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Downtown Paterson

Downtown Paterson

Urban Core Neighborhood in Paterson, New Jersey

Passaic County 07501, 07505, 07522

$364,447 Average Value
$264 Average Price per Sq Ft
2 Homes For Sale

Affordable properties, employment opportunities highlight this downtown neighborhood

The central commercial district of the Paterson area, Downtown Paterson, is not only the oldest part of the city but is the home of two architectural landmarks: City Hall and the Passaic County Courthouse. The city of Paterson is America's first planned industrial city and was founded in part by Alexander Hamilton, who saw the area as the foundation for America's Industrial Revolution. Paterson's name comes from William Paterson, who served as governor of New Jersey and signed the Constitution. Today, Downtown Paterson provides its residents with affordable multi-family dwellings, an array of Latin American food options, and proximity to various parks, including Great Falls National Historical Park. “People come to Paterson for the proximity to the highways as well,” John Susani, a broker/owner with Coldwell Banker Susani Realty, says. “There are also several employment options, including at St. Joseph’s University Medical Center.”

Downtown Paterson is the primary commercial district of Paterson, NJ, in Passaic County.
Downtown Paterson is the primary commercial district of Paterson, NJ, in Passaic County.
Downtown Paterson is home to the Passaic County Court House.
Downtown Paterson is home to the Passaic County Court House.
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Close together multi-family and single-family dwellings

Residents tend to live in multi-family dwellings throughout the neighborhood, with 90% of residents being renters. Some single-family homes feature aluminum siding facades with large front-facing windows and sell for between $160,000 and $575,000. Most Downtown Patterson residences often run tall and are very close together, if not connected. While Downtown Paterson is a very walkable community with a Walk Score of 85 out of 100, its Crime Score is higher than the national average, as the CAP Index gave the neighborhood an 8 out of 10 score.

Though Downtown Paterson is mostly commercial, some single family homes can be found.
Though Downtown Paterson is mostly commercial, some single family homes can be found.
Downtown Paterson is a highly walkable community with a walk score of 85, but it has a higher-than-average crime rate.
Downtown Paterson is a highly walkable community with a walk score of 85, but it has a higher-than-average crime rate.
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Plethora of public transit options

Residents in Downtown Paterson have easy access to public transportation, including the NJ Transit Commuter Rail at the Paterson stop on Ward Street and bus stations on Grand Street. Commuters looking to make the trip to Manhattan are in for a 21-mile drive. Newark Liberty International Airport is also a 21-mile drive from the neighborhood. St. Joseph’s University Medical Center is less than a mile from Downtown Paterson.

Students attend the Paterson Public School District

Children in Downtown Paterson attend the Paterson Public Schools. Of the district's 25,000 students, over half speak a primary language other than English, resulting in more than 40 languages spoken in district classrooms. Starting in kindergarten, students may attend Paterson Public School No. 2, which earned a C-minus grade from Niche. In ninth grade, students may move on to John F. Kennedy High School, which has not yet been graded by Niche. As for private school options, residents could send their children to Mary Help of Christians Academy, which earned an A grade from Niche.

Paterson Public School Two serves students K-8 and is 80% Hispanic.
Paterson Public School Two serves students K-8 and is 80% Hispanic.
Older Downtown Paterson students attend JFK High School.
Older Downtown Paterson students attend JFK High School.
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Latin American food galore

Downtown Paterson is a mecca for Latin American cuisine. Residents can take a walk on Main Street and grab a meal at the Main Corner Restaurant, which is open for breakfast, lunch and dinner every day of the week. Nearby on Market Street, there are several Peruvian restaurants, including Panchito’s Restaurant, popular for its “1 Pollo,” which is a rotisserie chicken served with French fries. Residents looking to shop can stop by the Center City Mall, which includes stores like Marshalls and The Children’s Place. For grocery shopping, residents can head to Price Rite Marketplace of Paterson.

The Dominican Day Parade has been serving smiles and happy memories to its residents for years.
The Dominican Day Parade has been serving smiles and happy memories to its residents for years.
Leña y Carbón, a popular Market Street restaurant, offers traditional Peruvian cuisine and cocktails in a casual setting with a bar, dance floor, and live music.
Leña y Carbón, a popular Market Street restaurant, offers traditional Peruvian cuisine and cocktails in a casual setting with a bar, dance floor, and live music.
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Great Falls National Historical Park, a Paterson staple

Flanked by the Passaic River, Downtown Paterson neighbors Great Falls National Historical Park. Great Falls is home to one of the country's largest waterfalls. Visitors can take a historic mill tour at the park and listen to stories about Alexander Hamilton. Others enjoy heading over to Eastside Park, just east of the neighborhood. “Eastside Park is one of the more beautiful parks in the area,” Susani says. Whether residents want to play baseball or tennis or check out the Learning Garden, Eastside Park has it all. Just south of the neighborhood is the Garret Mountain Reservation, which visitors love for its trails, butterfly garden and equestrian center.

Paterson Great Falls National Historic Park is a great place to come and relax.
Paterson Great Falls National Historic Park is a great place to come and relax.
Enjoy the beauty of nature at Paterson Great Falls National Historic Park.
Enjoy the beauty of nature at Paterson Great Falls National Historic Park.
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Great Falls Festival

“Paterson has a Great Falls Festival every year,” Susani says. “People come from all over for the event.” The Great Falls Festival usually takes place over Labor Day weekend. Eventgoers can enjoy live music, food, while their children enjoy the games and rides.

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Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Trina Olivo, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Newark Liberty International

26 min drive

Train

Paterson

Bus

Memorial Dr & Ellison St

Bus

Memorial Dr & Ellison St, Opposite Passaic Ccc

Bus

Grand St & Jersey St

Bus

Ellison St & City Hall

Bus

Holsman St & Stout St

Bus

Straight St & 21st Ave

Bus

River St & Lawrence St

Crime and Safety

1 - Low Crime, 10 - High Crime Downtown Paterson US
Homicide 9 4
Sexual Assault 7 4
Assault with Weapon 9 4
Robbery 10 4
Burglary 6 4
Motor Vehicle Theft 8 4
Larceny 7 4
Crime Score 8 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$329,000
Median Single Family Price
$315,000
Median 2 Bedroom Price
$220,000
Average Price Per Sq Ft
$264
Number of Homes for Sale
2
Last 12 months Home Sales
21
Months of Supply
1.10
Median List Price
$329,000
Median Discount From 1st List Price
0%
Median Home Sale Price YoY Change
15%

Home Facts

Number of Homes in Neighborhood
118
Median Year Built
1892
Avg. Single Family Home Size Sq Ft
1,612
Below the national average
1,935
Average 2 Bedroom Size Sq Ft
1,546
Average 1 Bedroom Size Sq Ft
878
Median Lot Size Sq Ft
31,493,880

Open Houses

  • Saturday, Apr 26
    10am - 12:30pm

    11 Barnert Place, Paterson, NJ 07522

    $489,900

    • 6 Beds
    • 2 Baths
    • 11 Barnert Place
    • New 3 days ago

    This two-unit house has four rooms in the first-floor apartment, LR, a modern eat-in kitchen, two bedrooms, and a modern bath. The second-floor apartment has LR, Modern Eat-in Kitchen, two bedrooms, and a Modern bath, the third floor has two extra bedrooms. Separate (2) newer Gas Hot Water Boilers. and two water heaters. Each apt has been remodeled with new floors, cabinets, and a new sink.

    HATM BASUF COLDWELL BANKER SUSANI REALTY

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  • Sunday, Apr 27
    1 - 3pm

    10 Halpine St, Paterson, NJ 07522

    $399,999

    • 3 Beds
    • 1.5 Baths
    • 10 Halpine St
    • New 5 days ago

    YOUR SEARCH ENDS HERE...Pride of ownership radiates from this meticulously maintained side-hall Colonial, offered for the very first time by the original owner. Inside, the home is bathed in natural light and features beautiful oak hardwood floors throughout, neutral walls, recessed lighting, and gleaming stainless steel appliances. The main level includes an inviting living area with an electric

    MATTHEW O HARE COLDWELL BANKER REALTY SRV

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  • Sunday, Apr 27
    1 - 3pm

    17 Holsman St, Paterson, NJ 07522

    $525,000

    • 6 Beds
    • 4 Baths
    • 17 Holsman St
    • New 10 days ago

    Welcome to this beautifully updated two-family home located on a massive corner lot in the vibrant city of Paterson. Perfect for investors or owner-occupants, this property features two spacious units. Each offering 3 generously sized bedrooms and 1.5 bathrooms with thoughtful upgrades throughout. Step inside to discover newly renovated kitchens boasting modern cabinetry, quartz countertops,

    MARIUM HANAFY FLOROSTONE REALTY INC.

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Trina Olivo, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
16,791
Median Age
35
Population Density
31 ppl/acre
Population under 18
29%
Above the national average
23.8%
Population over 65
13.5%
Below the national average
19.1%

Finances

Median Household Income
$27,763
Significantly below the national average
$71,702
Average Household Income
$43,711

Education and Workforce

High School Graduates
69.3%
Below the national average
89.1%
College Graduates
8.7%
Significantly below the national average
34.1%
Advanced Degrees
1.4%
% Population in Labor Force
50.1%

Weather

Annual Precipitation
44''
Average Winter Low Temperature
23°F
Average Summer High Temperature
85°F
Annual Snowfall
17''

Area Factors

Somewhat Bikeable

Bike Score®

49 / 100

Walker's Paradise

Walk Score®

95 / 100

Good Transit

Transit Score®

63 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Downtown Paterson