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Elizabeth city, NJ

ZIP 07208 — 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 07208

Median Home Value
$425,600
Median Rent
$1,257
Affordability Snapshot
$117,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,734/mo PITI).

24%
Rent-to-Income Ratio

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

6.9x
Home Price-to-Income Ratio

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

28.2 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 07208 in Elizabeth city, NJ, a household would need roughly $117,000 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 $2,734. That is about 89% above the local median household income ($61,873), 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
27.5%-58% vs US avg
x
Vacancy Rate
7.4%-28% vs US avg
x
Broadband Access
93.5%+7% vs US avg
x
4+ Bedrooms
3.9%-73% vs US avg
x
Built Pre-1939
13.2%+3% vs US avg
x
Built Post-2014
0.2%-98% vs US avg
x
Rent Burden >30%
26.4%-47% vs US avg
x
Mortgage-Free
36.0%-6% vs US avg
x
$425,600
Home Value
$1,257
Rent
1956
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached21.5%
  • 1-unit attached2.2%
  • 2-9 units30.8%
  • 10+ units45.3%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$425,600
Median rent$1,257
Owner-occupied27.5%
Vacant7.4%
Price-to-income6.9x
Est. income to buy$117,000