West Elizabeth—15088
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Elizabeth
As of Oct '25, the median home price in West Elizabeth is $89,000, with a year-over-year change of 3.1%. This indicates that home prices in West Elizabeth are increasing. According to Zillow, the 1-year price projection is -1.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $89,000 | 3.1% |
| Single Family | $89,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — West Elizabeth
As of July '25, Rentcast reports the average rent in West Elizabeth is $1,050, with a year-over-year rent change of -27.6%. Per bedroom, the median rent as of July '25 in West Elizabeth is 2-bedrooms: $1,050. The most common rental property sizes in West Elizabeth are 2-bedroom and 3-bedroom, accounting for 58.3% and 30.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,050 | $1,050 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — West Elizabeth
As of Oct '25, Realtor.com reports that the median days on market for a home in West Elizabeth is 34. This is a decrease of -35.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $150,000 | 442.0% |
Listing Count | 2 | 200.0% |
| Listings as % of Homes | 1.5% | 200.0% |
Days on Market | 34 | -35.0% |
Demographics — West Elizabeth
As of the latest ACS Survey released in 2023, West Elizabeth has a population of 400, which has decreased by -20.2% over the past 5 years. West Elizabeth is a moderately popular place for families, as children make up 23.0% of the population. The area has a poorly educated workforce, with 12.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 400 | -20.2% |
% Under 18 | 23.0% | -38.0% |
% Seniors | 12.5% | 30.2% |
% WFH | 7.0% | 112.1% |
% w/ College Degree | 12.3% | 136.5% |
As of the latest ACS Survey released in 2023, West Elizabeth is a predominantly white area, with 89.2% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in West Elizabeth is black, making up 7.2% of the population. Foreign-born residents account for 3.5% of the population in West Elizabeth, and this percentage has increased by 250.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.2% | -5.5% |
% Black | 7.2% | 50.0% |
% Hispanic | 7.0% | 40.0% |
% Asian | 1.8% | ∞% |
% Foreign Born | 3.5% | 250.0% |
Mortgage and Risk — West Elizabeth
West Elizabeth lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — West Elizabeth
West Elizabeth lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $860 |
| 2 Bedroom | -$20 | $1,050 | $1,030 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — West Elizabeth
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.4 |
| Median Home Price | $89,000 |
| Median Household Income | $62,800 |