Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$627,890+2.3% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 11% have cut their price
Income needed to buy, per year$136,114About 1.3× the local median income ($101,023): a stretch for a typical household
Days on market33 daysFaster than a year ago: sellers have the edge
Next 12 months+2.8%Zillow expects prices to rise slightly
The typical home in Union County, NJ is worth $627,890, up 2.3% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $593,154, so the area is 5.9% overvalued. It is a balanced market: homes take about 33 days to sell, listings are up 31% from a year ago, 11% of listings have had a price cut. Zillow expects prices to rise about 2.8% over the next year. A household needs about $136,114 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $101,023. Typical rent is $2,529 a month, or $2,470 for a house. In the latest IRS figures, 2,779 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$627,890
Change in 1 year
+2.3%
Overvalued %
+5.9%
Show 7 more
Fair home value
$593,154
Change in 5 years
+27.8%
Zillow forecast, next 12 months
+2.8%
Home value to income
6.2×
Monthly mortgage payment (20% down)
$3,403
Income needed to afford it
$136,114
Property tax rate
1.89%
Rent and investing
Typical rent
$2,529
Typical rent for houses
$2,470
Price-to-rent ratio
20.7×
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HUD Fair Market Rent, 2 bedrooms
$2,233
Gross rental yield
4.83%
Cap rate (estimate)
3.14%
Market activity
Listings vs a year ago
+30.7%
Days on market
33
Listings with a price cut
10.8%
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Homes for sale
767
Pending sales per 100 listings
54
Asking price per sq ft
$359
People and jobs
Median household income
$101,023
Population change (1 year)
+0.5%
Unemployment rate
6.5%
Show 4 more
Population
601,863
Income adjusted for cost of living
$89,718
Net moves in (IRS)
−2,779
Cost of living (US = 100)
112.6
Schools, risk and environment
School rating (1 to 10)
4.8
FEMA hazard risk score (0 to 100)
95.5
Unhealthy air days a year
1
Show 4 more
Flood risk score
97.5
Wildfire risk score
16.3
Walkability (1 to 20)
13.1
Road, rail and air noise
53 dB
Questions people ask
Is Union County, NJ overvalued?
Home prices in Union County, NJ are slightly above what local incomes have historically supported: fair value is about $593,154, so the area is 5.9% overvalued.
Is Union County, NJ a buyer's or seller's market?
Union County, NJ is a balanced market: homes take about 33 days to sell, listings are up 31% from a year ago, 11% of listings have had a price cut.
Are home prices going down in Union County, NJ?
Home values in Union County, NJ are up 2.3% over the last year. Zillow's forecast for the next 12 months is +2.8%.
How much do you need to earn to buy a home in Union County, NJ?
A household needs about $136,114 a year to afford the typical home in Union County, NJ at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $101,023.