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Port Elizabeth

Learn about the people, housing, costs and businesses in Port Elizabeth, New Jersey

Median Home$220,500
Median Rent$1,625/month
Population222
Leading IndustriesInformation & Media · Manufacturing · Retail8% information & media
Home Value Growth⬆⬆⬆+22.6% over 2 years
Young Adults26% of residents
Homeowners79% of occupied units
Port Elizabeth
NJ

Frequently Asked Questions

What are today's mortgage rates in Port Elizabeth?

As of today, the 30-year fixed mortgage rate for Port Elizabeth is approximately 7.106% (7.152% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Port Elizabeth?

The median home value in Port Elizabeth is $221k. The median monthly rent is $1,625. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Port Elizabeth?

Home values in Port Elizabeth have increased 22.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Port Elizabeth?

Based on a typical all-in ownership cost of $1,386/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Port Elizabeth is $77k/year.

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What industries drive the economy in Port Elizabeth?

The largest employment sectors in Port Elizabeth are public administration (19%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.