ZIP 07505 Daily Housing Market & Real Estate Update (Paterson, NJ) | Feb 24, 2026
07505 – February 24, 2026 – Paterson’s 07505 stays ultra-tight on supply; current for-sale/rent counts, rate trend, and what to watch next today.
ZIP 07505 covers part of Paterson in Passaic County, New Jersey. Today’s quick read: inventory inside the ZIP remains very thin, so most shoppers end up widening their search to nearby Paterson ZIPs.
Top takeaways
- Supply is still the story: Realtor.com Research shows just 1 home for sale in 07505 right now, with about 6 active rentals.
- Active listings skew investor-friendly (mixed-use / multifamily) more than typical single-family stock, based on the current Redfin 07505 feed.
- Mortgage rates eased again: Freddie Mac’s weekly average 30-year fixed rate was 6.01% as of Feb. 19, 2026 (down from 6.09% the prior week).
Market snapshot (late February 2026)
Realtor.com’s ZIP-level dashboard continues to flag 07505 as a micro-market with limited public trend data, largely because the active inventory count is so small. As of the most recent update on their market page, 07505 shows 1 for-sale home (flat month over month) and 6 rentals (down month over month).
On the listings side, Redfin currently surfaces only a handful of opportunities tied to the 07505 search. The visible mix leans toward income-producing buildings (for example, mixed-use properties with ground-floor commercial space and apartments upstairs) rather than entry-level owner-occupied homes.
Rates & affordability watch
Freddie Mac’s Primary Mortgage Market Survey (PMMS) puts the average 30-year fixed-rate mortgage at 6.01% as of 02/19/2026, with the 15-year at 5.35%. For 07505 buyers, even small rate moves matter because limited inventory can keep competition (and pricing expectations) sticky.
What’s for sale nearby (no addresses)
- In 07505: Look for mixed-use and multifamily inventory first; that is what dominates today’s small active set on Redfin.
- Nearby Paterson ZIP 07501: Realtor.com shows materially more choice, with about 77 homes for sale and 62 rentals listed at last update.
- Nearby ZIP 07011 (Clifton): Rentals appear deeper there, with Realtor.com showing 83 rentals at last update for broader comparison shopping.
ServiceXTC local pros (not available today)
We did not locate verified ServiceXTC provider pages to feature specifically for ZIP 07505 in today’s run. If you’re a local contractor who supports prep-to-sell projects (repairs, HVAC, roofing, electrical, plumbing, clean-outs, moving), getting listed can help local buyers and sellers find you faster.
Sources
- Realtor.com Research market page for ZIP 07505
- Redfin homes-for-sale search for ZIP 07505
- Freddie Mac PMMS weekly mortgage rate averages
What are you seeing on the ground in 07505 right now: fewer showings because of rates, or more competition because there’s so little to choose from?