Home Values

Union County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$286,900

  • -2.4% 1-year change
  • -1.8% 1-year forecast

The median home value in Union County is $286,900. Union County home values have declined -2.4% over the past year and Zillow predicts they will fall -1.8% within the next year. The median rent price in Union County is $1,700, which is lower than the New York Metro median of $2,500.

Foreclosures will be a factor impacting home values in the next several years. In Union County 3.8 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.9 and also the same as the national value of 3.8

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 County is 20.6%, which is higher than the national value of 6.0%. 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 County homeowners underwater on their mortgage is 19.9%, which is higher than New York Metro at 12.4%.

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Relative ZHVI
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Union County Market Overview

Data through Jun 30, 2015
  • $286,900 ZHVI
  • -1.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jun 30, 2016)
  • No data Median listing price
  • $325,500 Median sale price
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Union County Market Health

Data through Jun 30, 2015
  • 1.0/10 Less healthy
    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.
  • 114 Average days on Zillow (May 31, 2015)
  • 19.9% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 20.6% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

4 Union County
2 New York Metro
4 United States
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Cities in Union County

Name Median ZHVI
Westfield $671,000
Cranford $410,700
Springfield $369,900
Name Median ZHVI
Clark $369,400
Garwood $332,600
Kenilworth $315,700
Name Median ZHVI
Roselle Park $242,500
Winfield Township $199,400
Roselle $155,100

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $220 Median sale price / sq ft
  • No data Listings with price cut
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Union County Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $2,025 Union County
    $2,340 New York Metro
    $1,369 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $1,700 Rent list price
  • $1.71 Rent list price / sq ft
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