Real Estate Investing in Union, New Jersey (07083)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07083 (Union, NJ)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Union, NJ (07083)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07083 Union
The 07083 ZIP covers a section of Union that demands careful diligence. Prices near $586K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $586K asset, 07083 is the wrong submarket. If the plan prices in friction, the yield can still work.
Turning to rents, 07083 offers a low basis, the region around Union has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 07083 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 07083 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Union:
Property Strategy for 07083
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $454,994 | $2,640 | 4.2% | +10.6% | $227,497 |
| 3BR | $587,432 | $3,310 | 4.1% | +9.3% | $195,811 |
| 4BR | $634,163 | $3,760 | 4.3% | +8.8% | $158,541 |
| 5BR | $705,444 | — | — | +8.7% | $141,089 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07083 Compare?
| Metric | 07083 | Union | New Jersey |
|---|---|---|---|
| Home Value | $585,983 | $530,323 | $559,826 |
| 5-Year CAGR | 5.4% | 4.2% | 8.4% |
| Avg Rent | $2,615 | $2,504 | - |
| Cap Rate | 3.5% | 3.7% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07083 (Union, NJ). Anonymous, moderated, never written by AI.
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Property managers serving Union County
Manage rentals here? List your business →Corner Property Management is a property management company serving New Jersey and Pennsylvania. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $585,983 |
| Monthly Rent | $2,615 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 07083
Population: 57,036
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 07083
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,036 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Union, NJ for investors?
The 3.0/5 investability rating in Union, NJ reflects its $586K prices and $2,615/mo rents. Investors generally consider it a solid option within NJ.
How much rent can I charge in Union, NJ?
Investors in Union, NJ typically see rents near $2,615/mo per month against $586K home values - a solid setup for rental cash flow.
What price range are homes in Union, NJ?
Typical homes in Union, NJ go for around $586K. The 5-year CAGR of 0.0% even-keeled price movement.
What kind of vacancy should I budget for in Union, NJ?
Union, NJ carries elevated vacancy risk. Expect steady absorption at market rents of $2,615/mo.
Which real estate strategy fits Union, NJ?
Most investors in Union, NJ run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 07083 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07083 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 07083 ranks in New York-Newark-Jersey City, NY-NJ-PA
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