Paterson, New Jersey Short Term Rental Regulations
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Reviewed by Karolyn Hutson
Last updated August 23, 2023
Paterson Short-Term Rental Regulations
Information is maintained by the community to provide helpful insights and links to local regulations, HostScouts does not provide legal or investment advice.
City Code of Ordinances
Currently, Paterson does not regulate short-term rental in any way, shape, or form. This does not mean that this will not change in the future.Business License Requirements
Paterson does not need a business license to operate a short-term rentalBuilding and Housing Standards
Paterson has rules and regulations that specify minimum building, design, maintenance standards, habitability, health, and safety requirements. Some rules and regulations that apply to residential and non-residential properties may apply to your listing. Consult Community Development for more informationTourist and Local Taxes
Short-term rentals might also be subjected to the city, state, and county sales tax and are liable for payment as established by the city, state and county lawOther Rules
It is also essential to understand and abide by other contracts or rules that bind you, such as leases, condo boards, co-op rules, HOA rules, or rules established by tenant organizations. Please read your lease agreement and check with your landlord if applicable. Visit the City of Paterson for more informationIs something not quite right? Registered users can suggest changes to this guide.
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Short Term City Rating7.1
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Competition
7.0 -
Real Estate Cost
4.8 -
STR Regulations
10.0 -
Seasonality
9.7 -
Rental Rates
4.0
Paterson, New Jersey Quick Stats
Short-term rentals have gained a lot of traction in the last few years. The trends and statistics of this sector are constantly changing, and having access to accurate data is essential for making sound investment decisions.
- Population
- 159,732
- STR License Required
- No
- Tourist Season
- County
- Passaic
- Airports
- Teterboro Airport (TEB)
- Essex County Airport (CDW)
Want to learn more about Paterson?
Hostscouts has you covered. Our guides for this city cover topics that can help you research cities across the US quickly and easily.
Check out our Paterson rental analytics guide if you're interested in data on the Paterson rental market.
Review the popular activities that hosts include in their property positing in Paterson.
The most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings.
Explore nightly rates that hosts list their properties and the average fees for pets and additional guests.
What are the most popular property sizes for rent? Research whether a 1, 2, or 3 bedroom best fits Paterson guests.
Interested in other New Jersey cities?
Check out the New Jersey Airbnb rules directory
What makes Paterson a great place to invest?
- Great Falls National Historical Park: Paterson's crowning jewel, the Great Falls National Historical Park, showcases the awe-inspiring 77-foot waterfall that played a crucial role in the city's industrial development. Visitors can take a guided tour, explore educational exhibits at the park's visitor center, and enjoy spectacular views from the footbridge overlooking the falls.
- Paterson Museum: Located in the historic Thomas Rogers Building, the Paterson Museum celebrates the city's rich industrial and cultural history. With exhibits on the evolution of Paterson's textile, locomotive, and silk industries, as well as collections of fine art, fossils, and minerals, the museum offers an engaging, educational experience for all ages.
- Lambert Castle: Nestled atop a hill, Lambert Castle is a magnificent architectural gem that boasts panoramic views of the New York City skyline. This 19th-century mansion is now a museum where visitors can explore the opulent rooms, learn about the history of the city, and attend various special events and exhibits throughout the year.
- Garrett Mountain Reservation: For outdoor enthusiasts, the 568-acre Garrett Mountain Reservation is the perfect spot for hiking, bird watching, and picnicking. This scenic park offers miles of trails, scenic overlooks, and a range of flora and fauna. Sports facilities such as basketball courts, baseball fields, and playgrounds cater to visitors of all ages.
- Art Factory: Housed in a repurposed 19th-century textile mill, the Art Factory is a thriving hub for local artists and artisans. The sprawling complex features galleries, studios, and performance spaces, allowing visitors to immerse themselves in Paterson's vibrant art scene. Attend exhibitions, workshops, and events, or simply explore the unique shops offering handcrafted goods and souvenirs.
Paterson Nearby Cities
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2 miles away
- Rating: 6.3
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7 miles away
- Rating: 5.8
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Local Real Estate
How expensive is the real estate in Paterson?
The cost of real estate can vary widely depending on the location, size, and features of the property, as well as market conditions. The median home value in Paterson has increased 3% over the past year, and the average price per square foot is $341, which is higher than the national average.
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Median Sale Price
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$591,958
3% YoY
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Median per Square Foot
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$341
5% YoY
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Average Monthly Rent
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$2,491
2% YoY
The most common terms hosts include in their listings for Paterson, New Jersey
Common terms for Paterson short term rental listings.
When potential guests are scrolling through listings on Airbnb, they’re looking for certain essential information to help them decide if your property is the right fit for their needs. As a host, ensuring that your listing includes all the relevant information that guests will be looking for is vital.
Some of the must-have elements of a property description include:
- Location: Guests will want to know where your property is located in relation to popular attractions, public transportation, and other points of interest.
- Amenities: What amenities does your property offer? Be sure to list all features guests can access, such as a pool, hot tub, parking, etc.
- Informative: The average listing in Paterson has a description approximately 999 words long. Make sure yours is long enough to describe your property but doesn't require your potential guest to read a novel.
After reviewing more than 680 listings in Paterson, we've consolidated the most common terms on the word cloud. The larger text represents a term that is used more often. The top ten mentioned terms are NYC, Place, Comfortable, Bus, Clean, Quiet, Family, Car, Walking, and Montclair.
What are the most popular tourist activities in Paterson?
Whether renting a house, an apartment, or a room, you should include popular tourist activities in your posting. The most common choices mentioned on property listings in Paterson involve Outlet Shopping, Museums, Water Parks, the Health Spa, and Adventure Activities. When you write your listing, have a section with recommended activities near the property to give your guests an idea of what is available.
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Outlet Shopping
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Museums
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Water Parks
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Health Spa
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Adventure Activities
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City Centre
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Zoo
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Theme Parks
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Hiking
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Ice Skating
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Cycling
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Swimming
Local Attractions
What attractions do hosts highlight to guests?
There are quite a few popular attractions in Paterson, including Times Square, Central Park, Broadway, Central Park, and Manhattan Cruise Terminal. Below we've included the most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings. Many hosts like to show off lesser-known regional landmarks visitors might not have heard of.
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Well Known Attraction
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Central Park
Included on 39% of listings
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Well Known Attraction
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Manhattan Cruise Terminal
Included on 38% of listings
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Well Known Attraction
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Columbia University
Included on 37% of listings
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Well Known Attraction
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Times Square
Included on 36% of listings
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Well Known Attraction
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Broadway
Included on 36% of listings
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Regional Landmark
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New York Presbyterian Hospital
Included on 36% of listings
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Well Known Attraction
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Rockefeller Center
Included on 33% of listings
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Well Known Attraction
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Manhattan Cruise Terminal
Included on 33% of listings
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Well Known Attraction
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Metropolitan Museum of Art
Included on 33% of listings
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Well Known Attraction
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Bryant Park
Included on 33% of listings
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Well Known Attraction
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Prudential Center
Included on 32% of listings
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Well Known Attraction
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Central Park
Included on 31% of listings
What’s the weather like in Paterson, New Jersey?
The weather is generally milder than the national average, with an average high temperature of around 62°, while the average low is about 45°. The rainfall is much heavier, averaging about 39 inches per year, compared to the national average of about 27 inches. Snowfall can be rather heavy, averaging less than 28 inches per year. The humidity levels in Paterson are generally lower than the national average, and the city has a mix of clouds and sunshine for most of the year.
Winter
December through February
26° Low 41° High
Spring
March through May
43° Low 61° High
Summer
June through August
64° Low 82° High
Fall
September through November
47° Low 64° High
Cities Near Paterson
Paterson, New Jersey, is located in Passaic County. Some cities that are located nearby include:
