Parsippany vs Elizabeth: Housing
| Parsippany | Elizabeth | |
|---|---|---|
| Median Home Value | $555,400 | $449,300 |
| Median Gross Rent | $1,742/mo | $1,523/mo |
| Homeownership Rate | 48.4% | 25.6% |
| Rent as Share of Income | 21.0% | 27.5% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.