Zip 07208 (Elizabeth, NJ) Housing

The housing market in 07208 Elizabeth, NJ has been on the rise. Median value of a house in this area is currently at $458,100, which is significantly higher than the US median value of $338,100. In addition to this, the 1 year house appreciation in the 07208 Elizabeth area is 10%, which is higher than the US average of 8.27%. This shows that there are strong housing trends in this area and the value of real estate here will continue to increase over time.

The median home cost in Elizabeth (zip 07208) is $458,100. Home appreciation the last 10 years has been 58.1%. Home Appreciation in Elizabeth (zip 07208) is up 13.5%.

Average Age of Homes

- The median age of Elizabeth (zip 07208) real estate is 62 years old

The Rental Market in Elizabeth (zip 07208)

- Renters make up 62.9% of the Elizabeth (zip 07208) population
- 2.5% of houses and apartments in Elizabeth (zip 07208), 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
	13,023.0	139,647,020.0
	67	42
	$458,100	$338,100
	13.5%	16.6%
	41.8%	57.0%
	58.1%	101.1%
	$30.04	$10.98
	$10,001	$2,690
	25.1%	57.4%
	6.4%	11.2%
	68.5%	31.4%
Vacant Housing
	2.5%	1.9%
	1.2%	0.4%
	0.8%	0.7%
	0.3%	0.4%
	0.0%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	0.4%	2.4%
	0.6%	2.8%
	0.4%	3.9%
	0.0%	4.5%
	2.0%	11.3%
	2.4%	13.0%
	21.7%	20.1%
	44.1%	13.6%
	20.1%	8.3%
	6.8%	9.7%
	0.6%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.2%	13.6%
	4.2%	13.6%
	6.7%	13.6%
	8.2%	13.2%
	7.1%	14.8%
	6.7%	13.6%
	16.9%	10.0%
	13.4%	4.7%
	29.9%	12.2%

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