Union County, New Jersey Housing Market
In Union County, New Jersey, the median home value is $529,200, with a median monthly rent of $1,730. This places Union County at #118 nationally out of 3134 counties by median home value, and #6 within New Jersey.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,660
- Establishments: 16,471
- BLS QCEW, 2025
Housing Supply
- Single-family: 162
- Multi-family: 1,066
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 236,560 (avg $121,925)
- Outflow: 235,587 (avg $121,903)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Union County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 07201 | 455.5 | — | 2025 |
| 2 | 07202 | 329.2 | -8.71% | 2025 |
| 3 | 07092 | 272.2 | +11.24% | 2025 |
| 4 | 07206 | 470.1 | +7.29% | 2025 |
| 5 | 07208 | 334.4 | +8.88% | 2025 |
| 6 | 07023 | 300.9 | +6.33% | 2025 |
| 7 | 07205 | 360.1 | +5.37% | 2025 |
| 8 | 07016 | 308.3 | +6.78% | 2025 |
| 9 | 07065 | 329.9 | +3.81% | 2025 |
| 10 | 07974 | 287.5 | +9.62% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
🔗 Explore Union County on Our Sister Sites
Get the complete picture for Union County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Union County Compares
| Metric | Union County | New Jersey Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $529,200 | $430,014 | $227,706 |
| Median Gross Rent | $1,730 | $1,634 | $968 |
| Owner Occupancy Rate | 57.4% | 68.3% | 73.3% |
| Price/Rent Ratio | 25.5 | 21.6 | 18.7 |
Market Analysis
The median home value in Union County is 23.1% above the New Jersey state average and 132.4% above the U.S. national average. The median rent of $1,730/month is 5.9% above the state average.
With a price-to-rent ratio of 25.5, Union County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Union County has an owner-occupancy rate of 57.4%, compared to 68.3% in New Jersey and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Bronx County | New York | $529,500 | $1,458 |
| Skamania County | Washington | $529,500 | $1,068 |
| Prince William County | Virginia | $530,100 | $2,067 |
| Garfield County | Colorado | $527,800 | $1,637 |
| San Joaquin County | California | $530,700 | $1,734 |
Other Counties in New Jersey
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Essex County | $524,100 | $1,531 | 44.9% |
| Hudson County | $539,700 | $1,894 | 30.7% |
| Hunterdon County | $517,200 | $1,687 | 85.1% |
| Somerset County | $552,100 | $2,033 | 74.3% |
| Morris County | $582,500 | $1,904 | 74.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).