Why Live in Elizabeth
Elizabeth's diverse cultural scene comes alive through its authentic Portuguese restaurants like Valença and vibrant shopping at The Mills at Jersey Gardens, New Jersey's largest outlet mall with over 200 stores. Residents enjoy outdoor recreation at Warinanco Park, which features walking trails, sports fields, and seasonal activities including winter ice skating and summer paddle boating. The city's rich history shines through preserved landmarks like Boxwood Hall State Historic Site and Liberty Hall Museum, while the Elizabeth River Trail provides scenic paths for walking, jogging, and cycling.
The housing market includes a range of options across distinct neighborhoods. Single family homes in Downtown Elizabeth have a median price of $497,500, while Elmora commands a median price of $599,500. North End homes show a median price of $525,500, with Bayway and Elizabethport presenting more affordable options at median prices of $452,000 and $447,500 respectively. Condominiums provide entry points into homeownership, with one bedroom units at a median price of $220,000 and two bedroom units at $317,000.
Elizabeth maintains strong transportation connections, with NJ Transit trains from Elizabeth Station serving both New York Penn Station and Newark. The city sits 15 miles southwest of Manhattan, adjacent to Newark Liberty International Airport. Public education includes Elizabeth High School, rated A by Niche, while private options like Bruriah High School for Girls and The Patrick School both earned A minus ratings. The cost of living runs 13.9% above the national average, with a 2.05% property tax rate. A family with school age children needs approximately $120,000 annually to live comfortably, while renters should aim for $73,000 yearly.
Frequently Asked Questions
What is the average home price in Elizabeth, NJ?
Homes for sale in Elizabeth, NJ have an average home price of $499,446.
How many homes have sold over the last 12 months in Elizabeth, NJ?
191 homes have sold in Elizabeth, NJ over the last 12 months.
Is Elizabeth, NJ a safe city?
In general, the safest neighborhood in Elizabeth, NJ with lower crime scores is
Elmora.
What are the most popular zip codes in Elizabeth, NJ?
What are the most popular neighborhoods in Elizabeth, NJ?
How much do you need to make to afford a house in Elizabeth?
The median home price in Elizabeth is $499,000. If you put a 20% down payment of $99,800 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $2,590 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $111K a year to afford the median home price in Elizabeth.
How are the schools in Elizabeth, NJ?
Home Trends in Elizabeth, NJ
On average, homes in Elizabeth, NJ sell after 49 days on the market compared to the national average of 50 days. The median sale price for homes in Elizabeth, NJ over the last 12 months is $495,000, up 13% from the median home sale price over the previous 12 months.
Median Sale Price
$495,000
Median Single Family Sale Price
$545,000
Median Townhouse Sale Price
$420,000
Median 2 Bedroom Sale Price
$317,000
Median 1 Bedroom Sale Price
$220,000
Average Price Per Sq Ft
$323
Number of Homes for Sale
42
Last 12 months Home Sales
191
Median List Price
$499,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
13%
