The housing market in Union City, NJ (zip code 07087) is quite strong. The median value of homes in this area is $459,500, which is significantly higher than the US median value of $338,100. Additionally, the one year house appreciation rate in Union City stands at 10.07%, significantly higher than the US average of 8.27%. This shows that the housing market in Union City, NJ is thriving and is a great place to invest in property.
The median home cost in Union City (zip 07087) is $459,500. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Union City (zip 07087) is up 13.9%.
Average Age of Homes
- The median age of Union City (zip 07087) real estate is 61 years old
The Rental Market in Union City (zip 07087)
- Renters make up 72.4% of the Union City (zip 07087) population
- 3.4% of houses and apartments in Union City (zip 07087), 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.