Union, NJ Real Estate
According to census data in the year 2000 there were 20,001 housing units in Union.
This represents a 3.4% growth from 19,334 in 1990.
Of those housing units, 20,001 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Union is about 76.5%.
Union's vacancy rate, including seasonal lodging, is about 2.3%.
Average household size is 2.71 people.
The majority of houses, apartments or condos in Union were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 12.70% |
| Two Bedrooms | 22.90% |
| Three Bedrooms | 47.10% |
| Four Bedrooms | 14.80% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.87 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $172,900 |
| Median Price asked for vacant units | $172,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.21 |
| Median year structure was built | 1957 |
| Median Monthly Rent asked for vacant units | $698 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 6% |
| Home Equity Loan | 9.50% |
| Simple Mortgage | 47.70% |
| Debt Free | 36.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.7% |
