Median home value: $530K (+4.0% YoY). Rent: $2,263/mo. Price-to-rent: 19.5x. Part of New York-Newark-Jersey City, NY-NJ-PA.
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Basic Zillow data only. For stress scores, AI analysis, and trends, New York-Newark-Jersey City, NY-NJ-PA metro page.
Home Value$530,221
+4.0%
Rent$2,263/mo
AFFORDABILITYRenting $1,488/mo cheaper ($2,263 rent)6.00% 30yr, 20% down, county tax + NJ ins. 28% per HUD.
Enter your income for Elizabeth.
$106,044 on $530,221
Out of reach — 60% of income
Need $160,757/yr to afford.
PITI$3,751
P/I60%
Afford$247K
Gap-$283K
P&I $2,543Tax $1,091Ins $117
Home Buying Kit For Dummies (2025)Financing, negotiation, closing