Living in Union, NJ
Union, NJ, is a thriving township with a unique blend of suburban amenities and urban access. Known for its rich history and diverse community, Union offers excellent schools, plenty of parks, and convenient transportation options. It's a great place for families and young professionals looking for a community that values education and recreation.
Current Market Conditions in Union, NJ
The real estate market in Union, NJ, has shown consistent growth over the past few years, with an increase in property values reflecting the demand for homes in this desirable area. Investors can expect a mix of single-family homes, townhouses, and multi-family dwellings, with trends suggesting continued growth due to the area's appeal and location.
With various new developments and renovations taking place, the market is poised for further expansion. Rental properties are also in high demand, making it an attractive opportunity for investors looking to enter the residential rental market.
Home Value Estimator For Union, NJ
There are currently 15,377 real estate properties
in Union, NJ,
with a median automated valuation model (AVM) price
of $371,776.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Union, NJ, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Union, NJ,
is $404,388.00, with the most expensive house
in Union, NJ, topping out
at $13,586,594.00 and the cheapest home
in Union, NJ,
clocking in at $50,274.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Union, NJ!
Rent Prices
In Union, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Union, NJ, is on
a rollercoaster ride. The
average rent price in Union, NJ,
is $2,149.00. Indeed, when looking to rent in
Union, NJ, you can expect to pay as little
as $1,190.00 or as much
as $3,200.00,
with the average rent median estimated to
be $2,050.00. The good news is that finding
an affordable and desirable property to rent in Union, NJ
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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