Why Live in Elizabeth
Elizabeth's diverse cultural scene comes alive through its authentic Portuguese restaurants like Valença and vibrant shopping at The Mills at Jersey Gardens, New Jersey's largest outlet mall with over 200 stores. Residents enjoy outdoor recreation at Warinanco Park, which features walking trails, sports fields, and seasonal activities including winter ice skating and summer paddle boating. The city's rich history shines through preserved landmarks like Boxwood Hall State Historic Site and Liberty Hall Museum, while the Elizabeth River Trail provides scenic paths for walking, jogging, and cycling.
The housing market includes a range of options across distinct neighborhoods. Single family homes in Downtown Elizabeth have a median price of $497,500, while Elmora commands a median price of $599,500. North End homes show a median price of $525,500, with Bayway and Elizabethport presenting more affordable options at median prices of $452,000 and $447,500 respectively. Condominiums provide entry points into homeownership, with one bedroom units at a median price of $220,000 and two bedroom units at $317,000.
Elizabeth maintains strong transportation connections, with NJ Transit trains from Elizabeth Station serving both New York Penn Station and Newark. The city sits 15 miles southwest of Manhattan, adjacent to Newark Liberty International Airport. Public education includes Elizabeth High School, rated A by Niche, while private options like Bruriah High School for Girls and The Patrick School both earned A minus ratings. The cost of living runs 13.9% above the national average, with a 2.05% property tax rate. A family with school age children needs approximately $120,000 annually to live comfortably, while renters should aim for $73,000 yearly.
Home Trends in Elizabeth, NJ
On average, homes in Elizabeth, NJ sell after 40 days on the market compared to the national average of 70 days. The median sale price for homes in Elizabeth, NJ over the last 12 months is $360,000, up 22% from the median home sale price over the previous 12 months.
Median Sale Price
$360,000
Median Single Family Sale Price
$630,000
Median Townhouse Sale Price
$600,000
Median 2 Bedroom Sale Price
$315,000
Average Price Per Sq Ft
$349
Number of Homes for Sale
4
Last 12 months Home Sales
70
Median List Price
$360,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
22%
