The story of this market
The typical home in ZIP 07027 sells for about $629,500, or $334 per square foot.
Prices are up +9.9% from a year ago, so sellers still have some momentum. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $1,753 a month.
ZIP 07027 — Garwood
The Elizabeth housing market is currently competitive, driven by strong investor interest in multi-family properties and steady rental demand. While median home prices have seen significant year-over-year appreciation, the market remains accessible for commuters and investors alike. Faster turnover times compared to the previous year indicate a tightening inventory environment.
The market is well-suited for commuters seeking transit access to NYC and investors targeting the city's strong multi-family rental demand.
Median prices moved up 9.9% year over year.
Homes spend a median of 49 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.1% · poverty 9.9% — a stable, low-distress profile.
ZCTA 07027, Union County NJ
The city is served by the Elizabeth Public School District, which manages a large network of elementary, middle, and high schools.
Elizabeth serves as a major logistics and transportation hub due to its proximity to Newark Liberty International Airport and the Port of New York and New Jersey.
Elizabeth offers a direct transit connection to New York City, with a commute time of approximately 32 minutes to Penn Station.
The area features local parks and urban amenities, with proximity to major regional shopping and entertainment districts in Union County.
The rental market is characterized by strong investor demand, with one-bedroom rents averaging $1,891 per month, reflecting a 23% increase year-over-year.
The local economy is anchored by logistics, transportation, and port-related industries, benefiting from its strategic location in the New York metropolitan area.
The city is highly accessible via major highway corridors and NJ Transit rail services connecting to Manhattan.
Data derived from local market reports and census-based neighborhood guides.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- American Dream4.517.3 mi
- Supercharged Entertainment4.89.4 mi
- DreamWorks Water Park4.317.2 mi
- Nickelodeon Universe Theme Park4.517.1 mi
- Color Factory NYC4.417.6 mi
- American Dream4.517.3 mi
- MetLife Stadium4.517.3 mi
- Madison Square Garden4.718.7 mi
- Barclays Center4.518.5 mi
- Javits Center4.618.5 mi
- Essex County Turtle Back Zoo4.68.3 mi
- Branch Brook Park4.611.3 mi
- The Funplex4.311.2 mi
- AMC New Brunswick 183.812.2 mi
- AMC Jersey Gardens 204.18.3 mi
- Rockefeller Center4.719.6 mi
- Empire State Building4.719 mi
- The Museum of Modern Art4.619.8 mi
- 9/11 Memorial & Museum4.816.9 mi
- SUMMIT One Vanderbilt4.719.5 mi
- Branch Brook Park4.611.3 mi
- Rahway Train Station Plaza4.34.1 mi
- Snug Harbor Cultural Center & Botanical Garden4.511.7 mi
- Eagle Rock Reservation4.812 mi
- Warinanco Park4.64.5 mi
- Elizabeth Marina4.67.3 mi
- Topgolf Edison4.39.4 mi
- Galloping Hill Golf Course4.43.4 mi
- Baltusrol Golf Club4.73.6 mi
- Rock Spring Golf Club4.28.7 mi
- The Club at Woodbridge3.97.6 mi
- The Mills at Jersey Gardens4.58.1 mi
- Menlo Park Mall4.47.3 mi
- The Mall at Short Hills4.56.4 mi
- Staten Island Mall4.49.7 mi
- Jersey Gardens4.78.2 mi
- Newark Liberty International Airport3.78.2 mi
- LaGuardia Airport4.125.2 mi
- Teterboro Airport4.419.9 mi
- Chico Express3.916.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major international airport serving the region.
One of the busiest port facilities in the United States.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.