New York-Newark-Jersey City, NY-NJ-PA · New Jersey

Union County

ZIP 07208

572,549 residents1,616 permits TTM$100,117 median HHI26 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$488,800

ACS 5-Year

Cap rate proxy

5.7%

FMR × 0.65 ÷ Home Value

Rent-to-income

19.9%

HUD FMR ÷ ACS HHI

Net migration

+2.27%

IRS SOI

Permits (TTM)

1,616

Census BPS

Climate risk

95.5

FEMA NRI (0–100)

ZIP 07208

Median home value

Gross yield

Buy Box score

0.4

Section 8 gap

Affordability

P/I: 5.7R/I: 30.0%

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown26 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
072050.9
070880.8
070630.7
070620.7
072040.6
072010.6
072030.6
070650.5
072060.5
070360.5
072020.5
070330.4
070830.4
072080.4
070600.4
070270.4
070660.3
070230.2
070760.2
070160.2
070810.2
079220.1
070920.1
079740.1
070900.0
079010.0

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Demographics

Owner-occupied

57.6%

Census ACS

Vacancy rate

4.5%

Census ACS

Bachelor's degree +

38.6%

Census ACS

Rent burdened

48.8%

Census ACS (>30% income)

Median age

39.1

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026