Why Live in Old Great Falls
Old Great Falls in Paterson, New Jersey, is characterized by its proximity to park spaces and the Passaic River, creating an outdoorsy atmosphere that appeals to those seeking a break from urban life. The neighborhood is intersected by Interstate 80, providing convenient access for commuters, and connects with Route 19 near the Paterson train station, facilitating travel to Hoboken and Suffern via New Jersey Transit. The area is highly walkable, with buses running along McBride Avenue and Grand Street. Local attractions include the Paterson Great Falls Observation Deck, Pennington Park, and the expansive Garret Mountain Reservation, which features hiking trails, an equestrian center, and Lambert Castle.
Old Great Falls has a variety of dining options, from La Llama Bakery & Deli’s Latin American treats to Mexico Bar & Grill’s vibrant Mexican cuisine, and Avocado Eatery’s eclectic menu. For shopping, residents can visit Center City Mall, located one mile west, which houses a Price Rite grocery store. The neighborhood’s housing reflects its working-class roots, with a mix of multi-family homes and single-owner properties. Two-bedroom townhouses range from $345,000 to $415,000, while larger single-family homes can reach up to $700,000. Multi-family homes, some with up to eight bedrooms, are priced between $900,000 and $950,000.
The neighborhood is undergoing revitalization, contributing to its growing appeal among new residents from areas like the Bronx, Brooklyn, and Washington Heights.
Frequently Asked Questions
Is Old Great Falls a good place to live?
Old Great Falls is a good place to live. Old Great Falls is considered car-dependent and somewhat bikeable with some transit options. Old Great Falls is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Old Great Falls has 9 parks for recreational activities. It is fairly dense in population with 11.2 people per acre and a median age of 37. The average household income is $79,468 which is below the national average. College graduates make up 17.4% of residents. A majority of residents in Old Great Falls are renters, with 57.8% of residents renting and 42.2% of residents owning their home. A
local real estate agent serving Old Great Falls can help you decide if this neighborhood is the right one for you. Learn more on our
Old Great Falls neighborhood guide.
Is Old Great Falls, NJ a safe neighborhood?
Old Great Falls, NJ is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Old Great Falls?
The median home price in Old Great Falls is $400,000. If you put a 20% down payment of $80,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $1,990 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $85K a year to afford the median home price in Old Great Falls. The average household income in Old Great Falls is $79K.
What are the best public schools in Old Great Falls?
The best public schools that serve Old Great Falls are:
What are the best private schools in Old Great Falls?
The best private schools that serve Old Great Falls are:
What are the most popular zip codes in Old Great Falls, Paterson, NJ?
What are the most popular neighborhoods near Old Great Falls, Paterson, NJ?
Home Trends in Old Great Falls, NJ
On average, homes in Old Great Falls, Paterson sell after 29 days on the market compared to the national average of 52 days. The median sale price for homes in Old Great Falls, Paterson over the last 12 months is $405,000, up 17% from the median home sale price over the previous 12 months.
Median Sale Price
$405,000
Median Single Family Sale Price
$439,500
Median Townhouse Sale Price
$444,500
Median 2 Bedroom Sale Price
$380,000
Average Price Per Sq Ft
$351
Number of Homes for Sale
11
Last 12 months Home Sales
51
Median List Price
$400,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
17%
