Zip 07083 (Union, NJ) Housing

The housing market in 07083 Union, NJ is performing quite well compared to the nation's average. The median value of a house in this area is $455,300, which is significantly higher than the US median value of $338,100. On top of that, the one-year appreciation rate for Union NJ houses is an impressive 10.07%, while the national average is 8.27%. These figures demonstrate that home values in this area have increased steadily over the past year and are likely to continue doing so into the future.

The median home cost in Union (zip 07083) is $455,300. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Union (zip 07083) is up 13.9%.

Average Age of Homes

- The median age of Union (zip 07083) real estate is 64 years old

The Rental Market in Union (zip 07083)

- Renters make up 24.5% of the Union (zip 07083) population
- 0.8% of houses and apartments in Union (zip 07083), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Union, New Jersey	United States
	20,588.0	139,647,020.0
	66	42
	$455,300	$338,100
	13.9%	16.6%
	43.7%	57.0%
	66.2%	101.1%
	$27.55	$10.98
	$9,716	$2,690
	72.2%	57.4%
	4.5%	11.2%
	23.3%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	1.1%	0.7%
	0.3%	0.4%
	0.6%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	0.6%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.3%	4.5%
	0.6%	11.3%
	2.7%	13.0%
	18.9%	20.1%
	49.7%	13.6%
	18.1%	8.3%
	7.7%	9.7%
	0.5%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.3%	13.6%
	4.3%	13.6%
	4.0%	13.6%
	6.1%	13.2%
	6.9%	14.8%
	4.0%	13.6%
	28.4%	10.0%
	14.7%	4.7%
	21.4%	12.2%

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