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Union County, NJ

RANK #367 / 996  ·  POP 572,079  ·  NJ

PROJECTED GROWTH: +1.3%

Union County sits in the middle of the pack — stable but not accelerating.

[01] Why Union County?

Union County, New Jersey, distinguishes itself with towns like Cranford, often called the "Venice of New Jersey" due to its proximity to the Rahway River, offering paddle boating and scenic parks. Located in northeastern New Jersey, the county is about 20-25 miles west of New York City, making it a commuter-friendly area with various train and bus options. The community feel varies from upscale suburbs to vibrant urban centers, all while providing access to over 6,200 acres of parkland, including the 2,000-acre Watchung Reservation with hiking trails and a nature center.

Life in Union County attracts families and professionals, many of whom commute to nearby New York City or Newark. The county's public school systems are above average, with institutions like Union County Magnet High School ranking highly. The economy is diverse, with major investments in commercial and residential developments, industrial and logistics facilities, and infrastructure upgrades, including significant enhancements at Newark Liberty International Airport. Healthcare and social assistance, retail trade, and transportation and warehousing are notable employment sectors.

[02] Market Snapshot

Housing Ratio
6.3x

Above national median (4.7x)

GDP Growth
+3.1%

Above national median

Home Prices
+3.2%

Outpacing national median

Climate & Terrain
0.1

Moderate climate & terrain

Price/Rent
15x

Above national median (13x)

Housing is fairly valued at 6.3x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Union County U.S. National

The Numbers

DEMOGRAPHICS
Population
572,079
+0.02% YoY
Median Household Income
$95,000
Median Home Value
$458,000
+3.18% 12mo
Median Rent
$1,570
Average Annual Pay
$84,322
+3.3% YoY
Employment
229,010
+0.2% YoY
Income-to-Home-Value
0.2074
Near national average
Migration Inflow
2.91%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$652,500
Days on Market
38
Active market
Months of Supply
3.0
Balanced market
Sale-to-List Ratio
103.3%
Homes selling above asking
Sold Above List
63.8%
Listings w/ Price Drops
9.5%
Building Permits (2024)
1,696
Single-Family Permits
212

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$3,690M
TOTAL
PROJECT AMOUNT STATUS
Newark Liberty International Airport (EWR) Terminal A Redevelopment
Port Authority of New York and New Jersey
$2,700M Completed
Former General Motors Plant Redevelopment (Retail & Industrial/Warehousing)
Undisclosed Developers
$550M Under Construction
L'Oreal Research and Development Center
L'Oreal
$200M Under Construction
Sullivan Chevrolet Site Redevelopment (Residential & Retail) - Phase I
Undisclosed Developer
$140M Under Construction
Union Public Library
Union Township
$50M Under Construction
Community Solar Portfolio (Multiple Projects)
Various (e.g., Navisun LLC)
$50M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.1% 58 percentile
Population Growth +0.0% 31 percentile
Income Growth +8.7% 56 percentile
Vacancy Rate 1.1% 50 percentile
Home Price Change +3.2% 74 percentile
Rent Growth +2.8% 45 percentile
Price/Rent 15x 33 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Union County, NJ a good place to move to?

Union County has a Boom Town Index score of 63/100, ranking #367 among 996 U.S. counties. With job growth at +0.2% and a median household income of $95,000, it's an above-average county on economic indicators.

Is Union County affordable?

The median home value in Union County is $458,000 with median rent at $1,570/month. The income-to-home-value ratio is 0.2074, which is less affordable than the national average.

Is Union County growing or shrinking?

Population growth: +0.0% year-over-year. Job growth: +0.2%. Home values changed +3.2% in the past 12 months.

Are people moving to Union County?

Yes — 2.91% of Union County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Eddy County, NM 73 Erie County, NY 73 Warren County, NY 73 Butler County, OH 73 St. Clair County, MI 73 Sussex County, NJ 73 McKinley County, NM 73 Windsor County, VT 73