Union City, NJ—07087
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Union City, NJ
As of Oct '25, the median home price in Union City, NJ is $568,000, with a year-over-year change of 10.3%. This indicates that home prices in Union City, NJ are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $568,000 | 10.3% |
| Single Family | $667,000 | 9.2% |
| Condos | $412,000 | 3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $324,000 | 1.9% |
2 Bed | $507,000 | 6.1% |
3 Bed | $675,000 | 6.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Union City, NJ
As of July '25, Rentcast reports the average rent in Union City, NJ is $2,610, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Union City, NJ is studios: $1,710, 1-bedrooms: $1,960, 2-bedrooms: $2,770, 3-bedrooms: $3,000, 4-bedrooms: $3,550. The most common rental property sizes in Union City, NJ are 2-bedroom and 1-bedroom, accounting for 42.5% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,610 |
| Studio Rent | $1,600 | $1,710 |
| 1 Bed Rent | $1,850 | $1,960 |
| 2 Bed Rent | $2,720 | $2,770 |
| 3 Bed Rent | $3,000 | $3,000 |
| 4 Bed Rent | $3,150 | $3,550 |
% of Rental Stock
Property Listings — Union City, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Union City, NJ is 65. This is a increase of 49.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $419,000 | -9.0% |
Listing Count | 105 | 17.0% |
| Listings as % of Homes | 0.2% | 17.0% |
Days on Market | 65 | 49.0% |
Demographics — Union City, NJ
As of the latest ACS Survey released in 2023, Union City, NJ has a population of 66,400, which has decreased by -3.1% over the past 5 years. Union City, NJ is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 66,400 | -3.1% |
% Under 18 | 21.6% | -4.8% |
% Seniors | 12.4% | 14.8% |
% WFH | 7.1% | 115.2% |
% w/ College Degree | 28.4% | 38.5% |
As of the latest ACS Survey released in 2023, Union City, NJ is a predominantly hispanic area, with 81.6% of the population identifying as hispanic. The hispanic population has grown by 5.8% in the last 5 years. The second most common race or ethnicity in Union City, NJ is white, making up 9.9% of the population. Foreign-born residents account for 55.2% of the population in Union City, NJ, and this percentage has decreased by 5.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 9.9% | -38.9% |
% Black | 4.7% | -2.1% |
% Hispanic | 81.6% | 5.8% |
% Asian | 4.0% | 5.3% |
% Foreign Born | 55.2% | -5.2% |
Mortgage and Risk — Union City, NJ
According to HUD data as of 2023, there were 278 mortgage originations in Union City, NJ, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Union City, NJ. Investor activity is low, as 9.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 278 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Union City, NJ
As of 2024, the percent of homes in Union City, NJ under the Section 8 program is 5.6%. 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. In Union City, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,673 |
Total Units Section 8 | 1,157 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | 92.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $1,850 | $1,830 |
| 2 Bedroom | -$650 | $2,720 | $2,070 |
| 3 Bedroom | -$430 | $3,000 | $2,570 |
| 4 Bedroom | -$280 | $3,150 | $2,870 |
Affordability — Union City, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $568,000 |
| Median Household Income | $65,400 |