Zip 07202 (Elizabeth, NJ) Housing

The housing market in 07202 Elizabeth, NJ is a great place to invest. The median value of housing in this area is $384,600, which is higher than the US median value of $338,100. Over the course of 1 year, the appreciation rate of houses in this area is 10%, which is higher than the national average of 8.27%. This makes investing in real estate here a smart decision and potentially profitable opportunity.

The median home cost in Elizabeth (zip 07202) is $384,600. Home appreciation the last 10 years has been 58.1%. Home Appreciation in Elizabeth (zip 07202) is up 13.5%.

Average Age of Homes

- The median age of Elizabeth (zip 07202) real estate is 59 years old

The Rental Market in Elizabeth (zip 07202)

- Renters make up 68.7% of the Elizabeth (zip 07202) population
- 2.3% of houses and apartments in Elizabeth (zip 07202), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Elizabeth, New Jersey	United States
	15,073.0	139,647,020.0
	63	42
	$384,600	$338,100
	13.5%	16.6%
	41.8%	57.0%
	58.1%	101.1%
	$30.46	$10.98
	$9,456	$2,690
	22.7%	57.4%
	5.4%	11.2%
	71.9%	31.4%
Vacant Housing
	2.3%	1.9%
	0.3%	0.4%
	0.4%	0.7%
	0.0%	0.4%
	0.2%	3.6%
	2.1%	4.1%
Value of Owner-Occupied Housing
	4.2%	2.6%
	1.6%	2.4%
	0.4%	2.8%
	0.0%	3.9%
	0.7%	4.5%
	2.0%	11.3%
	13.6%	13.0%
	23.7%	20.1%
	35.8%	13.6%
	12.0%	8.3%
	4.7%	9.7%
	0.8%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	4.2%	13.6%
	4.2%	13.6%
	3.5%	13.6%
	5.9%	13.2%
	17.6%	14.8%
	3.5%	13.6%
	17.6%	10.0%
	14.0%	4.7%
	22.1%	12.2%

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