07206 — Union County, New Jersey Market Snapshot
Housing market data for zip code 07206 in Union County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
28 sales in 2026 (year to date)
Median Sale Price
$682,500
Days to Sell
39
Homes Sold
28
Inventory
43
Sale-to-List
102.3%
New Listings
59
Price/SqFt
$311
Pending Sales
35
Conforming Loan Available
Most homebuyers in 07206 can comfortably use conventional financing. The median home price of $682,500 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
07206's market is balanced with homes taking an average of 39 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes in 07206 are selling 2.3% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 07206 can comfortably use conventional financing. The median home price of $682,500 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 07206 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 07206
To purchase the median home at $682,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,379.
Monthly Payment
$5,379
Income Required
$230,533
Principal & Interest
$4,205/mo
Down Payment (5%)
$34,125
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 07206.
Estimated Monthly Payment
$4,374
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