Union City Home Prices & Values

$282,200 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 9.7% 1-year change
  • 1.5% 1-year forecast

The median home value in Union City is $282,200. Union City home values have gone up 9.7% over the past year and Zillow predicts they will rise 1.5% within the next year. The median list price per square foot in Union City is $253, which is lower than the New York Metro average of $261. The median price of homes currently listed in Union City is $260,000 while the median price of homes that sold is $205,000.

Foreclosures will be a factor impacting home values in the next several years. In Union City 1.1 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 1.2 and also lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Union City is 27.2%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Union City homeowners underwater on their mortgage is 37.0%, which is higher than New York Metro at 14.7%.

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Relative ZHVI
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Union City Market Overview

Data through Jul 31, 2014
  • $282,200 ZHVI
  • 1.5% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $260,000 Median listing price
  • $205,000 Median sale price (Jun 30, 2014)
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Union City Market Health

Data through Jul 31, 2014
  • 3.9/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 37.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 27.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.1 homes Union City
1.2 homes New York Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Hoboken $544,100 Weehawken $533,200 Secaucus $391,900
Carlstadt $325,300 Fairview $316,600 Guttenberg $290,100
North Bergen $287,900 West New York $285,800 Jersey City $272,700

Listings & Sales

Data through Jul 31, 2014
  • $253 Median list price / sq ft
  • $168 Median sale price / sq ft (Jun 30, 2014)
  • 24.2% Listings with price cut
34.7%
Sold below listing
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Union City Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,083 Union City
$2,316 New York Metro
$1,318 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • No data Rent list price / sq ft
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