Elizabeth, NJ Real Estate
According to census data in the year 2000 there were 42,838 housing units in Elizabeth.
This represents a 3.7% growth from 41,315 in 1990.
Of those housing units, 42,838 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Elizabeth is about 29.8%.
Elizabeth's vacancy rate, including seasonal lodging, is about 5.5%.
Average household size is 2.91 people.
The majority of houses, apartments or condos in Elizabeth were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 8.10% |
| One Bedroom | 27.40% |
| Two Bedrooms | 33.90% |
| Three Bedrooms | 22.40% |
| Four Bedrooms | 5.80% |
| Five Bedrooms or more | 2.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.29 |
| Median year structure was built | 1941 |
| Median Value of occupied units | $143,000 |
| Median Price asked for vacant units | $160,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1956 |
| Median Monthly Rent asked for vacant units | $631 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 8.20% |
| Home Equity Loan | 5.10% |
| Simple Mortgage | 52% |
| Debt Free | 34.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.8% |
