Elizabeth, NJ
Full City Profile · New Jersey · Union County County
2.4
/5.0
C
Fair
135,887
Population
11,030/sq mi density
$63,874
Median Income
$28,490 per capita
$393,500
Home Value
$548,920 Zillow
$1,463
Median Rent
32.1% income on rent
56°F
Avg Temperature
412
Violent Crime/100K
2,661 property/100K
C
Overall
2.4 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.2 / 5.0
$63,874 median income, 6.9% unemployment
B
Affordability
3.2 / 5.0
$393,500 home value, $1,463/mo rent
F
Safety
1.0 / 5.0
412 violent crimes/100K (8% above avg)
C
Education
2.1 / 5.0
14.2% bachelor's degree or higher
Housing Overview
Median Home Value
$393,500
40% above
US avg: $281,900
Median Rent
$1,463/mo
26% above
US avg: $1,163/mo
Homeownership Rate
25.4%
61% below US avg (65.4%)
Total Housing Units
48,731
Median year built: 1956
Home Value by Source
Census Median
$393,500
Zillow (ZHVI)
$548,920
Redfin Median Sale
$665,000
Median Sale Price
$665,000
Median List Price
$699,499
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
25.4%
Owner-Occupied
74.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent:
$1,463/mo
· Zillow rent:
$2,293/mo
Market Indicators (Redfin)
Median Sale Price
$665,000
Median Days on Market
55 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
26
Price Drops
10.1%
of listings with price reduction
Price Per Sq Ft
$311
Active Inventory
129
homes for sale
Affordability & Housing Stock
Rent Burden
32.1%
of renters spending 30%+ of income on housing
4% above US avg (31.0%)
Median Year Built
1956
Average age of housing stock: 70 years
Homeownership Rate
25.4%
Complete Housing Data
Home Values
| Census Median Value | $393,500 |
| Zillow Home Value (ZHVI) | $548,920 |
| Redfin Median Sale | $665,000 |
| Median Sale Price | $665,000 |
| Median List Price | $699,499 |
| Price Per Sq Ft | $311 |
Rent
| Census Median Rent | $1,463 |
| Zillow Rent (ZORI) | $2,293 |
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
| Days on Market | 55 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 10.1% |
| Homes Sold | 26 |
| Active Inventory | 129 |
| Price Per Sq Ft | $311 |
Ownership & Stock
| Owner-Occupied | 25.4% |
| Renter-Occupied | 74.6% |
| Homeownership Rate | 25.4% |
| Total Housing Units | 48,731 |
| Median Year Built | 1956 |
| Rent Burden | 32.1% |