HousingHandbookReference data

U.S. ZIP Code · NJ07063

Union County · New York-Newark-Jersey City, NY-NJ

Typical home value

$486,690[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-0.3%
5-year / yr
+7.2%
10-year / yr
+9.7%

Relative price

vs U.S.
+71.3%
vs metro
-33.3%
vs state
-14.5%
ZIP 07063 location in NJ
Location of ZIP 07063 in NJ

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 07063 is worth $486,690 — 33.3% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have fallen 0.3%. The effective property tax rate is 2.3%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
2.3%[3]
Typical annual tax
$11,044[3]

#Climate risk

FEMA National Risk Index ratings for Union County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively High[4]
Riverine flood
Relatively High
Coastal flood
Relatively Moderate
Wildfire
Very Low
Drought
Very Low
Heat wave
Relatively Moderate
Hurricane
Relatively Moderate
Tornado
Relatively Moderate
Earthquake
Relatively Moderate
Winter weather
Very High

#Who lives here

Population
14,235[3]
Median household income
$93,304[3]

#Migration

Household moves in and out of Union County over a year, from IRS tax-return data.

Net migration
-1,953[5]
Moved in
15,002
Moved out
16,955

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
4
Elementary
2
Middle
0
High
1
  • Jefferson Elementary School

    Elementary · Grades PK–5 · Plainfield Public School District

    392 students

  • Clinton Elementary School

    Elementary · Grades PK–5 · Plainfield Public School District

    390 students

  • Plainfield Academy For The Arts & Advanced Studies

    High · Grades 7–12 · Plainfield Public School District

    345 students

  • The Queen City Academy Charter School

    Other · Grades K–12 · The Queen City Academy Charter School District

    300 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$2,461
Loan principal$389,352
Down payment$97,338
Total interest paid$496,597

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$3,787
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
77th percentile[1]
Rental yield
[2]
Property tax
89th percentile[3]

Frequently asked

How much is a home worth in ZIP code 07063?
The typical home in 07063 is worth $486,690, based on the Zillow Home Value Index.
Are home values rising in 07063?
Home values in 07063 are down 0.3% over the past year, and up 7.2% a year over five years.
What is the property tax rate in 07063?
The effective property tax rate in 07063 is 2.3% — roughly $11,044 a year on a typical home.
Who lives in 07063?
ZIP code 07063 has a population of 14,235 and a median household income of $93,304.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Riverdale, NJ

    Typical home
    $486,534
    Gross yield
    7.3%
  • Macopin CDP, NJ

    Typical home
    $486,336
    Gross yield
  • East Orange, NJ

    Typical home
    $487,688
    Gross yield
    5.2%
  • Netcong, NJ

    Typical home
    $484,462
    Gross yield
  • Elizabeth, NJ

    Typical home
    $488,924
    Gross yield
    5.8%
  • Newark, NJ

    Typical home
    $489,838
    Gross yield
    5.1%

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