The story of this market
The typical home in ZIP 07208 sells for about $660,000, or $334 per square foot.
Prices are down 2.27% from a year ago, which gives buyers more room to negotiate. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $1,400 a month.
ZIP 07208 — Elizabeth
The Elizabeth housing market remains competitive, driven by strong demand for multi-family properties and proximity to NYC transit. While median prices have seen slight year-over-year fluctuations, the market maintains steady turnover and high rental demand. Investors continue to play a significant role in the local real estate landscape.
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 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 9.4% · poverty 14.4% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 07208, Union County NJ
The area is served by Elizabeth Public Schools, which maintains a diverse student body and various specialized academies.
The region faces standard urban flood risks and is subject to regional climate-resilience planning for the New Jersey coastal plain.
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 assessed by the Union County tax board and are among the highest in the nation, reflecting the city's reliance on local property levies for municipal and school funding.
Residents benefit from direct NJ Transit rail access to New York Penn Station, with typical commute times around 30-35 minutes.
The area features proximity to Warinanco Park and various local community centers, with easy access to regional shopping districts.
The rental market is characterized by high demand for multi-family housing, with significant investor activity and a mix of long-term and transient tenants.
The local economy is anchored by logistics, transportation, and healthcare, benefiting from its strategic location near major transit corridors and the Port of New York and New Jersey.
The area is highly accessible via the NJ Transit Northeast Corridor line and major highways including the New Jersey Turnpike.
Ongoing urban redevelopment projects focus on transit-oriented housing and the revitalization of the Midtown Elizabeth district.
Parcels are subject to Elizabeth Public Schools district taxes and Union County municipal levies.
Property insurance premiums are influenced by regional flood zone designations and the urban density of the housing stock.
Data retrieved from census.gov ZCTA profiles.
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 Dream4.512.4 mi
- Supercharged Entertainment4.813.1 mi
- DreamWorks Water Park4.312.3 mi
- Nickelodeon Universe Theme Park4.512.1 mi
- Color Factory NYC4.411.9 mi
- American Dream4.512.4 mi
- MetLife Stadium4.512.4 mi
- Madison Square Garden4.713.1 mi
- Yankee Stadium4.718.9 mi
- Barclays Center4.512.9 mi
- Brooklyn Bridge4.812 mi
- American Dream4.512.4 mi
- MetLife Stadium4.512.4 mi
- The High Line4.712.5 mi
- Statue of Liberty4.79.3 mi
- The Metropolitan Museum of Art4.815.4 mi
- Rockefeller Center4.714 mi
- Empire State Building4.713.4 mi
- The Museum of Modern Art4.614.1 mi
- American Museum of Natural History4.615 mi
- 9/11 Memorial & Museum4.811.2 mi
- The High Line4.712.5 mi
- The Battery4.611 mi
- Washington Square Park4.612.4 mi
- Little Island4.712 mi
- Elizabeth Marina4.62.5 mi
- Galloping Hill Golf Course4.43.1 mi
- Dyker Beach Golf Course4.111.2 mi
- Puttery4.712.2 mi
- Baltusrol Golf Club4.76 mi
- Skyway Golf Course4.57.9 mi
- American Dream4.512.4 mi
- Chelsea Market4.612.2 mi
- The Mills at Jersey Gardens4.52.7 mi
- Hudson Yards4.712.8 mi
- The Mall at Short Hills4.58.8 mi
- Newark Liberty International Airport3.72.6 mi
- LaGuardia Airport4.119.5 mi
- Teterboro Airport4.415.3 mi
- North Shore University Hospital Heliport4.628.1 mi
- Chico Express3.911.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large historic park featuring walking trails, sports fields, and seasonal ice skating.
A historic site and museum showcasing New Jersey's colonial and revolutionary history.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.