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Peters

Peters

Neighborhood in Elizabeth, New Jersey

Union County 07201, 07202, 07206

$519,492 Average Value
1 Home For Sale

Peterstown has a multicultural heritage

Peterstown is a suburb of Elizabeth that boomed in the 1920s as an Italian American neighborhood, but in recent decades there’s been an influx of Cubans, Portuguese, Brazilians, Puerto Ricans and other Latin Americans. It’s a popular place for a reason: a walkable grid is dotted with small locally owned eateries, while the Elizabeth River snakes along the west end and Interstate 95 hugs the east end. Houses of worship also speaks to the area’s cultural threads, whether that’s Iglesia Bautista Hispano Baptist Church or Saint Anthony of Padua Roman Catholic Church. “You can find a property here for $450,000,” says Rosmena DeSa, a realtor with RE/MAX New Millennium. “The area is attracting more buyers than the inventory can keep up with.”

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.
An example of a new multifamily house in Peterstown, NJ.
An example of a new multifamily house in Peterstown, NJ.
This two car garage two story house style is common in Peterstown, NJ.
This two car garage two story house style is common in Peterstown, NJ.
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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.
Mattano Park in Peterstown provides lots of options for the community to play.
Mattano Park in Peterstown provides lots of options for the community to play.
Mattano Park in Peterstown is always ready to offer a spectacular vista.
Mattano Park in Peterstown is always ready to offer a spectacular vista.
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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.
No. 28 Duarte-Marti School is a cornerstone of education in the Elizabeth community.
No. 28 Duarte-Marti School is a cornerstone of education in the Elizabeth community.
Elizabeth HS is a highly rated magnet school located in the Crane Square section of Elizabeth.
Elizabeth HS is a highly rated magnet school located in the Crane Square section of Elizabeth.
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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.
Residents of Peterstown, NJ can be in New York City in 40 minutes via NJ Transit.
Residents of Peterstown, NJ can be in New York City in 40 minutes via NJ Transit.

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.
John’s Caffé Pizza & Caterers has been serving slices since 1968.
John’s Caffé Pizza & Caterers has been serving slices since 1968.
DiCosmo's Italian Ice has been serving cool treats from its modest store front since 1915.
DiCosmo's Italian Ice has been serving cool treats from its modest store front since 1915.
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Paul Spencer
Written By
Paul Spencer
Pushparaj Aitwal
Photography Contributed By
Pushparaj Aitwal
Tyler Newbold
Video By
Tyler Newbold

Agents Specializing in this Area

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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

Interested in learning more about homes in this area? Reach out to Michele Klug, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Newark Liberty International

13 min drive

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

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

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Michele Klug, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

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.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Peters