Welcome to our 7087 real estate data hub, tailored for investors in Union City, NJ. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 7087 in Union City, NJ. Discover Section 8 housing opportunities and challenges to maximize your investment potential in HUDSON COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Union City, NJ real estate investing. Uncover the wealth of information available, and position yourself for success in the Union City property market.
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Location Overview
- Zip Code: 7087
- City: Union City
- State: NJ
- Metro Area: New York-Newark-Jersey City, NY-NJ-PA
- County Name: HUDSON COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $438,428
- Average Home Price (Single Family Homes): $501,615
- Average Monthly Rental Price (All Types): $1,970
- Price-to-Rent Ratio: 19
- Zillow Projected % appreciation from 4/2023-4/2024: -0.9%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,900
- Average 3 Bedroom Section 8 Rental Rates: $2,350
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 19.23
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 15.55
- Number of Units Offered in Section 8 in the County: 11488
- Number of Occupied Units in Section 8 in the County: 11027
- Percentage of Section 8 Units Occupied in the County: 96%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 248.08
- Total % Appreciation since 2000 (Government Data): 273.28
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 2.88%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.37%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 17.14%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 37.42%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 122.9%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 61.95%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 232.01%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -3.72%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 7.52%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 12.06%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 16.98%