07081 — Union County, New Jersey Market Snapshot
Housing market data for zip code 07081 in Union County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
32 sales in 2026 (year to date)
Median Sale Price
$626,000
Days to Sell
20
Homes Sold
32
Inventory
22
Sale-to-List
100.9%
New Listings
57
Price/SqFt
$401
Pending Sales
45
Conforming Loan Available
Most homebuyers in 07081 can comfortably use conventional financing. The median home price of $626,000 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 07081 are moving quickly at 20 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 07081 (100.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 07081 can comfortably use conventional financing. The median home price of $626,000 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 07081 are set at the county level.
2026 Loan Limits — Union County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,209,750 | $1,249,125 |
| 2 Units | $1,548,975 | $1,599,375 |
| 3 Units | $1,872,225 | $1,933,200 |
| 4 Units | $2,326,875 | $2,402,625 |
Affordability Snapshot — Zip 07081
To purchase the median home at $626,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,946.
Monthly Payment
$4,946
Income Required
$211,980
Principal & Interest
$3,857/mo
Down Payment (5%)
$31,300
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 07081.
Estimated Monthly Payment
$4,024
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