Paramus borough: Median Gross Rent Trend
How Paramus borough's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$1,865
2023
$2,845
Total change
+$980
% change
+52.5%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $1,865 | — |
| 2019 | $2,011 | +$146 (7.8%) |
| 2020 | $2,503 | +$492 (24.5%) |
| 2021 | $2,470 | $33 (-1.3%) |
| 2022 | $2,648 | +$178 (7.2%) |
| 2023 | $2,845 | +$197 (7.4%) |