Explore Paterson in New Jersey City

General Information
Paterson, New Jersey, is a vibrant city located in Passaic County. Known as the "Silk City" for its pivotal role in the silk production industry during the 19th century, Paterson is a hub of cultural diversity, historical significance, and urban energy. With a population of approximately 159,732 as of the 2020 census, it is the third-most populous city in New Jersey and spans 8.71 square miles.
Real Estate Information
Paterson's real estate market offers a variety of options, including single-family homes, townhouses, and apartments. Its proximity to New York City and access to public transportation make it an attractive choice for commuters. Many neighborhoods are known for their vibrant atmosphere, with local businesses, schools, and parks adding to their appeal. Paterson's affordability and accessibility make it a popular destination for families, professionals, and investors alike.
Historical/Interesting Facts
The city's history is deeply rooted in its industrial past, particularly its role as a major silk production center in the United States. Established in 1791 and incorporated as a city in 1851, Paterson was designed by Alexander Hamilton as the nation's first planned industrial city. Historical landmarks such as the Great Falls of the Passaic River and the Paterson Museum highlight the city's rich heritage and its efforts to preserve its historical significance.
Properties Statistics
Total Properties
20
Median Asking
$550,319.40
Average Days on Market
64 days
Average Home Age
82 years
Based on results from 20 properties
