What is the average home price in Union, NJ 07088?

As of May '26, the median home price in Union, NJ 07088 is $475,000, based on Zillow home estimates.

How have home prices in Union, NJ 07088 changed over the past year?

As of May '26, home prices have decreased 4.8% over the past year, according to Zillow home estimates data.

What is the home price projection for Union, NJ 07088?

As of May '26, Zillow projects home prices in Union, NJ 07088 to increase 1.7% in the next year.

What are the demographics of Union, NJ 07088?

According to the latest Census, the demographics of Union, NJ 07088 are 8.2% White, 69.5% Black, 1.3% Asian, 19.1% Hispanic. The population is 3,080, with 18.5% under 18 years old.

How long does it take homes to sell in Union, NJ 07088?

According to Realtor.com, as of May '26, the median home in Union, NJ 07088 is on the market for 18 days. This is an increase of 108.0% from last year.

What is the average rent price in Union, NJ 07088?

The average rent price in Union, NJ 07088, as of the latest data, is $2,490. The average rent for 1 bedroom homes is $1,920. For 2, 3, and 4 bedroom homes, the average rent is $1,950, $2,900, and $3,080 respectively.

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Union, NJ—07088

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$475,000

4.8% YoY Growth

Household Income

$92,000

76.0% YoY Growth

Days on Market

108.0% Longer YoY

Home Price Forecast

1.7%

Median Rent

$2,150

0.4% YoY Growth

1-Bed Rent

$1,850

8.6% YoY Growth

2-Bed Rent

$1,850

14.1% YoY Growth

3-Bed Rent

$2,900

1.0% YoY Growth

Other Zip Codes in Union, NJ

07083

Home Price Trends — Union, NJ

As of May '26, the median home price in Union, NJ is $475,000, with a year-over-year change of -4.8%. This indicates that home prices in Union, NJ are decreasing. 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	$475,000	-4.8%
Single Family	$479,000	-4.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$350,000	5.0%
Listing Count	4	21.0%
Listings as % of Homes	0.5%	21.0%
Days on Market	18	108.0%

Metric	Latest Census	YoY % Change
Population	3,080	-1.6%
% Under 18	18.5%	33.1%
% Seniors	17.8%	-18.7%
% WFH	5.3%	96.3%
% w/ College Degree	32.1%	75.4%

Metric	Zip Code Average
Total Loan Originations	37
% Conventional Loans	73.0%
% Government Loans	27.0%
% Investor Loans	5.0%
% Second Loans	0.0%
% Cash Out Refinance	16.0%

Total Units under HUD	83
Total Units Section 8	83
% Rentals under Section 8	14.6%
% Occupied Section 8	69.0%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$250	$1,850	$2,100
2 Bedroom	$690	$1,850	$2,540
3 Bedroom	$300	$2,900	$3,200
4 Bedroom	$440	$3,200	$3,640

Union, NJ—07088

Key Metrics at a Glance

Other Zip Codes in Union, NJ

Home Price Trends — Union, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Union, NJ

% of Rental Stock

Property Listings — Union, NJ

Demographics — Union, NJ

Race and Ethnicity

Mortgage and Risk — Union, NJ

Mortgages

Rentals and Section 8 — Union, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Union, NJ

Home Price to Income Ratio

Union, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Millburn, NJ

Maplewood, NJ

Union, NJ

South Orange, NJ

Kenilworth, NJ

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$2,150	$2,490
Studio Rent	N/A	N/A
1 Bed Rent	$1,850	$1,920
2 Bed Rent	$1,850	$1,950
3 Bed Rent	$2,900	$2,900
4 Bed Rent	$3,200	$3,080

Metric	Latest Census	5-Year % Change
% White	8.2%	-5.7%
% Black	69.5%	-13.1%
% Hispanic	19.1%	101.1%
% Asian	1.3%	-18.8%
% Foreign Born	25.7%	89.0%

Metric	Zip Code Average
Home Price to Income Ratio	4.9
Median Home Price	$475,000
Median Household Income	$92,000