Investment metrics, interactive calculators, and data-driven analysis for Elizabeth rental properties.
Pre-filled with Elizabeth medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Elizabeth.
Elizabeth, NJ has a population of 137,000 and has been growing at 0.3% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $380,000 paired with median rents of $1,720/mo produces an estimated cap rate of 2.18%.
Property taxes at 2.15% are notably high and represent a significant drag on cash flow — model this expense carefully, as it can make or break a deal. The vacancy rate of 5.5% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 7.8x, homes cost about 7.8 times the local median income of $48,600. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 2.6% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: At current median prices, Elizabeth is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.