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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Union, NJ Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Union, NJ Housing Market Trends

With a population of 2,229, 1,036 total housing units (homes and apartments), and a median house value of $450,177, Union real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Union, accounting for 50.71% of the town's housing units. Other types of housing that are prevalent in Union include duplexes, homes converted to apartments or other small apartment buildings ( 39.49%), large apartment complexes or high rise apartments ( 7.73%), and a few row houses and other attached homes ( 2.07%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Union. Owner-occupied housing accounts for 74.03% of Union's homes, and 56.93% have either three or four bedrooms, which is average sized relative to America.

The housing in Union was primarily built before 1939 ( 56.55%), making the housing stock in Union some of the oldest overall in America, although there is a range of ages of homes in Union. The next most important housing age is between 1940-1969 ( 36.00%), followed by between 1970-1999 ( 5.47%). There's also some housing in Union built between 2000 and later ( 1.98%).

Union Home Appreciation Rates

Real estate appreciation rates in Union's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.85% during the period.

NeighborhoodScout's data show that during the latest twelve months, Union's appreciation rate, at 3.52%, has been at or slightly above the national average. In the latest quarter, Union's appreciation rate has been 3.21%, which annualizes to a rate of 13.46%.

Relative to New Jersey, our data show that Union's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Union differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Union - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Union real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$450,177

Union, NJ Home Prices
> $1,352,000
$1,014,001 - $1,352,000
$676,001 - $1,014,000
$541,001 - $676,000
$406,001 - $541,000
$270,001 - $406,000
$135,001 - $270,000
$68,001 - $135,000
$0 - $68,000
0.6%
0.6%
0.0%
0.0%
5.1%
5.1%
9.0%
9.0%
59.9%
59.9%
23.1%
23.1%
1.8%
1.8%
0.0%
0.0%
0.5%
0.5%
0% 100.0%
% of Homes
Low

for New jersey

Very High

for nation

Number of Homes And Apartments:

1,036

Union Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,079 / per month

Homeownership Rate

Owners
Renters
Vacant
74.0%
74.0%
26.0%
26.0%
2.4%
2.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
2.0%
2.0%
5.5%
5.5%
36.0%
36.0%
56.6%
56.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
50.7%
50.7%
2.1%
2.1%
39.5%
39.5%
7.7%
7.7%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.5%
2.5%
10.3%
10.3%
19.9%
19.9%
30.6%
30.6%
26.3%
26.3%
10.5%
10.5%
0% 100.0%
% of Homes