Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Elizabeth area can be challenging. Home prices in Elizabeth are now at a median cost of $318,577, lower than the New Jersey average of $388,929.
The average cost of rent is $1,336/mo in Elizabeth, primarily driven by the current value of real estate in the Elizabeth area. While nearly 45.87% of residents own their homes outright in Elizabeth, 74.37% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elizabeth is $4,874 per month. Households that rent pay about 27.42% of their income on rent here. Elizabeth's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Hillside, NJ: equally priced homes
- Roselle, NJ: less expensive homes
- Roselle Park, NJ: equally priced homes
- Linden, NJ: equally priced homes
- Union, NJ: higher priced homes
- Irvington, NJ: less expensive homes
- Kenilworth, NJ: higher priced homes
- Bayonne, NJ: higher priced homes
- Cranford, NJ: higher priced homes
- Maplewood, NJ: higher priced homes
Cities with Similar Populations
- Honolulu, HI: higher priced homes
- Jacksonville, FL: less expensive homes
- Jersey City, NJ: higher priced homes
- Houston, TX: less expensive homes
- Hoover, AL: equally priced homes
- Highland, CA: equally priced homes
- Henderson, NV: higher priced homes
- Hesperia, CA: less expensive homes
- Hagerstown, MD: less expensive homes
- High Point, NC: less expensive homes
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