Peters
Neighborhood in Elizabeth, New Jersey
Union County 07201, 07202, 07206
$519,492
Average Value
1
Home For Sale
Multi-family homes that can reach $800,000
Peterstown does feature some turn-of-the-century homes that are sold as single-owner properties, priced between $300,000 and $500,000. For example, a renovated four-bedroom home will go for nearly $450,000 – one of those appealing properties to newcomers that DeSa speaks of. But mostly this neighborhood is made up of multi-family dwellings. Pricing is largely dependent on number of bedrooms. A five-bedroom property with colonial stylings will sell for $650,000. But a brick seven-bedroom property will sell at $800,000. This is an urban neighborhood, so while some properties may have a small yard, it’s more common for them to be fronted by a sidewalk. Peterstown scores a 5 out of 10 on the CAP crime index.
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Athletic fun at Mattano Park
For hiking and biking along the water, residents take to the Elizabeth River Parkway, which tracks the western side of Peterstown. But the standout green space is Mattano Park, which contains facilities for ballplayers and skaters alike. There’s also a playground. Peterstown Community Center offers a community garden, dances and other events like cooking demos.
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Elizabeth High receives an A-minus rating
Sonia Sotomayor School #25 is a K-8 school that receives a C-minus rating from Niche. Elizabeth High receives an A-minus rating and features a robotics club that supports students in their exploration of computer programming and electronics.
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The Peterstown Cultural Festival celebrates with food and music
Late July brings the three-day Peterstown Cultural Festival – one of the biggest events of the year. It celebrates the neighborhood’s Italian American roots with crowd pleasers like brick oven pizza, but the street fair also includes music, rides, games and summer snacks like watermelon. More events are hosted by the town of Elizabeth, like Portugal Day and parades for Cuban, Peruvian and Puerto Rican cultures.
Walkability is a key amenity in Peterstown
Walkability is a key amenity in Peterstown. In less than 15 minutes, residents can easily walk from the west end parks over to the shops and restaurants along Elizabeth Avenue, which is also trafficked by buses. New Jersey Transit commuter trains are available at the Elizabeth train station, about a mile northwest of the neighborhood. This takes residents to New York City within 40 minutes, while the trip to Newark is 15 minutes. “You can even take the train to the beach in Belmar,” D’Urso says. Interstate 95 curves along the south side of the neighborhood, and Interstate 278 is another mile south. There are also plans to bring mixed use developments to the Elizabeth harbor, D’Urso says, which will boost transportation amenities. “The idea is to bring city life into Elizabeth for people who may not be able to afford New York City. The town also announced that a 25-minute ferry to Manhattan is in the works. When that happens, the housing demand may triple.”Eateries along 2nd Avenue
The neighborhood’s walkability helps residents get to markets specializing in Latin products, including Global Supermarket, La Copa Supermarket and Citi Grocer, the largest of the three. “Many markets use flags on the shelves to identify food from a particular country,” says Cintia D’Urso, broker-owner of Vox Realty, who’s lived in Peterstown and has been selling real estate in the area since 2006. “If you’re from Argentina, you can find the maté quickly,” she says. Restaurants are scattered throughout, but 2nd Avenue and 3rd Avenue are reliable strips when searching for food. John’s Caffé Pizza & Caterers, for example, has been a standby in Peterstown since 1968. Minhoto Restaurant is a white tablecloth experience with traditional Portuguese and Brazilian dishes. Del Porto offers outdoor seating and decorative palm trees close to the harbor facing Newark Bay. “The pasta at this Italian restaurant is amazing,” D’Urso says.
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Written By
Paul Spencer
Photography Contributed By
Pushparaj Aitwal
Video By
Tyler Newbold
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Agents Specializing in this Area
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Michele Klug
Michele Klug
KELLER WILLIAMS TOWNE SQUARE
(908) 883-3374
773 Total Sales
1 in Peters
$775,000 Price
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Albertina Goncalves
Albertina Goncalves
Responds QuicklyRE/MAX IN ACTION
(908) 965-8901
38 Total Sales
4 in Peters
$350K - $480K Price Range
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Kurt Wubbenhorst
Kurt Wubbenhorst
Responds QuicklyBlue Flags Realty LLC
(862) 465-8595
254 Total Sales
1 in Peters
$560,000 Price
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SYDNEY WHITE
SW
SYDNEY WHITE
Responds QuicklyIDENTITY PROPERTIES
(866) 823-4679
11 Total Sales
1 in Peters
$475,000 Price
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CHRISTIAN TORRES
CT
CHRISTIAN TORRES
Responds QuicklyBETTER HOMES &GARDENS RE ELITE
(908) 257-8584
58 Total Sales
2 in Peters
$420K - $950K Price Range
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CHRISTINE CEDERQUIST
CC
CHRISTINE CEDERQUIST
Responds QuicklySIGNATURE REALTY NJ
(908) 641-3683
8 Total Sales
1 in Peters
$450,000 Price
Schools
Source:
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
- 9th to 12th
- Public
- K to 8th
- Public
- K to 8th
- Public
Interested in learning more about homes in this area? Reach out to , an experienced agent in this neighborhood.
Parks in this Area
Mattano Park
- Baseball/Softball
- Basketball
- Football
Jackson Park
O'Brien Park
- Picnic Area
- Soccer
- Playground
Grier Park
- Playground
Miller Playfield
- Basketball
- Picnic Area
- Playground
Sixth Street Playground
- Picnic Area
- Playground
Transit
Crime and Safety
| 1 - Low Crime, 10 - High Crime | Peters | US |
|---|---|---|
| Homicide | 6 | 4 |
| Sexual Assault | 4 | 4 |
| Assault with Weapon | 5 | 4 |
| Robbery | 7 | 4 |
| Burglary | 4 | 4 |
| Motor Vehicle Theft | 6 | 4 |
| Larceny | 4 | 4 |
| Crime Score | 5 | 4 |
Source: WhatIsMyCrimeRisk.com
Peters Demographics and Home Trends
On average, homes in Peters, Elizabeth sell after 30 days on the market compared to the national average of 49 days. The median sale price for homes in Peters, Elizabeth over the last 12 months is $437,500, down 4% from the median home sale price over the previous 12 months.
Housing Trends
Median List Price
$440,000
Median Sale Price
$437,500
Median Single Family Sale Price
$445,000
Median Townhouse Sale Price
$420,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
12
Median Home Sale Price YoY Change
-4%
Neighborhood Facts
Number of Homes in Neighborhood
140
Number of Homes for Sale
1
Median Year Built
1930
Months of Supply
1.00
Median Lot Size Sq Ft
4,791
Distribution of Home Values
Homes for Sale
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$949,900
- 6 Beds
- 5 Baths
- 217 Atlantic St
- New 23 hours ago
Welcome to this stunning, fully completed two-family home offering the ideal combination of style, space, and convenience. Featuring 6 bedrooms, 5 full bathrooms, and a finished ground-level recreation room, this property is perfect for extended living or rental income potential. Enjoy a bright, open-concept layout with central air and forced hot air heating for year-round comfort. Elegant
MARCIA SOARES KELLER WILLIAMS MID-TOWN DIRECT
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$749,999
- 6 Beds
- 4 Baths
- 316-318 John St
- New 23 days ago
Incredible investment opportunity! This fully occupied 4-unit multifamily offers strong rental potential in a prime Elizabeth location. Perfect for generating consistent cash flow. Ideal for investors seeking stable income or homeowners looking to live in one unit while renting out the others. Close to public transportation, major highways, shopping, and schools. Don't miss out on this
Peter Boutros EXP REALTY, LLC
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$490,000
- 2 Beds
- 1 Bath
- 653 4th Ave
- New 24 days ago
Fantastic Investment opportunity, whether you choose to liv in one unit and rent the other, or rent both for maximum income potential. Both units feature a spacious eat-in-Kitchen, a comfortable living room, bedrooms and great backyard for BBQs.
Flor Yamila Izquierdo EXP REALTY, LLC
Homes for Rent
Interested in learning more about homes in this area? Reach out to , an experienced agent in this neighborhood.
Average Home Value
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
8,670
Median Age
36
Population Density
30 ppl/acre
Population under 18
27.9%
On par with the national average
23.8%
Population over 65
12%
Below the national average
19.1%
Finances
Median Household Income
$58,114
Below the national average
$71,702
Average Household Income
$68,852
Education and Workforce
High School Graduates
76.8%
Below the national average
89.1%
College Graduates
5.4%
Significantly below the national average
34.1%
Advanced Degrees
1.6%
% Population in Labor Force
64.7%
Weather
Annual Precipitation
46''
Average Winter Low Temperature
26°F
Average Summer High Temperature
86°F
Annual Snowfall
16''
Area Factors
Bikeable
Bike Score®
59
/ 100
Very Walkable
Walk Score®
79
/ 100
Some Transit
Transit Score®
41
/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Nearby Neighborhoods
Elizabethport
A growing commuter suburb that looks onto Newark Bay
Bayway
Multi-family homes and a diverse dining scene in a suburban setting
Downtown Elizabeth
The historic ambiance of New Jersey’s first capital, just outside of NYC
North End
NYC access with suburban charm and room to stretch out
Elmora
A quiet NJ neighborhood with house-lined streets just blocks from Elizabeth
Westminster
A university and riverside park give character to a suburb 20 miles south of NYC
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