Rental numbers for Union County, NJ
The typical home here runs -$2,893 a month at 7.78% with 25% down. 0 of 18 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.0%.
- Gross yield
- 4.8%
- typical home, Zillow
- Median ZIP yield
- 5.0%
- 18 ZIPs with full data
- Cash flow
- -$2,893/mo
- at 7.78%, 25% down
- Typical price
- $634,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $2,522/mo
- Zillow ZORI, Aug 2026
ZIP codes in Union County
26 with published figures
| 07088Union | $473,000 | $2,660* | 6.7% | 2.4% | -$1,593 | n/a |
| 07063Plainfield | $494,000 | $2,370* | 5.8% | 1.2% | -$2,180 | n/a |
| 07203Roselle | $521,000 | $2,473 | 5.7% | 1.0% | -$2,379 | +2.2% |
| 07062Plainfield | $500,000 | $2,316 | 5.6% | 1.0% | -$2,261 | n/a |
| 07065Rahway | $541,000 | $2,482 | 5.5% | 0.9% | -$2,506 | +2.5% |
| 07036Linden | $545,000 | $2,495 | 5.5% | 1.1% | -$2,450 | +3.9% |
| 07202Elizabeth | $513,000 | $2,349 | 5.5% | 1.1% | -$2,282 | +7.1% |
| 07204Roselle Park | $549,000 | $2,507 | 5.5% | 1.2% | -$2,416 | n/a |
| 07201Elizabeth | $507,000 | $2,251 | 5.3% | 1.1% | -$2,249 | +0.3% |
| 07083Union | $585,000 | $2,572 | 5.3% | 1.1% | -$2,617 | +2.2% |
| 07033Kenilworth | $635,000 | $2,770* | 5.2% | 1.4% | -$2,668 | n/a |
| 07206Elizabeth | $509,000 | $2,202 | 5.2% | 1.0% | -$2,337 | +4.0% |
| 07205Hillside | $523,000 | $2,220* | 5.1% | 0.6% | -$2,565 | n/a |
| 07060Plainfield | $530,000 | $2,092 | 4.7% | 0.3% | -$2,747 | -2.5% |
| 07016Cranford | $776,000 | $3,012 | 4.7% | 1.3% | -$3,331 | +2.1% |
| 07023Fanwood | $809,000 | $3,060* | 4.5% | 1.2% | -$3,577 | n/a |
| 07081Springfield | $705,000 | $2,599 | 4.4% | 1.0% | -$3,196 | n/a |
| 07208Elizabeth | $592,000 | $2,050* | 4.2% | 0.1% | -$3,122 | n/a |
| 07922Berkeley Heights | $942,000 | $3,220 | 4.1% | 1.1% | -$4,205 | n/a |
| 07027Garwood | $696,000 | $2,300* | 4.0% | 0.3% | -$3,565 | n/a |
| 07066Clark | $726,000 | $2,350 | 3.9% | 0.5% | -$3,614 | n/a |
| 07076Scotch Plains | $849,000 | $2,615 | 3.7% | 0.6% | -$4,137 | n/a |
| 07974New Providence | $1,010,000 | $3,110 | 3.7% | 0.7% | -$4,828 | n/a |
| 07092Mountainside | $1,063,000 | $2,950* | 3.3% | 0.5% | -$5,282 | n/a |
| 07090Westfield | $1,316,000 | $3,211 | 2.9% | 0.4% | -$6,688 | +2.3% |
| 07901Summit | $1,398,000 | $3,047 | 2.6% | 0.1% | -$7,371 | +2.2% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.1%
- Rent, 12 months
- +2.7%
- Rent minus price growth
- +0.6 pts
- Property tax
- 1.89%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $495,591 | $1,967 |
| Aug 2022 | $534,275 | $2,169 |
| Aug 2023 | $563,323 | $2,278 |
| Aug 2024 | $601,131 | $2,407 |
| Aug 2025 | $620,859 | $2,456 |
| Aug 2026 | $633,876 | $2,522 |
HUD Fair Market Rent
FY2027, Newark, NJ HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,637 | $1,850 | $2,233 | $2,785 | $3,188 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 9.2
- 1,878 units, last 12 months
- National percentile
- 69th
- among US counties
Tools
Test a listing in Union County against today's rate.
Open the calculatorPart of the New York, NY metro.
Questions
- Is Union County good for rental property?
- The typical home here runs -$2,893 a month at 7.78% with 25% down. 0 of 18 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.0%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Union County?
- About 1.89% of value, from Census ACS median taxes paid over median home value. On a $634,000 home that is about $11,980 a year.
- What is Fair Market Rent in Union County?
- HUD's FY2027 Fair Market Rent here is $1,850 for a 1-bedroom, $2,233 for a 2-bedroom and $2,785 for a 3-bedroom. Typical cash flow at today's rate is -$2,893 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.