07203 — Union County, New Jersey Market Snapshot
Housing market data for zip code 07203 in Union County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
38 sales in 2026 (year to date)
Median Sale Price
$565,000
Days to Sell
46
Homes Sold
38
Inventory
36
Sale-to-List
102.7%
New Listings
57
Price/SqFt
$404
Pending Sales
50
Conforming Loan Available
Most homebuyers in 07203 can comfortably use conventional financing. The median home price of $565,000 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
07203's market is balanced with homes taking an average of 46 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes in 07203 are selling 2.7% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 07203 can comfortably use conventional financing. The median home price of $565,000 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 07203 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 07203
To purchase the median home at $565,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,479.
Monthly Payment
$4,479
Income Required
$191,951
Principal & Interest
$3,481/mo
Down Payment (5%)
$28,250
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 07203.
Estimated Monthly Payment
$3,647
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 07203. Tell us what you're looking for.