Elizabeth, New Jersey was once the state’s capital city. It was founded in 1664 and still contains a number of historical landmarks. Today, Elizabeth has a population of 128,000 and an economy driven mainly by blue-collar jobs. The city’s close proximity to New York City, Newark, and Jersey City makes it an affordable option for people who need to commute to work in one of these major metropolitan centers.
What To Know About Buying a Home in Elizabeth, NJ
Elizabeth’s median home value hovers between $260,000 to $300,000. This represents a housing market that is around 15 to 17 percent lower than other cities in New Jersey, which may be attractive for first-time homebuyers. There is a good range of homes styles available, including a large number of vintage homes built in the 1930s, 1940s, and 1950s, as well as newer development properties. Standalone, single-family homes make up about 15 percent of the total market, while apartments and apartment buildings also feature prominently.
Advantages of Living in Elizabeth
Elizabeth doesn’t always have the best reputation when it comes to property crime statistics, but there are several advantages that make it an attractive option nonetheless:
- Central location
Elizabeth is close to major hubs in New Jersey and New York. Residents can reach Newark’s Liberty International Airport in under 10 minutes, and New York City in roughly 20 to 30 minutes.
There are tons of things to do and see in and around Elizabeth, including restaurants, museums, pubs, parks, historic buildings, and shopping centers. If you factor in Newark’s vibrant nightlife, it’s virtually impossible to get bored here.
- Ritz Theater
The Ritz Theater is one of the best examples of historical architecture in the city, featuring towering columns, gorgeous murals, extensive marble, and breathtaking moldings. The theater is still in operation, offering regular performing arts events, films, opera performances, and music concerts.
Elizabeth’s rich history provides endless examples of architecture from the 1800s, 1920s, 1950s and other exciting periods. Lovers of vintage homes can find many places to love.