Zip lookup · NJ

07202
Elizabeth, New Jersey.

Elizabeth, Union County, NJ · New York-Newark-Jersey City, NY-NJ-PA metro · population 44,968

What it costs per month · 07202 $2,725/mo

to buy the typical home at today's mortgage rate — +$1,700 (+166%) since Jan 2020.

What the home itself did
1 year
Up $10,158 +2%
$508,992$519,151 since Sep 2025
5 years
Up $160,330 +45%
$358,821$519,151 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 $2,500 2002 2006 2010 2014 2018 2022 2026 07202 $2,725 United States $1,922
$500 $1,000 $1,500 $2,000 $2,500 2002 2010 2018 2026
  • 07202$2,725
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 9 years.

Typical home values in zip 07202 rose 2.0% over the past year — faster than the nation's +1.2%.

Asking rents in zip 07202 rose 4.6% over the past year — faster than the nation's +2.7%.

Owning the typical home in zip 07202 runs $1,825/mo more than renting one. The gap peaked at $1,882 in Jun 2025.

That is $4,098 a month against $2,273 rent: a $2,725 mortgage payment, plus $818 property tax and $556 insurance & upkeep.

Owning vs renting — zip 07202

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$2,000 $3,000 $4,000 2025 2026 Owning all in $4,098 Renting $2,273 Mortgage only $2,725
$2,000 $3,000 $4,000 2025 2026
  • Owning all in$4,098
  • Renting$2,273
  • Mortgage only$2,725

Property tax · $818/mo 1.89% of value a year — the ACS 2020-2024 median bill over the median home value for Union County, NJ

Insurance & upkeep · $556/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

Zillow also publishes an index for the city itself: Elizabeth, NJ — measured over the city limits, which is a different area from this zip.

Asking rent $2,273 as of Sep 2026
+4.6%year on year
Typical home value $519,151 as of Sep 2026
+2.0%year on year

Asking rent — 07202

Against the New York-Newark-Jersey City, NY-NJ-PA metro and the national benchmark.

$2,000 $2,500 $3,000 $3,500 2025 2026 07202 $2,273 New York $3,546 United States $1,932
$2,000 $2,500 $3,000 $3,500 2025 2026
  • 07202$2,273
  • New York$3,546
  • United States$1,932

Typical home value — 07202

Mid-tier homes, smoothed and seasonally adjusted.

$250,000 $500,000 $750,000 2018 2020 2022 2024 2026 07202 $519,151 New York $730,949 United States $366,157
$250,000 $500,000 $750,000 2018 2022 2026
  • 07202$519,151
  • New York$730,949
  • United States$366,157

Within 20 miles

Showing 30 of 297 zips in range — sorting picks from all 297.

10 mi 20 mi 50 mi
Miles Zip City Population Rent Home value
1.5 07208 Elizabeth 31,937 $2,080 $592,650
1.7 07206 Elizabethport 31,930 $2,239 $512,816
2.3 07036 Linden 45,671 $2,468 $538,145
2.3 07203 Roselle 22,646 $2,488 $516,454
2.5 07201 Elizabeth 28,467 $2,260 $509,675
2.7 07204 Roselle Park 14,093 $2,527 $542,262
2.9 10303 Staten Island 26,497 — $553,687
3.0 07205 Hillside 22,349 $2,350 $518,351
4.0 07083 Union 58,170 $2,586 $576,973
4.0 07112 Newark 29,456 $1,972 $494,915
4.2 07033 Kenilworth 8,401 — $625,327
4.2 07114 Newark 13,670 $1,926 $452,457
4.4 10302 Staten Island 19,030 $3,027 $635,690
4.6 07016 Cranford 24,074 $3,119 $773,488
4.6 10314 Staten Island 93,915 $2,515 $708,275
4.6 07065 Rahway 30,109 $2,472 $537,708
4.8 07008 Carteret 25,526 $2,430 $560,439
4.9 07108 Newark 28,790 $2,065 $507,455
5.0 07111 Irvington 60,867 $1,920 $419,974
5.4 07002 Bayonne 71,553 $2,338 $588,128
5.4 10310 Staten Island 25,672 $3,083 $696,352
5.5 07066 Clark 15,622 $2,350 $717,896
5.6 07001 Avenel 17,121 $2,256 $513,185
5.6 07027 Garwood 4,885 — $677,525
5.7 07088 Vauxhall 2,901 — $465,238
6.0 07103 Newark 37,293 $2,149 $399,304
6.0 07064 Port Reading 3,481 — $542,305
6.1 07102 Newark 12,358 $2,418 $398,971
6.2 07106 Newark 36,383 $2,064 $462,342
6.2 07040 Maplewood 25,613 $2,875 $960,088

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.