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The median home value in Elizabeth, NJ is $548,370 as of 2026-07-31, up 1.82% from a year earlier.
Median Home Value
$548,370
Year-over-Year
+1.82%
Population
138,500
Elizabeth ranks #115 of 184 New Jersey cities tracked here by median home value, and sits 11.3% below the state's city median of $618,410. It sits in Union County, where the county-wide median is $636,731.
Median household income in Elizabeth is $66,555, so the typical home value is about 8.2× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.
Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).
Elizabeth police recorded a violent crime rate of 409 per 100,000 residents in 2024 — higher than most cities that report to the FBI. Property crime runs at 2,658 per 100,000.
Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).
People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Elizabeth, that value is $548,370. That's up 1.82% from a year earlier. It is about 11.3% below the typical New Jersey city tracked here.
Homes in Elizabeth are cheaper than Union County as a whole, where the median is $636,731 — a difference of about 13.9%.
Median household income here is $66,555, so the typical home value is about 8.2× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.
Elizabeth police reported 409 violent crimes per 100,000 residents, covering a population of about 138,500. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.
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