Housing in Elizabeth, NJ is higher than the US median value at $440,700. The appreciation rate of housing in Elizabeth, NJ is also higher than the US average at 10.00% compared to 8.27%. This indicates that housing prices are going up in Elizabeth, making it an attractive place for potential home buyers looking to invest in real estate. With a steadily increasing appreciation rate and a higher than average median house value, Elizabeth is becoming an increasingly popular destination for those seeking quality housing opportunities.
The median home cost in Elizabeth is $440,700. Home appreciation the last 10 years has been 58.1%. Home Appreciation in Elizabeth is up 13.5%.
Average Age of Homes
- The median age of Elizabeth real estate is 59 years old
The Rental Market in Elizabeth
- Renters make up 64.3% of the Elizabeth population
- 2.5% of houses and apartments in Elizabeth, 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.