Union, NJ—07083
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Union, NJ
Home Price Trends — Union, NJ
As of Oct '25, the median home price in Union, NJ is $567,000, with a year-over-year change of 2.9%. This indicates that home prices in Union, NJ are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $567,000 | 2.9% |
| Single Family | $571,000 | 1.8% |
| Condos | $374,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $455,000 | 4.6% |
3 Bed | $587,000 | 3.2% |
4 Bed | $634,000 | 3.3% |
| 5 Bed | $705,000 | 3.8% |
% of Housing Stock
Rental Trends — Union, NJ
As of July '25, Rentcast reports the average rent in Union, NJ is $2,780, with a year-over-year rent change of 4.5%. Per bedroom, the median rent as of July '25 in Union, NJ is studios: $2,080, 1-bedrooms: $2,390, 2-bedrooms: $2,730, 3-bedrooms: $3,080, 4-bedrooms: $3,570. The most common rental property sizes in Union, NJ are 2-bedroom and 1-bedroom, accounting for 47.5% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,780 |
| Studio Rent | $1,900 | $2,080 |
| 1 Bed Rent | $2,450 | $2,390 |
| 2 Bed Rent | $2,500 | $2,730 |
| 3 Bed Rent | $2,950 | $3,080 |
| 4 Bed Rent | $3,300 | $3,570 |
% of Rental Stock
Property Listings — Union, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Union, NJ is 32. This is a decrease of -21.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $599,000 | 7.0% |
Listing Count | 135 | 25.0% |
| Listings as % of Homes | 0.5% | 25.0% |
Days on Market | 32 | -21.0% |
Demographics — Union, NJ
As of the latest ACS Survey released in 2023, Union, NJ has a population of 57,000, which has increased by 3.4% over the past 5 years. Union, NJ is a moderately popular place for families, as children make up 17.8% of the population. The area has a moderately educated workforce, with 41.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 57,000 | 3.4% |
% Under 18 | 17.8% | -1.7% |
% Seniors | 16.8% | 7.0% |
% WFH | 10.8% | 191.9% |
% w/ College Degree | 41.0% | 14.8% |
As of the latest ACS Survey released in 2023, Union, NJ is a predominantly black area, with 36.3% of the population identifying as black. The black population has grown by 26.9% in the last 5 years. The second most common race or ethnicity in Union, NJ is white, making up 29.3% of the population. Foreign-born residents account for 37.2% of the population in Union, NJ, and this percentage has increased by 17.4% 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 | 29.3% | -25.8% |
% Black | 36.3% | 26.9% |
% Hispanic | 18.0% | -2.2% |
% Asian | 10.6% | -0.9% |
% Foreign Born | 37.2% | 17.4% |
Mortgage and Risk — Union, NJ
According to HUD data as of 2023, there were 828 mortgage originations in Union, NJ, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Union, NJ. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 828 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Union, NJ
As of 2024, the percent of homes in Union, NJ under the Section 8 program is 9.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Union, NJ, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 600 |
Total Units Section 8 | 502 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 87.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$360 | $2,450 | $2,090 |
| 2 Bedroom | $30 | $2,500 | $2,530 |
| 3 Bedroom | $240 | $2,950 | $3,190 |
| 4 Bedroom | $320 | $3,300 | $3,620 |
Affordability — Union, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $567,000 |
| Median Household Income | $118,000 |