Zip 07206 (Elizabeth, NJ) Housing

The housing market in 07206 Elizabeth, NJ is exceptionally strong. The median value of a house in the area is $412,700, which is higher than the national median value of $338,100. Additionally, the one-year appreciation rate for houses in the area is 10%, compared to 8.27% nationwide. This shows that housing in this area has increased significantly in value over the past year and continues to be a desirable place to live.

The median home cost in Elizabeth (zip 07206) is $412,700. Home appreciation the last 10 years has been 58.1%. Home Appreciation in Elizabeth (zip 07206) is up 13.5%.

Average Age of Homes

- The median age of Elizabeth (zip 07206) real estate is 56 years old

The Rental Market in Elizabeth (zip 07206)

- Renters make up 63.6% of the Elizabeth (zip 07206) population
- 2.0% of houses and apartments in Elizabeth (zip 07206), 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
	9,258.0	139,647,020.0
	60	42
	$412,700	$338,100
	13.5%	16.6%
	41.8%	57.0%
	58.1%	101.1%
	$32.32	$10.98
	$8,693	$2,690
	25.1%	57.4%
	8.1%	11.2%
	66.8%	31.4%
Vacant Housing
	2.0%	1.9%
	0.2%	0.4%
	0.6%	0.7%
	0.4%	0.4%
	0.0%	3.6%
	4.9%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	0.3%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	1.9%	4.5%
	1.5%	11.3%
	15.0%	13.0%
	42.1%	20.1%
	22.6%	13.6%
	8.3%	8.3%
	4.5%	9.7%
	1.6%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	18.0%	13.6%
	18.0%	13.6%
	6.7%	13.6%
	5.3%	13.2%
	8.3%	14.8%
	6.7%	13.6%
	10.8%	10.0%
	15.4%	4.7%
	22.7%	12.2%

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