According to statistics, the population in Union City, NJ amounts to 69,815, which shows growth 1% compared to the previous year. The median age of the city’s residents is 36. The average household income is $43,424, shifting growth 2% from the past year, and the average property value in Union City, NJ growth 3% to $296,200 throughout the year.
|Number Of Employees||35,856|
|Median Property Value||$296,200|
The average household income in Union City, NJ grew from $42,483 to $43,424 in the past year. This data is an estimate based upon 23,515 households in Union City, NJ . The chart below presents how household income is distributed in Union City, NJ in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Union City, NJ shifted from $288,600 to $296,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Union City, NJ in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Union City, NJ properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Union City, NJ compared to median property taxes around the country. The prevalent amount of property taxes in Union City, NJ equals $3000, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|Studio for sale||$201,333||N/A|
|1 bed for sale||$295,937||+28.9%|
|2 bed for sale||$434,000||+15.1%|
|3 bed for sale||$666,222||+16.9%|
|4+ bed for sale||$1,103,889||+43.2%|
During Aug 2022, the average price for an apartment in/near Union City, NJ increased by 31.8% to $789,482.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 28.9% to $295,937. Asking price for 2-bed apartment also increased by 15.1% and a place of this size will now cost you $434,000. A 3-bed apartment goes for $666,222, it increased by 16.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 43.2% and made it up to $1,103,889.
|Listing Type||Aug||vs Last Month|
|Townhouses for sale||$847,200||+13.7%|
|Condos for sale||$388,419||+3.3%|
|Houses for sale||$921,368||+15.6%|
|Duplexes for sale||$1,097,919||+30%|
|Land for sale||$1,906,857||+1425.5%|
Price reports demonstrate that house price increased by 15.6% this month making it up to $921,368. Condos are really in demand in this season. The median price for a condo increased by 3.3%, it’s now available for $388,419. You can now purchase a duplex for just $1,097,919, duplex price increased by 30% this month. The property value of townhouses increased by 13.7%, you’ll have to spend around $847,200 to get one.