Real Estate Investing in Elizabeth, New Jersey (07201)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07201 (Elizabeth, NJ)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.0% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Elizabeth, NJ (07201)?
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Market Analysis: 07201 Elizabeth
The 07201 ZIP covers a section of Elizabeth that demands careful diligence. Prices near $502K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 07201 can be a a strong candidate for hunting ground — but the discount at $502K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 07201 among NJ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A substantial renter share of 77% in 07201 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 07201 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Elizabeth:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07201 Compare?
| Metric | 07201 | Elizabeth | New Jersey |
|---|---|---|---|
| Home Value | $502,404 | $530,413 | $559,826 |
| 5-Year CAGR | 7.1% | 7.6% | 8.4% |
| Avg Rent | $2,353 | $2,238 | - |
| Cap Rate | 3.7% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07201 (Elizabeth, NJ). Anonymous, moderated, never written by AI.
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Property managers serving Union County
Manage rentals here? List your business →Corner Property Management is a property management company serving New Jersey and Pennsylvania. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $502,404 |
| Monthly Rent | $2,353 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +10.2% ▲ |
🏠 Rent Trends
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 07201
Population: 27,725
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 07201
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Abraham Lincoln School No. 14
Benjamin Franklin School No. 13
Dr. Orlando Edreira Academy School No. 26
George Washington Academy School No. 1
iPrep Academy School No 8
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 5,318 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Elizabeth, NJ a good investment right now?
With a 3.0/5 investability score, Elizabeth, NJ ranks as a solid market for rental property investors. Median prices of $502K and rents of $2,353/mo drive the underlying numbers.
How viable is house hacking in Elizabeth, NJ?
For house hackers, Elizabeth, NJ is a challenging. The $2,353/mo rent on a unit helps defray the mortgage on a $502K property.
What monthly rent should investors expect in Elizabeth, NJ?
Investors in Elizabeth, NJ typically see rents near $2,353/mo per month against $502K home values - a solid setup for rental cash flow.
How high is vacancy risk in Elizabeth, NJ?
Expect elevated vacancy in Elizabeth, NJ. Rents at $2,353/mo are absorbed by the tenant base without meaningful lag.
What approach is best for Elizabeth, NJ real estate?
A careful cash-flow rentals with hands-on management strategy Elizabeth, NJ best. The market produces consistent results for that approach at the $502K price point.
You know 07201 now. You don’t know where it ranks.
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How 07201 ranks in New York-Newark-Jersey City, NY-NJ-PA
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