At $563,434, homes in Passaic cost 37% above the national median of $410,000. Buyers in Passaic should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Passaic?
20% Down Payment
$112,687
on $563,434
Monthly P&I
$2,939/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,733/mo
incl. taxes & insurance
Income Needed
$149,320
gross annual (30% rule)
10% Down Option
$56,343
+ PMI applies
Loan Amount (20% dn)
$450,747
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Passaic, NJ?
The median home value in Passaic is $563,434 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in Passaic?
Over the past year, home values in Passaic have increased by 1.7%. Over five years, prices have risen approximately 34.8%.
How much do I need to earn to buy a home in Passaic?
To comfortably afford the median home price of $563,434 with a 20% down payment ($112,687) at today's rates (6.8%), you'd need a gross annual income of approximately $149,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Passaic compare to the national average home price?
The national median home value is approximately $410,000. At $563,434, homes in Passaic are 37% above the national average.
What metro area is Passaic part of?
Passaic is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.