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Elizabeth city, NJ

ZIP 07202 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07202

Median Home Value
$358,000
Median Rent
$1,343
Affordability Snapshot
$99,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,300/mo PITI).

24%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.3x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

22.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07202 in Elizabeth city, NJ, a household would need roughly $99,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,300. That is about 45% above the local median household income ($68,071), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
26.2%-60% vs US avg
x
Vacancy Rate
3.7%-64% vs US avg
x
Broadband Access
80.2%-8% vs US avg
x
4+ Bedrooms
1.6%-89% vs US avg
x
Built Pre-1939
16.3%+27% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
21.6%-57% vs US avg
x
Mortgage-Free
41.8%+9% vs US avg
x
$358,000
Home Value
$1,343
Rent
1954
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached12.5%
  • 1-unit attached6.2%
  • 2-9 units50.5%
  • 10+ units30.6%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$358,000
Median rent$1,343
Owner-occupied26.2%
Vacant3.7%
Price-to-income5.3x
Est. income to buy$99,000