Union City, NJ 07087 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Union City, NJ—07087

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$571,000

6.4% YoY Growth

Household Income

$65,400

43.3% YoY Growth

Days on Market

22.0% Longer YoY

Home Price Forecast

1.1%

Median Rent

$2,600

1.1% YoY Growth

1-Bed Rent

$1,850

2.0% YoY Growth

2-Bed Rent

$2,720

4.1% YoY Growth

3-Bed Rent

$3,000

1.6% YoY Growth

Home Price Trends — Union City, NJ

As of May '26, the median home price in Union City, NJ is $571,000, with a year-over-year change of 6.4%. This indicates that home prices in Union City, NJ are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$571,000	6.4%
Single Family	$702,000	5.6%
Condos	$429,000	-0.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

9.8%

1 Bedroom

31.4%

2 Bedrooms

42.5%

3 Bedrooms

13.9%

4 Bedrooms

1.8%

5+ Bedrooms

0.6%

Property Listings — Union City, NJ

As of May '26, Realtor.com reports that the median days on market for a home in Union City, NJ is 45. This is a increase of 22.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$425,000	-10.0%
Listing Count	135	12.0%
Listings as % of Homes	0.2%	12.0%
Days on Market	45	22.0%

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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%

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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%

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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%

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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

Union City, NJ—07087

Key Metrics at a Glance

Home Price Trends — Union City, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Union City, NJ

% of Rental Stock

Property Listings — Union City, NJ

Demographics — Union City, NJ

Race and Ethnicity

Mortgage and Risk — Union City, NJ

Mortgages

Rentals and Section 8 — Union City, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Union City, NJ

Home Price to Income Ratio

Union City, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Weehawken, NJ

Hoboken, NJ

Jersey City, NJ

North Bergen Township, NJ

West New York, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.5
Median Home Price	$571,000
Median Household Income	$65,400

Union City, NJ—07087

Key Metrics at a Glance

Home Price Trends — Union City, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Union City, NJ

% of Rental Stock

Property Listings — Union City, NJ

Demographics — Union City, NJ

Race and Ethnicity

Mortgage and Risk — Union City, NJ

Mortgages

Rentals and Section 8 — Union City, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Union City, NJ

Home Price to Income Ratio

Union City, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Weehawken, NJ

Hoboken, NJ

Jersey City, NJ

North Bergen Township, NJ

West New York, NJ

Frequently Asked Questions

What is the average home price in Union City, NJ 07087?

How have home prices in Union City, NJ 07087 changed over the past year?

What is the home price projection for Union City, NJ 07087?

What are the demographics of Union City, NJ 07087?

How long does it take homes to sell in Union City, NJ 07087?

What is the average rent price in Union City, NJ 07087?