Real Estate Investing in Union, New Jersey (07088)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07088 (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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Union, NJ (07088)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07088 Union
Investors eyeing 07088 need to respect the fundamentals at play. Home values of $475K come alongside slower price movement and elevated management overhead.
For an experienced owner, 07088 can be a a viable market for hunting ground — but the discount at $475K reflects genuine risk that outside investors often underestimate.
Within NJ, ZIP 07088 trails on several market indicators that neighboring Union County submarkets outperform. The gap is real and substantial enough to shape underwriting.
The demographic picture in 07088 includes headwinds that any investor should price in. Income distribution skews lower than Union averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 07088 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Union:
Market Trends
Home Value History (with trend line)
📊 How Does 07088 Compare?
| Metric | 07088 | Union | New Jersey |
|---|---|---|---|
| Home Value | $474,664 | $530,323 | $559,826 |
| 5-Year CAGR | 3.0% | 4.2% | 8.4% |
| Avg Rent | $2,394 | $2,504 | - |
| Cap Rate | 3.9% | 3.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07088 (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 | $474,664 |
| Monthly Rent | $2,394 |
| Price-to-Rent | 16.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 3.9% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | -1.6% ▼ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). 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 07088
Population: 3,083
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 07088
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Battle Hill Elementary
Berkeley Terrace Elementary School
Clinton Elementary School
Connecticut Farms Elementary
David Brearley Middle/High School
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
Is real estate in Union, NJ a good investment right now?
Yes - Union, NJ a 3.0/5 investability score. With $475K home prices against $2,394/mo monthly rent, the market delivers a reasonable entry point for new investors.
How do experienced investors play Union, NJ?
In Union, NJ the notable play is typically careful cash-flow rentals with hands-on management. The combination of $475K prices and $2,394/mo rents suits that approach.
Should investors worry about vacancy in Union, NJ?
Rental vacancy in Union, NJ is elevated. Investors should budget normal turnover but not chronic empty units.
Is housing expensive in Union, NJ?
In Union, NJ the median home value sits at $475K. Against the broader NJ market, that reads as reasonable for most investors.
Does a duplex house hack pencil in Union, NJ?
Union, NJ offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,394/mo rent level.
You know 07088 now. You don’t know where it ranks.
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How 07088 ranks in New York-Newark-Jersey City, NY-NJ-PA
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