Union County
New Jersey · Pop. 575,345
Ranked #165 of 200 counties
30Crisis
Median Home Price
🏠$480K
3.5% YoY
Median Rent
🔑$1,800
Median Income
💰$78K
Rent Burden
📊31.5%
% of income to rent
Housing Shortage
🏗️3,000
estimated unit deficit
Building Permits (2024)
📋1,800
Price-to-Income Ratio
⚖️6.2x
Homeownership Rate
🏡54.0%
How Union County Compares
| Metric | Union County | New Jersey | National |
|---|---|---|---|
| Home Price | $480K | $461K | $410K |
| Rent | $1,800 | $1,667 | $1,500 |
| Income | $78K | $100K | $75K |
| Rent Burden | 31.5% | 36.0% | 30.0% |
| Homeownership | 54.0% | 64.0% | 65.0% |
Key Takeaways
- • Home prices are 17% above the national average.
- • Rent is 20% above the national average.
- • The county has an estimated housing shortage of 3,000 units.
- • 1,800 building permits were issued in 2024.
- • Year-over-year home prices changed by 3.5%.