How much is a home worth in ZIP code 07202?

The typical home in 07202 is worth $498,394, based on the Zillow Home Value Index.

Are home values rising in 07202?

Home values in 07202 are up 0.8% over the past year, and up 8.4% a year over five years.

What is the typical rent in 07202?

A typical home in 07202 rents for about $2,172 a month, a gross rental yield of 5.2%.

What is the property tax rate in 07202?

The effective property tax rate in 07202 is 2.3% — roughly $11,676 a year on a typical home.

ZIP code 07202 has a population of 44,968 and a median household income of $71,250.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07202

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

Typical home value

$498,394^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.8%
5-year / yr: +8.4%
10-year / yr: +10.3%

Relative price

vs U.S.: +75.4%
vs metro: -31.7%
vs state: -12.5%

Price history

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

The typical home in 07202 is worth $498,394 — 31.7% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 0.8%. Homes here rent for a typical $2,172 a month — a 5.2% gross rental yield. 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: $2,172^[2]
Gross yield: 5.2%^[2]
Cap rate: 3.1%^[2]

#Property tax

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

Effective tax rate: 2.3%^[3]
Typical annual tax: $11,676^[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: 44,968^[3]
Median household income: $71,250^[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: 14
Elementary: 6
Middle: 1
High: 6

John E. Dwyer Technology Academy
High · Grades 9–12 · Elizabeth Public Schools
1,404 students
Admiral William F. Halsey Jr. Health & Public Safety Academy
High · Grades 9–12 · Elizabeth Public Schools
1,291 students
Elizabeth High School - Frank J Cicarell Academy
High · Grades 9–12 · Elizabeth Public Schools
1,291 students
William F. Halloran School No.22
Middle · Grades 2–8 · Elizabeth Public Schools
1,145 students
Thomas A. Edison Career and Technical Academy
High · Grades 9–12 · Elizabeth Public Schools
816 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 yield5.2%

Net yield (after ~40% expenses)3.1%

Annual rent$26,069

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$2,520

Loan principal$398,715

Down payment$99,679

Total interest paid$508,539

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$3,907

Monthly rent$2,172

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: 92nd percentile^[1]
Rental yield: 60th percentile^[2]
Property tax: 94th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07202?: The typical home in 07202 is worth $498,394, based on the Zillow Home Value Index.
Are home values rising in 07202?: Home values in 07202 are up 0.8% over the past year, and up 8.4% a year over five years.
What is the typical rent in 07202?: A typical home in 07202 rents for about $2,172 a month, a gross rental yield of 5.2%.
What is the property tax rate in 07202?: The effective property tax rate in 07202 is 2.3% — roughly $11,676 a year on a typical home.
Who lives in 07202?: ZIP code 07202 has a population of 44,968 and a median household income of $71,250.

#Comparable ZIPs

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

07803 vs 07202 →
NJ
Typical home
$498,385
Gross yield
—
10931 vs 07202 →
Hillburn, NY
Typical home
$496,776
Gross yield
—
08555
Roosevelt, NJ
Typical home
$496,607
Gross yield
—
10596
Verplanck CDP, NY
Typical home
$500,291
Gross yield
—
07062
Plainfield, NJ
Typical home
$496,042
Gross yield
—
08005
Barnegat CDP, NJ
Typical home
$495,875
Gross yield
6.2%

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#Jump to section

U.S. ZIP Code · NJ07202

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