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Paterson, NJ

Paterson, New Jersey, is the ideal home for anyone who wants convenient access to New York City, without having to actually live a totally urban life. Currently the third largest city in New Jersey, with a population approaching 150,000, Paterson’s proximity to NYC is probably its biggest bragging right, but it has plenty to offer in city proper.

Established in 1791, Paterson was actually the first planned industrial city in the U.S. Alexander Hamilton and friends were inspired by the area’s naturally occurring waterfalls to create industrial water power systems, which in turn led to a boom in manufacturing, railroad locomotives and other industries. Indeed, it is still known as the “Silk City,” thanks to its prominence in the fabric/textiles market toward the end of the 19th century, a status that continues today. Government and healthcare companies are also major employers.

Paterson is known for being a welcoming, exceptionally diverse community, particularly since it was largely founded by the immigrants who worked in the mills and turned the city into a success story. Paterson homes for sale are currently listed at a median price of $210,000. Homes for sale in Paterson can be found in a range of neighborhoods at all price points.

Naturally speaking, the crown jewel of the city is Paterson Great Falls National Historical Park. The free attraction was named a National Historic Landmark District in 1976 and features tours or self-guided activities. One of the main draws of the park is the Great Falls of the Passaic River, which can be experienced up-close or as a view from Overlook Park. Another popular site is Lambert Castle, a 19th century home since converted into a museum that celebrates both the era and area of Paterson. Be sure to stroll the grounds of 568-acre Garret Mountain Reservation, which surrounds the castle and includes a number of trails. Those looking for night life in the area have plenty to choose from, including everything from sports bars to fine dining to night clubs.

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