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Passaic County

Per Cent Home Owners

 
 
         
Over 90% 70 to 90 50 to 70 30 to 50 Under 30%

Overview

The map on the left shows the percentage of home owners in Passaic County. For most households it is the single largest investment that a household can make. Owning a home means ...

  • •  Building generational wealth
  • •  Liberation from rental increases
  • •  Safeguards against inflation
  • •  Potential tax savings
  • •  Social, health, and psychological benefits

Base on various studies, neighborhoods with high percentages of owned homes tend to be more stable over time. Thereby creating a better environment for raising children, creating long term relationships and development of a stronger neighborhood (e.g. crime prevention and civic pride)

Sources: STI: PopStats

Owner/Renter Comparison


Data Topic Passaic County  New Jersey  Nation 
Total Population 525,1449,430,819340,981,027

Housing

Owner Occupied 92,6462,225,64384,315,969
Renter Occupied 84,8731,259,73646,128,534
Vacant 7,813297,90413,710,083
Total Housing 185,3323,783,283144,154,586

Per Cent Housing

Owner Occupied 49.9958.8358.49
Renter Occupied 45.8033.3032.00
Vacant 4.227.879.51