How much is a home worth in ZIP code 07081?

The typical home in 07081 is worth $710,375, based on the Zillow Home Value Index.

Are home values rising in 07081?

Home values in 07081 are up 2.4% over the past year, and up 7.1% a year over five years.

What is the typical rent in 07081?

A typical home in 07081 rents for about $2,635 a month, a gross rental yield of 4.5%.

What is the property tax rate in 07081?

The effective property tax rate in 07081 is 2.2% — roughly $15,533 a year on a typical home.

ZIP code 07081 has a population of 17,171 and a median household income of $155,906.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07081

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

Typical home value

$710,375^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.4%
5-year / yr: +7.1%
10-year / yr: +5.4%

Relative price

vs U.S.: +150.1%
vs metro: -2.6%
vs state: +24.7%

Price history

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

The typical home in 07081 is worth $710,375 — 2.6% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 2.4%. Homes here rent for a typical $2,635 a month — a 4.5% gross rental yield. The effective property tax rate is 2.2%.

#Rent & investment

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

Monthly rent: $2,635^[2]
Gross yield: 4.5%^[2]
Cap rate: 2.7%^[2]

#Property tax

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

Effective tax rate: 2.2%^[3]
Typical annual tax: $15,533^[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: 17,171^[3]
Median household income: $155,906^[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: 5
Elementary: 3
Middle: 1
High: 1

Jonathan Dayton High School
High · Grades 9–12 · Springfield Public School District
653 students
Edward V. Walton Primary School
Elementary · Grades PK–2 · Springfield Public School District
541 students
Florence M. Gaudineer Middle School
Middle · Grades 6–8 · Springfield Public School District
494 students
Thelma L. Sandmeier Elementary School
Elementary · Grades 3–5 · Springfield Public School District
275 students
James Caldwell Elementary School
Elementary · Grades 3–5 · Springfield Public School District
233 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.

Home value$Monthly rent$

Gross yield4.5%

Net yield (after ~40% expenses)2.7%

Annual rent$31,619

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$3,592

Loan principal$568,300

Down payment$142,075

Total interest paid$724,835

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio2.08

Monthly cost to own$5,480

Monthly rent$2,635

Renting is meaningfully cheaper month-to-month.

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: 74th percentile^[1]
Rental yield: 30th percentile^[2]
Property tax: 84th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07081?: The typical home in 07081 is worth $710,375, based on the Zillow Home Value Index.
Are home values rising in 07081?: Home values in 07081 are up 2.4% over the past year, and up 7.1% a year over five years.
What is the typical rent in 07081?: A typical home in 07081 rents for about $2,635 a month, a gross rental yield of 4.5%.
What is the property tax rate in 07081?: The effective property tax rate in 07081 is 2.2% — roughly $15,533 a year on a typical home.
Who lives in 07081?: ZIP code 07081 has a population of 17,171 and a median household income of $155,906.

#Comparable ZIPs

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

11433 vs 07081 →
New York, NY
Typical home
$710,597
Gross yield
5.2%
11434 vs 07081 →
New York, NY
Typical home
$708,875
Gross yield
4.6%
11411
New York, NY
Typical home
$708,746
Gross yield
—
10301
New York, NY
Typical home
$708,473
Gross yield
5.1%
10314
New York, NY
Typical home
$708,265
Gross yield
4.9%
11510
Baldwin CDP, NY
Typical home
$713,622
Gross yield
—

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#Jump to section

U.S. ZIP Code · NJ07081

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