Downtown Paterson median real estate price is $353,086, which is less expensive than 85.4% of New Jersey neighborhoods and 53.1% of all U.S. neighborhoods.
The average rental price in Downtown Paterson is currently $2,232, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 88.1% of New Jersey neighborhoods.
Downtown Paterson is a densely urban neighborhood (based on population density) located in Paterson, New Jersey.
Downtown Paterson real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Downtown Paterson neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Downtown Paterson has a 9.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 61.0% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
In the Downtown Paterson neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 44.0% of commuters carpool here, which is more than in 99.9% of all U.S. neighborhoods.
Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Downtown Paterson neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 63.3% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.4% of America's neighborhoods.
In addition, renter-occupied real estate is dominant in the Downtown Paterson neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 92.8%, which is higher than 97.6% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Furthermore, if you like crowded places, then you will probably enjoy the the Downtown Paterson neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.9% of neighborhoods in the U.S., with 24,332 people per square mile living here.
NeighborhoodScout's exclusive research revealed that 97.7% of the adult residents in the Downtown Paterson neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 98.6% of the neighborhoods in America.
In addition, the Downtown Paterson neighborhood stands out for having an average per capita income lower than 98.3% of the neighborhoods in the United States.
Also, single parenting is hard. But you don't have to tell the Downtown Paterson neighborhood about it; they already know. 19.5% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 96.8% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.
More people work in manufacturing and as laborers here in the Downtown Paterson neighborhood than in 98.4% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.
American households most often have a car, and regularly they have two or three. But households in the Downtown Paterson neighborhood buck this trend. 31.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.2% of U.S. neighborhoods.
Did you know that the Downtown Paterson neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 34.5% of this neighborhood's residents have Dominican ancestry and 9.5% have Puerto Rican ancestry.
Downtown Paterson is also pretty special linguistically. Significantly, 66.2% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 96.9% of all U.S. neighborhoods.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Downtown Paterson neighborhood in Paterson are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 98.3% of U.S. neighborhoods. With 49.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 94.1% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Downtown Paterson neighborhood, 48.1% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 30.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.1%), and 9.6% in executive, management, and professional occupations.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Downtown Paterson neighborhood is Spanish, spoken by 66.2% of households. Other important languages spoken here include English and Italian.
Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Downtown Paterson neighborhood in Paterson, NJ, residents most commonly identify their ethnicity or ancestry as Dominican (34.5%). There are also a number of people of Mexican ancestry (11.9%), and residents who report Puerto Rican roots (9.5%), and some of the residents are also of South American ancestry (5.3%), along with some Italian ancestry residents (1.7%), among others. In addition, 37.0% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Downtown Paterson neighborhood spend between 15 and 30 minutes commuting one-way to work (39.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (44.0%) carpool with coworkers, friends, or neighbors to get to work. In addition, quite a number also drive alone in a private automobile to get to work (38.6%) and 9.5% of residents also hop out the door and walk to work for their daily commute. Despite relying on the automobile to get to work, residents of this neighborhood share the ride more than most neighborhoods, reducing traffic, pollution, and saving money.
