The story of this market
The typical home in ZIP 07201 sells for about $672,500, or $334 per square foot.
Prices are down 2.27% from a year ago, which gives buyers more room to negotiate. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $1,530 a month.
ZIP 07201 — Elizabeth
The 07201 housing market is currently balanced, with a median sale price of $672,500 and homes selling near the asking price. While year-over-year price growth has cooled slightly, the market remains competitive due to strong demand for multi-family properties and proximity to NYC transit. Inventory levels remain tight, supporting stable values despite broader economic pressures.
This ZIP is well-suited for commuters seeking transit access to NYC and investors targeting the high-demand multi-family rental market.
Median prices moved down 2.3% year over year.
Homes spend a median of 34 days on market with 1.7 months of supply — a fast-moving market.
11% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.9% · poverty 20.4% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 07201, Union County NJ
The area is served by the Elizabeth Public School District, which manages a large portfolio of elementary, middle, and high schools.
The area faces standard urban flood and wind risks typical of the New Jersey coastal plain; insurance premiums are subject to regional hazard exposure.
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.
Property taxes in Elizabeth are levied by the city and Union County, with rates determined by local municipal budgets and school district requirements.
Residents benefit from proximity to major transit corridors, including NJ Transit rail service to New York Penn Station, typically a 30-35 minute commute.
The area features local urban parks and is within short driving distance of major shopping districts and regional entertainment venues.
The rental market is characterized by high demand for multi-family housing, though recent trends show a slight softening in rental price growth.
The economy is anchored by logistics, transportation, and proximity to major regional employment centers like Newark and New York City.
The area is highly accessible via the NJ Transit rail network and major highway arteries including the New Jersey Turnpike.
Ongoing urban redevelopment projects focus on transit-oriented housing and infrastructure improvements near the downtown core.
The Union County Board of Taxation oversees the assessment process, with valuations updated periodically to reflect market conditions.
Parcels are subject to municipal, county, and school district tax levies, with no major MUD/PID districts reported.
Property insurance costs are influenced by regional coastal hazard profiles and urban density factors.
New Jersey is a judicial foreclosure state, requiring court intervention for the foreclosure process.
New Jersey law requires sellers to provide a comprehensive property condition disclosure statement to buyers.
Data retrieved from US Census Bureau and local market reports.
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 Dream4.512.1 mi
- Supercharged Entertainment4.813.4 mi
- DreamWorks Water Park4.312 mi
- Nickelodeon Universe Theme Park4.511.9 mi
- Color Factory NYC4.411.2 mi
- American Dream4.512.1 mi
- MetLife Stadium4.512.2 mi
- Madison Square Garden4.712.5 mi
- Yankee Stadium4.718.4 mi
- Barclays Center4.512 mi
- Brooklyn Bridge4.811.2 mi
- Empire State Building4.712.8 mi
- American Dream4.512.1 mi
- MetLife Stadium4.512.2 mi
- Madison Square Garden4.712.5 mi
- The Metropolitan Museum of Art4.814.8 mi
- Rockefeller Center4.713.4 mi
- Empire State Building4.712.8 mi
- The Museum of Modern Art4.613.5 mi
- American Museum of Natural History4.614.4 mi
- 9/11 Memorial & Museum4.810.5 mi
- The High Line4.711.8 mi
- The Battery4.610.2 mi
- Washington Square Park4.611.7 mi
- Little Island4.711.4 mi
- Elizabeth Marina4.61.6 mi
- Galloping Hill Golf Course4.44 mi
- Dyker Beach Golf Course4.110.2 mi
- Puttery4.711.5 mi
- Five Iron Golf4.912.6 mi
- Baltusrol Golf Club4.77 mi
- American Dream4.512.1 mi
- Chelsea Market4.611.6 mi
- Macy's4.412.7 mi
- The Mills at Jersey Gardens4.51.8 mi
- Hudson Yards4.712.2 mi
- Newark Liberty International Airport3.72.1 mi
- LaGuardia Airport4.118.9 mi
- Teterboro Airport4.415.2 mi
- North Shore University Hospital Heliport4.627.4 mi
- Chico Express3.910.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Central community resource.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.