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Paterson, NJ Overview

As the county seat and one of New Jersey’s largest cities, Paterson boasts a long and illustrious business history. New enterprises continue to be attracted to Paterson with its prime location and quality work force. In conjunction with the rebirth of the Historic District and Greta Falls area, former mills have been converted into attractive offices, services, stores, and even residences. Enhancing the widespread economic revitalization, expansion of Route 19 ensures direct access to downtown Paterson from all major highways surrounding the city. Accessible transportation includes the Garden State Parkway, the New Jersey Turnpike, Route 19, and bus or train service to New York City. YMCA facilities, a recreation center, numerous local parks, playgrounds, athletic fields, tennis courts, and a swimming pool are just a few of the recreation amenities.

Summary

Population Growth (since 2000)	0%
Population Density (ppl / mile)	17,635.00
Household Size (ppl)	3.231
Households w/ Children	37%

Housing Stability

Annual Residential Turnover	0%
5+ Years in Residency	19%
Median Year in Residency	2.38

Housing Inventory

Market Overview

498 listings with an estimated median price of $498,000

Price	Count
$0 - 100K	28
$100K - 200K	23
$200K - 300K	34
$300K - 400K	74
$400K - 500K	125
$500K - 600K	96
$600K - 700K	71
$700K - 800K	17
$800K - 900K	9
$900K - 1M	1
$1M - Max	20

Property Type	Count
Single Family	90
Condo	24
Commercial	70
Rental	78
Lots and Land	20
CoOp	1
Multi Family	293

(Data as of 4/23/2024)

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Total: 148,635

Households:45,200

Median Age: 34.64

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature (degrees F)

Weather Risk

Education

The Community Educational Index chart is based on the U.S. Census Bureau's Socioeconomic Status (SES) elements. Factors used in creating the index below are income, educational achievement, and occupation of persons within the selected ZIP code. Since this index is based on the population of an entire Zip code, it may not reflect the nature of an individual school.

Education Climate Index

Highest Education Level Attained

Employment and Finance

Workforce

Income by dollar range (Median Income: $36,191)

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio: $1,178
One Bedroom: $1,328
Two Bedroom: $1,557
Three Bedroom: $2,001
Four Bedroom: $2,362

Smoking Ban

The Smoking Ban data indicates whether an area has a smoking ban in place for workplaces, restaurants or bars. This information represents that of the search area and may not reflect that of the whole County or State.

Workplaces: Yes
Restaurants: Yes
Bars: Yes

Crime

The Crime Index compares the risk or probability of future occurrence of certain types of crime in this community as compared to the national average. The national average for each type of crime equals a score of 1.0, so a score of 2.0 would represent twice the risk as the national average, and a score of 0.50 would represent half the risk of the national average.