The median home in Elizabeth, New Jersey is valued at $530,221, up 4.0% year over year. Typical monthly rent is $2,263, producing a price-to-rent ratio of 19.5x — near the national average of 18x. Elizabeth is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.
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Home Value$530,221
+4.0%
Rent$2,263/mo
AFFORDABILITYRenting $1,626/mo cheaper ($2,263 rent)6.50% 30yr, 20% down, county tax + NJ ins. 28% per HUD.
Enter your income for Elizabeth.
$106,044 on $530,221
Out of reach — 62.2% of income
Need $166,671/yr to afford.
PITI$3,889
P/I62.2%
Afford$239K
Gap-$292K
P&I $2,681Tax $1,091Ins $117
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in New Jersey
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Full New York-Newark-Jersey City, NY-NJ-PA analysis
Stress scores, crash risk, early warning signals, and 12-month price forecasts for the New York-Newark-Jersey City, NY-NJ-PA metro.
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