How much is a home worth in ZIP code 07087?

The typical home in 07087 is worth $560,912, based on the Zillow Home Value Index.

Are home values rising in 07087?

Home values in 07087 are up 6.4% over the past year, and up 7.3% a year over five years.

What is the typical rent in 07087?

A typical home in 07087 rents for about $2,353 a month, a gross rental yield of 5.0%.

What is the property tax rate in 07087?

The effective property tax rate in 07087 is 2.0% — roughly $11,273 a year on a typical home.

ZIP code 07087 has a population of 66,463 and a median household income of $64,310.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07087

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

Typical home value

$560,912^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +6.4%
5-year / yr: +7.3%
10-year / yr: +8.1%

Relative price

vs U.S.: +97.5%
vs metro: -23.1%
vs state: -1.5%

Price history

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

The typical home in 07087 is worth $560,912 — 23.1% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 6.4%. Homes here rent for a typical $2,353 a month — a 5.0% gross rental yield. The effective property tax rate is 2.0%.

#Rent & investment

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

Monthly rent: $2,353^[2]
Gross yield: 5.0%^[2]
Cap rate: 3.0%^[2]

#Property tax

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

Effective tax rate: 2.0%^[3]
Typical annual tax: $11,273^[3]

#Climate risk

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

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

#Who lives here

Population: 66,463^[3]
Median household income: $64,310^[3]

#Migration

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

Net migration: -1,142^[5]
Moved in: 29,898
Moved out: 31,040

Schools

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

Public schools: 14
Elementary: 10
Middle: 2
High: 2

Union City High School
High · Grades 9–12 · Union City School District
3,089 students
Emerson Middle School
Middle · Grades 6–8 · Union City School District
1,023 students
Robert Waters Elementary School
Elementary · Grades PK–6 · Union City School District
1,019 students
Union Hill Middle School
Middle · Grades 7–8 · Union City School District
902 students
Theodore Roosevelt Elementary School
Elementary · Grades K–6 · Union City School District
881 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 yield5.0%

Net yield (after ~40% expenses)3.0%

Annual rent$28,240

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$2,836

Loan principal$448,729

Down payment$112,182

Total interest paid$572,330

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 ratio1.80

Monthly cost to own$4,243

Monthly rent$2,353

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: 78th percentile^[1]
Rental yield: 51st percentile^[2]
Property tax: 71st percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

5th for most populous in NJView list →

Frequently asked

How much is a home worth in ZIP code 07087?: The typical home in 07087 is worth $560,912, based on the Zillow Home Value Index.
Are home values rising in 07087?: Home values in 07087 are up 6.4% over the past year, and up 7.3% a year over five years.
What is the typical rent in 07087?: A typical home in 07087 rents for about $2,353 a month, a gross rental yield of 5.0%.
What is the property tax rate in 07087?: The effective property tax rate in 07087 is 2.0% — roughly $11,273 a year on a typical home.
Who lives in 07087?: ZIP code 07087 has a population of 66,463 and a median household income of $64,310.

#Comparable ZIPs

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

07828 vs 07087 →
Budd Lake CDP, NJ
Typical home
$560,422
Gross yield
4.9%
08533 vs 07087 →
New Egypt CDP, NJ
Typical home
$561,406
Gross yield
—
08884
Spotswood, NJ
Typical home
$561,901
Gross yield
—
11798
Wyandanch CDP, NY
Typical home
$562,494
Gross yield
—
10550
Mount Vernon, NY
Typical home
$562,553
Gross yield
5.3%
08817
Rutgers University-Livingston Campus CDP, NJ
Typical home
$559,140
Gross yield
5.5%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 07087 against any other ZIP — full side-by-side table.

Compare 07087 →

#Jump to section

U.S. ZIP Code · NJ07087

Get more data on ZIPs like this

Get more data on ZIPs like this