Real Estate Investing in Elizabeth, New Jersey (07206)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07206 (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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Elizabeth, NJ (07206)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07206 Elizabeth
Investors eyeing 07206 need to respect the fundamentals at play. Home values of $514K come alongside slower price movement and elevated management overhead.
Rent of $2,110/mo on a $514K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 07206 sits below the stated 0.0% once reality is priced in.
ZIP 07206's metrics run below Union County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 07206 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 07206 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
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 07206 Compare?
| Metric | 07206 | Elizabeth | New Jersey |
|---|---|---|---|
| Home Value | $514,173 | $530,413 | $559,826 |
| 5-Year CAGR | 7.3% | 7.6% | 8.4% |
| Avg Rent | $2,110 | $2,238 | - |
| Cap Rate | 3.2% | 3.3% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07206 (Elizabeth, NJ). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 07206 (Elizabeth, NJ)?
~25 seconds · no account needed · your report is anonymous
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 | $514,173 |
| Monthly Rent | $2,110 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +11.7% ▲ |
🏠 Rent Trends
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 07206
Population: 31,120
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 07206
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Abraham Lincoln School No. 14
Dr. Orlando Edreira Academy School No. 26
Joseph Battin School No 4
Nicholas Murray Butler Academy School No. 23
Robert Morris School No. 18
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 2,281 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is the tenant base reliable in Elizabeth, NJ?
The renter base in Elizabeth, NJ is reasonable for the $2,110/mo price point. Screening well and pricing to market typically yields measured tenants.
Is Elizabeth, NJ a good place for real estate investing?
Yes - Elizabeth, NJ a 3.0/5 investability score. With $514K home prices against $2,110/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is NJ a landlord-friendly state?
The landlord environment in Elizabeth, NJ is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
Does a duplex house hack pencil in Elizabeth, NJ?
The a challenging house-hack environment in Elizabeth, NJ reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Which investment style suits Elizabeth, NJ?
A careful cash-flow rentals with hands-on management strategy Elizabeth, NJ best. The market produces steady results for that approach at the $514K price point.
You know 07206 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07206 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 07206 ranks in New York-Newark-Jersey City, NY-NJ-PA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 07206 (Elizabeth)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 07206 (Elizabeth, NJ).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.