Median price for residential in as of May, 2022.
Take into account that the price depends on the location and condition of the . The size and amenities might have a large influence on the asking price as well.
371 Elizabeth, NJ, USA apartments for sale
Elizabeth
According to statistics, the population in Elizabeth, NJ amounts to 129,363, which shows growth 1% compared to the previous year. The median age of the city’s residents is 34. The average household income is $45,186, shifting growth 3% from the past year, and the average property value in Elizabeth, NJ growth 2% to $268,700 throughout the year.
| Population | 129,363 |
| Median Age | 33.9 |
| Poverty Rate | 18% |
| Household Income | $45,186 |
| Number Of Employees | 62,351 |
| Median Property Value | $268,700 |
Household Income
The average household income in Elizabeth, NJ grew from $43,831 to $45,186 in the past year. This data is an estimate based upon 40,219 households in Elizabeth, NJ . The chart below presents how household income is distributed in Elizabeth, NJ in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Elizabeth, NJ shifted from $262,300 to $268,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Elizabeth, NJ in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Elizabeth, NJ properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Elizabeth, NJ compared to median property taxes around the country. The prevalent amount of property taxes in Elizabeth, NJ equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Elizabeth, NJ, USA
Average sale in Elizabeth: $557,133 (+15.4%)
| Apartment Size | May | vs Last Month |
|---|---|---|
| Studio for sale | $469,983 | N/A |
| 1 bed for sale | $182,000 | N/A |
| 2 bed for sale | $218,225 | +3.7% |
| 3 bed for sale | $377,492 | -15.3% |
| 4+ bed for sale | $635,563 | +16.9% |
During May 2022, the average price for an apartment in/near Elizabeth, NJ increased by 15.4% to $557,133.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $182,000 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $218,225. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $377,492. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $635,563 for a big-family home.
| Listing Type | May | vs Last Month |
|---|---|---|
| Townhouses for sale | $633,242 | +21.5% |
| Apartments for sale | $465,300 | N/A |
| Lofts for sale | $432,999 | N/A |
| Condos for sale | $218,225 | -25.9% |
| Houses for sale | $546,844 | +8.9% |
| Duplexes for sale | $596,000 | -17.5% |
| Land for sale | $609,666 | N/A |
While assessing the property pricing Elizabeth, NJ, you can note that it remains flat with a price tag of $465,300. According to statistics, average house is still $546,844 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $218,225. An average value of duplex is $596,000, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $432,999. Value of the townhouses didn’t change, the price still starts at $633,242.
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