In Paramus 17% of the housing is rented out compared to 83% of homes are owned, according to the most recent Census Bureau estimates. 16% of Paramus's apartments are found in large buildings of 50 units or more, 32% are located in smaller apartment complexes with less than 50 units, and 51% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Paramus are about 8 years old, on average. Of these, 69% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Studio apartments in Paramus are around 0% of rentals, while 1-bedroom floor plans represent 52% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 48% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Paramus, located in Bergen County, New Jersey, is a suburban borough that lies approximately 20 miles northwest of Midtown Manhattan, making it an attractive location for those who work in New York City but prefer to live in a quieter area. The borough is largely known for its significant retail sector, boasting one of the largest concentrations of shopping malls in the state. The presence of numerous corporate offices and healthcare facilities also contributes to its local economy, drawing professionals from various sectors.
The area is home to several parks and golf courses, including Van Saun County Park, which features sprawling greens, a zoo, and recreational facilities, making it a popular destination for families and outdoor enthusiasts. The Paramus Cultural Arts Center showcases local arts performances and events, contributing to the borough's cultural scene. Paramus also hosts a range of historical sites, reflecting its rich heritage.
Culinary offerings in Paramus are diverse, with a range of dining options from classic American diners to international cuisines like Italian and Korean. The borough's proximity to various ethnic communities in northern New Jersey enriches its dining landscape. Educational opportunities are strong, with the Paramus Public School District providing well-regarded educational programs.
Paramus offers a variety of rental options, from single-family homes to apartment complexes. The architecture predominantly features post-war single-family homes and modern apartment buildings. Renters can find properties near key amenities such as the Paramus Park Mall and the Garden State Plaza, which are hubs for shopping and employment.
The borough is divided into several residential areas, each with its charm and convenience. For example, the area around East Midland Avenue is popular among young professionals due to its proximity to major highways and commercial establishments, while the vicinity of Ridgewood Avenue is favored by families for its quieter streets and access to quality schools.
Paramus is a major shopping destination in Northern New Jersey, primarily known for its extensive selection of malls and retail outlets. Major shopping centers include Paramus Park, The Outlets at Bergen Town Center, and Westfield Garden State Plaza, one of the largest malls in the state. These centers host a range of stores from high-end brands to popular chains, along with dining and entertainment options.
Beyond large shopping malls, Paramus features various specialty shops and boutiques, particularly along routes like Route 17 and Route 4. Shoppers can find everything from luxury goods to everyday items. The borough also hosts several grocery chains and local markets, providing residents with a variety of choices for their daily needs.
While Paramus is primarily car-dependent, there are several public transportation options available for commuting to nearby cities or around the borough. NJ Transit provides bus services connecting Paramus to New York City and other parts of New Jersey. Various bus routes facilitate access to shopping centers, schools, and offices.
For regional and international travel, residents of Paramus typically use nearby airports such as Newark Liberty International Airport and LaGuardia Airport in New York. The borough’s proximity to major highways like Route 17, Route 4, and the Garden State Parkway makes it convenient for car travel within and outside New Jersey.
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