Real Estate Investing in Union City, New Jersey (07087)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07087 (Union City, NJ)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
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 City, NJ (07087)?
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Market Analysis: 07087 Union City
Not every below-median market is a bargain. Union City's 07087 ZIP comes in at signals that favor experienced operators who can absorb the risk $578K pricing implies.
The investment case in 07087 is robust only for operators who understand what they are buying. A $578K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 07087 and stronger Union City ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 07087 includes headwinds that any investor should price in. Income distribution skews lower than Union City averages, and tenant stability requires active management.
Strategy in 07087 is an operator game, not a passive one. From an investor standpoint, entry prices of $578K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Union City:
Property Strategy for 07087
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $323,749 | $2,120 | 4.7% | +6.5% | $323,749 |
| 2BR | $507,139 | $2,380 | 3.4% | +6.7% | $253,569 |
| 3BR | $675,043 | $2,900 | 3.1% | +7.9% | $225,014 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07087 Compare?
| Metric | 07087 | Union City | New Jersey |
|---|---|---|---|
| Home Value | $578,487 | $578,487 | $559,826 |
| 5-Year CAGR | 6.6% | 6.6% | 8.4% |
| Avg Rent | $2,408 | $2,408 | - |
| Cap Rate | 3.3% | 3.3% | - |
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 07087 (Union City, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $578,487 |
| Monthly Rent | $2,408 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +9.0% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 Rent Trends
| 1-Year | -3.3% ▼ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +4.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 07087
Population: 66,375
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 07087
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
Frequently Asked Questions
What is the smart move for investors in Union City, NJ?
In Union City, NJ the solid play is typically careful cash-flow rentals with hands-on management. The combination of $578K prices and $2,408/mo rents suits that approach.
How strong is the working-renter base in Union City, NJ?
The renter base in Union City, NJ is reasonable for the $2,408/mo price point. Screening well and pricing to market typically yields stable tenants.
Is NJ a landlord-friendly state?
Landlord-friendliness in Union City, NJ is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the typical vacancy rate in Union City, NJ?
Occupancy in Union City, NJ runs even-keeled with elevated vacancy. Well-priced units at $2,408/mo lease on reasonable timelines.
Does house hacking make sense in Union City, NJ?
House hacking works a challenging in Union City, NJ. Rents of $2,408/mo against $578K acquisition make the strategy solid for owner-occupants.
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