Paterson, WA

Paterson is a city located in King County, Washington. The population was estimated to be just over 30,000 people in 2016. Paterson is located in the eastern part of the state and is bordered by Bellevue to the north, Kent to the east, Renton to the south, and Seattle to the west.

Real estate in Paterson has seen a significant increase in prices over recent years. In 2015, median home prices were $269,000 according to Zillow. This increased by almost 20% from 2014 when median home prices were $244,500. In 2016 median home prices reached an all-time high of $291,500 according to Zillow. Prices have continued to rise since then and as of September 2017 median home prices were estimated at $309,900.

One reason for this increase in real estate prices is that Paterson has seen an influx of new residents due to its proximity to major cities such as Seattle and Bellevue. Additionally, many people are moving into Paterson due to its low cost of living and excellent schools system. The city also has a strong economy with many businesses based there including Amazon and Microsoft which have contributed to increased demand for housing stock.