Elizabeth, NJ has a population of 129,363, while the median age is 34. The household income in Elizabeth, NJ is around $45,186. The homeownership rate among the residents is 25%. The median residential property value in Elizabeth, NJ that you should keep in mind is $268,700.
Population | 129,363 |
Median Age | 33.9 |
Poverty Rate | 18% |
Household Income | $45,186 |
Number Of Employees | 62,351 |
Median Property Value | $268,700 |
Rent Price |
May | vs Last Month |
---|---|---|
Studio apartments | $2,702 | -2.8% |
1-bed apartments | $2,568 | -28.9% |
2-bed apartments | $2,385 | -49.4% |
3-bed apartments | $2,675 | -37.1% |
4+ bed apartments | $5,333 | -43.4% |
Over the May 2023, the average rent for an apartment in/near Elizabeth, NJ decreased by 33.1% to $2,782.
Compared to the last month, the average price for a rental studio in Elizabeth, NJ has decreased by 2.8%. You can expect to rent the studio for $2,702 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 28.9% to $2,568. Pricing for 2-bed apartment also decreased by 49.4% and a place of this size will now cost you $2,385. 3-bed apartment rent pricing starts at $2,675, it decreased by 37.1% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 43.4% and made it down to $5,333.
Rent Type Price |
May | vs Last Month |
---|---|---|
Houses for rent | $2,875 | -21.2% |
Apartments for rent | $2,709 | -42.7% |
The median rent for an apartment in Elizabeth, NJ decreased by 42.7% to $2,709. Statistics show that house rent price decreased by 21.2% this month making it up to $2,875. Condo for rent is now available for the same pricing as previously — $3,161.