Similar to its nearby areas, it's somewhat more expensive compared to the country as a whole. Compared to the city of New York however, it's a lot less expensive.
Home prices
The median home price in Elizabeth is $282,700. This is about $8,740 (3%) higher compared to its surrounding areas.Compared to the rest of the country it is roughly $65,200 (29%) higher, and is about $323,300 (53%) lower compared to the city of New York.
Rents
Elizabeth's median monthly rent is $1,163. It is approximately $59 (4%) lower in comparison to other places in this area.It is roughly $101 (9%) higher compared to the US as a whole, and it is approximately $280 (19%) lower compared to the city of New York.
Nearby places
Roselle
Roselle is Elizabeth's neighbor to the west. Its housing prices are a bit less expensive. The cost of the median home in Roselle is $225,100, which is $57,600 (25%) lower than Elizabeth. Its rents are similar. In Roselle the median rent is $1,183 a month, which comes out to $20 (1%) higher than Elizabeth.
Roselle Park
Roselle Park is Elizabeth's neighbor to the west. Housing prices there are fairly similar. The median home value in Roselle Park is $284,000, which is very similar to Elizabeth. The rent there is somewhat more expensive. The median rent in Roselle Park is $1,275 per month, which comes out to $112 (8%) higher than Elizabeth.
Linden
Linden is Elizabeth's neighbor to the southwest. Its real estate prices are fairly similar. The cost of the median home in Linden is $281,800, which is very similar to Elizabeth. The rent there is somewhat more expensive. Linden's median monthly rent is $1,313, which is $150 (11%) higher than Elizabeth.
Bayonne
Bayonne is Elizabeth's neighbor to the east. Housing prices there are a little more expensive. Bayonne's median home price is $333,700, which works out to $51,000 (15%) higher than Elizabeth. Rent there is somewhat more expensive. In Bayonne the median monthly rent is $1,255, which is $92 (7%) higher than Elizabeth.
Newark
Newark is Elizabeth's neighbor to the north. Its housing prices are a bit less expensive. The median home in Newark is valued at $245,200, which is $37,500 (15%) lower than Elizabeth. Rent there is a bit less expensive. In Newark the median rent is $1,085 per month, which is $78 (7%) lower than Elizabeth.
