Passaic, NJ housing supply, ownership, and rent

Start with the dated local finding: Passaic, NJ's current ACS housing baseline includes 21,693 total housing units, 21,151 occupied units, and 542 vacant units. In practical terms, those counts may help a borrower establish the scale of the measured housing base before comparing tenure, rent, current listings, property condition, and financing. The figures describe stock across the survey period; they do not say that 542 homes were listed for sale or available to rent at one moment. For the decision at hand, reading 21,693 total units with 21,151 occupied and 542 vacant units keeps the release internally grounded while leaving live availability to current listing and property evidence.

Vacant units in Passaic, NJ decreased from 1,368 in the prior ACS period to 542 in the current release, a reported movement of 60.4%. In the current housing stock, 542 units equal 2.5% of the 21,693 total. ACS vacancy covers several statuses, so the 2.5% share cannot be read as the share of homes a buyer can purchase today or the share of rentals immediately available. For borrower planning, the movement from 1,368 to 542 can still prompt better questions about current for-sale and rental inventory in Passaic, NJ, provided those questions are answered with timely listing and property data in place of the survey count alone.