The story of this market
The typical home in Elizabeth, New Jersey sells for about $652,500, or $345 per square foot.
Prices are up +6.6% from a year ago, so sellers still have some momentum. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $2,300 a month.
Monthly price momentum
Home values since 2015
+5%
NJ · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Elizabeth, New Jersey
The Elizabeth housing market shows signs of resilience with a median sale price of $652,500 and a tight supply of 1.5 months. While property taxes remain high, the city's strategic location and ongoing transit-oriented developments continue to drive demand. The market is currently characterized by competitive bidding and steady price appreciation.
No ARED county foreclosure postings attributed to Elizabeth yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
Deterministic aggregate of 4 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 49 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0.58% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.2% · poverty 15.7% — a stable, low-distress profile.
- American Dream4.512.5 mi
- Supercharged Entertainment4.812.9 mi
- DreamWorks Water Park4.312.4 mi
- Nickelodeon Universe Theme Park4.512.3 mi
- Color Factory NYC4.411.6 mi
- American Dream4.512.5 mi
- MetLife Stadium4.512.6 mi
- Madison Square Garden4.712.9 mi
- Yankee Stadium4.718.8 mi
- Barclays Center4.512.5 mi
- Times Square4.713.5 mi
- Rockefeller Center4.713.9 mi
- Brooklyn Bridge4.811.6 mi
- The Metropolitan Museum of Art4.815.3 mi
- Central Park4.815.3 mi
- Statue of Liberty4.78.9 mi
- Liberty Science Center4.58.8 mi
- Snug Harbor Cultural Center & Botanical Garden4.55.9 mi
- The Newark Museum of Art4.65.9 mi
- Ellis Island National Museum of Immigration4.79.4 mi
- Central Park4.815.3 mi
- 9/11 Memorial & Museum4.810.9 mi
- Bryant Park4.713.5 mi
- The High Line4.712.3 mi
- The Battery4.610.6 mi
- Liberty Landing Marina4.69.5 mi
- Manhattan Yacht Club4.69.5 mi
- Elizabeth Marina4.61.7 mi
- The Honorable William Wall4.99.5 mi
- Mansion Marina4.59 mi
- Topgolf Edison4.312.9 mi
- Galloping Hill Golf Course4.43.7 mi
- Dyker Beach Golf Course4.110.5 mi
- Puttery4.712 mi
- Five Iron Golf4.913 mi
- American Dream4.512.5 mi
- Chelsea Market4.612.1 mi
- Macy's4.413.1 mi
- The Mills at Jersey Gardens4.52.1 mi
- Hudson Yards4.712.7 mi
- Newark Liberty International Airport3.72.5 mi
- LaGuardia Airport4.119.3 mi
- Teterboro Airport4.415.6 mi
- North Shore University Hospital Heliport4.627.8 mi
- Chico Express3.911.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A large, historic park offering walking trails, sports facilities, and a skating rink, serving as a major green space for the city.
A major outlet shopping destination that serves as a significant economic anchor and regional attraction.
A historic site and museum that provides cultural and educational value, preserving the area's colonial and post-colonial history.
A central community resource providing educational services and public access to information for residents.
A community park dedicated to veterans, offering recreational space and local gathering areas.
Elizabeth is well-suited for commuters seeking proximity to New York City and Newark, as well as families looking for urban amenities and access to major transit hubs. Investors are also drawn to the city's strong rental demand and ongoing redevelopment projects in key commercial corridors.
The public school system in Elizabeth is managed by Elizabeth Public Schools, which serves a large and diverse student population. School quality varies across the district, with ongoing efforts to improve academic outcomes and infrastructure to support a high density of students.
The city is a major transit hub, served by NJ Transit rail lines, extensive bus networks, and proximity to the New Jersey Turnpike and I-95. These corridors provide critical access for commuters traveling to Newark and New York City.
Elizabeth offers a variety of recreational amenities, including the expansive Warinanco Park, which provides trails, sports fields, and seasonal activities. The city also features several community parks and proximity to waterfront areas, enhancing the quality of life for residents.
The rental market in Elizabeth is characterized by high demand and low vacancy rates, driven by its proximity to New York City and major employment hubs. Rent trajectories have remained stable to slightly upward, with a mix of traditional long-term rentals and a growing presence of investor-owned multi-family properties.
Elizabeth's economy is anchored by logistics, transportation, and retail, benefiting from its proximity to Newark Liberty International Airport and the Port of New York and New Jersey. The city maintains a strong industrial base with significant employment in warehousing and distribution.
Elizabeth benefits from its strategic location near Newark Liberty International Airport and major highway corridors, driving consistent demand for logistics and industrial space. Recent development momentum is focused on transit-oriented residential projects and the revitalization of commercial districts like the Jersey Gardens area.
Development planning is heavily focused on transit-oriented residential projects and the modernization of industrial infrastructure to support the city's logistics-heavy economy.
Parcels in Elizabeth are subject to municipal and school district taxes, with potential special assessments for local improvement districts or utility services.
Elizabeth experiences crime rates that are generally higher than the national average, with property and violent crime trends often reflecting its status as a dense, urban industrial hub. Regional comparisons indicate that while it remains a major transit and commercial center, safety remains a primary focus for local law enforcement and community development initiatives.
Elizabeth is situated in a low-lying coastal area, making flood risk a significant consideration for property owners and insurers. The city's proximity to the Newark Bay and Elizabeth River necessitates adherence to strict flood zone regulations and often requires specialized flood insurance coverage.
Property insurance in Elizabeth is influenced by the city's coastal location and flood risk, leading to higher premiums for properties in designated flood zones.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (New Jersey) — Farmland Assessment: Property is assessed based on its productive capability for agricultural use rather than its full market value, resulting in a lower tax burden. State (New Jersey) — Ad Valorem Property Tax: Tax is calculated as (Assessed Value * Tax Rate). Assessed value is determined by the municipal assessor at 100% of true market value. The tax rate is set by local taxing districts to cover municipal, county, and school budgets.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from U.S. Census Bureau QuickFacts and ACS 5-year estimates.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.