Is Paterson being gentrified?
Is Paterson being gentrified? As NJ experiences development boom, gentrification concerns grow among longtime residents. NEW JERSEY (PIX11) — From Paterson to Hackensack, South Orange and Camden, New Jersey is experiencing what some would call a construction boom, with housing developments on the rise.
Is Paterson a good place to invest in real estate? From its past marred by urban blight, Paterson is emerging as a hot spot for real estate investment. Two of the city’s ZIP codes are among the fastest-appreciating areas for real estate sales in North Jersey, according to Zillow data between February 2020 and June 2021.
Is Paterson NJ up and coming? Paterson is growing, and its markets are appreciating rapidly. According to the 2020 census, Paterson has experienced a staggering 9% population growth. The increase in population means more federal funding to invest in the city’s public services and infrastructure.
Is Paterson NJ unsafe? The chance of becoming a victim of either violent or property crime in Paterson is 1 in 44. Based on FBI crime data, Paterson is not one of the safest communities in America. Relative to New Jersey, Paterson has a crime rate that is higher than 88% of the state’s cities and towns of all sizes.