Parsippany, Paterson, NJ
Parsippany — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Parsippany, Paterson, New Jersey. Explore the cited sources and local facts below while agent underwriting continues.
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Parsippany Neighborhood Overview
Parsippany is a distinct residential neighborhood within the city of Paterson, New Jersey, known for its quiet, tree-lined streets and strong sense of community. It offers a suburban feel while providing convenient access to the broader amenities and transportation links of the larger city.
Housing & Real Estate
The neighborhood primarily features well-maintained single-family homes, many with classic architectural styles. With a median home value of $558,400, the real estate market here is stable and represents a significant investment in the Paterson area.
Schools & Education
Families in Parsippany are served by the Paterson Public School District, with several elementary and high schools located in or near the neighborhood. The area's strong community focus often translates into active parental involvement in local schools.
Parks & Recreation
Residents enjoy access to local parks and green spaces perfect for family outings and recreational activities. The neighborhood's proximity to the broader Paterson park system, including the historic Great Falls, provides ample opportunities for outdoor exploration.
Local Dining & Shopping
Parsippany boasts a variety of local eateries and convenience shops that cater to everyday needs. For more extensive shopping and diverse dining options, residents can easily travel to nearby commercial corridors and downtown Paterson.
Who Lives Here
The neighborhood is home to a mix of families, professionals, and long-term residents. With a median household income of $105,434, Parsippany is one of the more affluent areas within Paterson, contributing to its well-kept appearance and community resources.
Parsippany Market Data
| Metric | Value |
|---|---|
| Median Home Price | $558K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $105K |
| Homeownership Rate | 49.8% |
| Renter-Occupied | 50.2% |
| Rental Vacancy Rate | 3.1% |
| Market Type | Seller's |
| Primary ZIP Code | 07054 |
Top Real Estate Agents in Parsippany, Paterson
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Parsippany, Paterson, NJ. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: New Jersey Real Estate Commission (NJREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-14