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Union City city, NJ

ZIP 07087 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07087

Median Home Value
$446,800
Median Rent
$1,352
Affordability Snapshot
$123,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,870/mo PITI).

25%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.8x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

27.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07087 in Union City city, NJ, a household would need roughly $123,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,870. That is about 88% above the local median household income ($65,369), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
20.4%-69% vs US avg
x
Vacancy Rate
6.0%-41% vs US avg
x
Broadband Access
86.2%-1% vs US avg
x
4+ Bedrooms
1.5%-90% vs US avg
x
Built Pre-1939
9.1%-29% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
28.5%-43% vs US avg
x
Mortgage-Free
37.3%-2% vs US avg
x
$446,800
Home Value
$1,352
Rent
1958
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached4.7%
  • 1-unit attached2.2%
  • 2-9 units54.6%
  • 10+ units38.4%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$446,800
Median rent$1,352
Owner-occupied20.4%
Vacant6.0%
Price-to-income6.8x
Est. income to buy$123,000