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Union Township

Learn about the people, housing, costs and businesses in Union Township, New Jersey

Median Home$260,914
Median Rent$1,195/month
Population10,719
Leading IndustriesRetail · Transportation · Professional Services16% retail
Home Value Growth⬆⬆⬆+26.2% over 2 years
Young Adults37% of residentstop 3% nationally
Homeowners87% of occupied units
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
Union Township
NJ

Frequently Asked Questions

What are today's mortgage rates in Union Township?

As of today, the 30-year fixed mortgage rate for Union Township is approximately 6.855% (6.890% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Union Township?

The median home value in Union Township is $261k. The median monthly rent is $1,195. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Union Township?

Home values in Union Township have increased 26.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Union Township?

Based on a typical all-in ownership cost of $1,369/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Union Township is $90k/year.

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What industries drive the economy in Union Township?

The largest employment sectors in Union Township are public administration (24%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.