$366,043Average Value$612Average Price per Sq Ft1Home 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 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.
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.
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.
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.
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.
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
David Vanegas,
an experienced agent in this neighborhood.
Parks in this Area
William Carlos Williams Community Park
Paterson Great Falls National Historical Park
Cobb Park
Playground
Lou Costello Memorial Park
Federici Park
Hillford Park
Baseball/Softball
Playground
Mary Ellen Kramer Park
Transit
Airport
Newark Liberty International
25 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
Straight St & 21st Ave
Bus
River St & Lawrence St
Bus
Memorial Dr & Broadway
Crime and Safety
1 - Low Crime, 10 - High Crime
Downtown Paterson
US
Homicide
9
4
Sexual Assault
9
4
Assault with Weapon
10
4
Robbery
10
4
Burglary
7
4
Motor Vehicle Theft
9
4
Larceny
8
4
Crime Score
9
4
Source: WhatIsMyCrimeRisk.com
Downtown Paterson Demographics and Home Trends
On average, homes in Downtown Paterson, Paterson sell after 191 days on the market compared to the national average of 70 days. The median sale price for homes in Downtown Paterson, Paterson over the last 12 months is $486,679, up 50% from the median home sale price over the previous 12 months.
Welcome to this beautifully recently renovated three-family home, situated in Paterson, NJ. The recent renovations was completed in July 2025 which makes this property a prime candidate for a strong rental income. With all three units delivered vacant, you have the flexibility to set your own rental terms and maximize income potential. The first floor entails (3) bedrooms, a full bath, and an
Welcome to 175 Broadway, Unit 205 " A Modern Urban Condo!This spacious and sun-filled 1-bedroom, 1-bath unit offers the perfect blend of comfort, style, and convenience. Located in a secure, elevator building, Unit 205 features an open-concept layout with high ceilings, oversized windows, and sleek finishes throughout. Enjoy a modern kitchen with stainless steel appliances, granite counter tops
Welcome to this beautifully recently renovated three-family home, situated in Paterson, NJ. The recent renovations was completed in July 2025 which makes this property a prime candidate for a strong rental income. With all three units delivered vacant, you have the flexibility to set your own rental terms and maximize income potential. The first floor entails (3) bedrooms, a full bath, and an
Desirable Great Falls Historical Dist. One floor living with 1088 sf of an open floor plan offering a mixture of wood and Laminate floors, 14' ceilings. Kitchen boasts wood cabinets, granite countertops and stainless steel appliances. Main and Primary bath have marble tile, Primary bath has washer/dryer for convenience. All in an elevator building. Parking is in a gated secured garage. Location
Welcome to your stunning newly renovated loft-style unit, where spaciousness meets modern elegance! This impressive 3-bedroom apartment features soaring high ceilings and recessed lighting that create an airy, vibrant atmosphere. Enjoy the stylish eat-in kitchen, perfect for culinary enthusiasts, and a beautifully renovated bathroom that adds a touch of luxury to your daily routine. Located just
Discover brand-new, affordable apartments for rent at Mill Street Square in Paterson, NJ. We offer two distinctive housing programs: Workforce Affordable Housing and for Grandparents Raising Grandchildren. The affordability of rent is made possible through the support of the Paterson Housing Authority. Nestled in the heart of the historic district of Paterson, New Jersey, Mill Street Square is a
Welcome to this newly renovated 2-bedroom, 1-bath apartment offering modern comfort and style in a convenient Paterson location. This bright and spacious unit features a fully updated kitchen, and custom cabinetry. The open-concept living and dining area is perfect for entertaining.new flooring throughout.
Interested in learning more about homes in this area?
Reach out to
David Vanegas,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
10,350
Median Age
38
Population Density
19 ppl/acre
Population under 18
26.6%
On par with the national average
23.8%
Population over 65
16%
On par with the national average
19.1%
Finances
Median Household Income
$23,386
Significantly below the national average
$71,702
Average Household Income
$43,221
Education and Workforce
High School Graduates
65.7%
Below the national average
89.1%
College Graduates
9.3%
Below the national average
34.1%
Advanced Degrees
1.5%
% Population in Labor Force
47.1%
Weather
Annual Precipitation
45''
Average Winter Low Temperature
23°F
Average Summer High Temperature
85°F
Annual Snowfall
14''
Area Factors
Bikeable
Bike Score®
50/ 100
Walker's Paradise
Walk Score®
97/ 100
Good Transit
Transit Score®
64/ 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.
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.
