Why Live in Passaic
Passaic is a densely developed neighborhood known for its diverse community and convenient commute to New York City. The area is home to St. Mary’s General Hospital and is less than 5 miles from St. Joseph’s University Medical Center, making it a hub for healthcare professionals. Commuting to Manhattan is facilitated by state Route 3 and the Passaic River Bridge, with options including NJ Transit trains and buses, offering travel times ranging from 40 minutes to an hour. Newark Liberty International Airport is about 13 miles away. Passaic is undergoing significant residential development, with new luxury apartments and condos being built. The Urban Enterprise Zone in Passaic offers reduced sales tax rates and business incentives, enhancing the local economy. Housing styles vary from closely packed single-family homes, including National style, Queen Anne, Tudor, and colonial homes, to high-rise and townhouse condos. Main Avenue is the primary commercial strip, featuring a mix of local businesses and dining options like El Chevere and Noches De Colombia. The Promenade Shops at Clifton provide additional shopping opportunities. Passaic hosts various cultural events, such as the Mexican Day Festival and the Burning of the Chametz, fostering community engagement. Third Ward Memorial Park is a key recreational area, offering ice skating, roller skating, playgrounds, and cherry blossoms in spring. Dundee Island Park, opened in 2019, provides modern recreational facilities. Passaic Academy for Science & Engineering is a highly rated school. Crime rates in Passaic are comparable to the national average, and areas near the Passaic River may require flood insurance due to flood risks.
Home Trends in Passaic, NJ
On average, homes in Passaic, NJ sell after 65 days on the market compared to the national average of 50 days. The median sale price for homes in Passaic, NJ over the last 12 months is $430,000, up 10% from the median home sale price over the previous 12 months.
Median Sale Price
$430,000
Median Single Family Sale Price
$560,000
Median Townhouse Sale Price
$400,000
Median 2 Bedroom Sale Price
$290,000
Median 1 Bedroom Sale Price
$237,500
Average Price Per Sq Ft
$330
Number of Homes for Sale
10
Last 12 months Home Sales
66
Median List Price
$507,700
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
10%