Paterson NJ real estate: The City of Paterson, located on the Passaic
River in New Jersey. The Flag of the City of Paterson consists of
a white field with the coat of arms in old gold in the center with
streamers of Jersey blue on which is inscribed "Founded in 1792,"
"Charter 1851," and "City of Paterson". The Coat
of Arms represents a man planting a mulberry bush, the only branch
of the silk industry non-existent in this city. The motto, "Spe
et Labore," meaning "With Hope and Labor", is inscribed
in the city's emblem.
The Paterson NJ real estate market at a glance
Paterson condos- $150,000 to $500,000
Paterson homes single family - $200,000 and up
Paterson duplexes and triplexes $250,000 to $600,000 these are usually
investment
Paterson properties and not really located in "good" neighborhoods
Paterson luxury homes $750,000 and up to over $6 million.
Paterson investment property (including Paterson commercial and land)
$250,000 - $100 million
Paterson gated communities suburban - $700,000 - $5million+
Paterson townhomes range from $180,000 and up
Paterson ranches found in rural areas $300,000 - $2 million
Paterson commercial real estate (found in urban, suburban, and rural
areas) $150k - 100 million+