How much is a home worth in ZIP code 07205?

The typical home in 07205 is worth $508,587, based on the Zillow Home Value Index.

Are home values rising in 07205?

Home values in 07205 are down 1.0% over the past year, and up 7.0% a year over five years.

What is the typical rent in 07205?

A typical home in 07205 rents for about $3,283 a month, a gross rental yield of 7.7%.

What is the property tax rate in 07205?

The effective property tax rate in 07205 is 2.6% — roughly $13,121 a year on a typical home.

ZIP code 07205 has a population of 22,349 and a median household income of $99,528.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07205

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

Typical home value

$508,587^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.0%
5-year / yr: +7.0%
10-year / yr: +9.4%

Relative price

vs U.S.: +79.0%
vs metro: -30.3%
vs state: -10.7%

Price history

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

The typical home in 07205 is worth $508,587 — 30.3% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have fallen 1.0%. Homes here rent for a typical $3,283 a month — a 7.7% gross rental yield. The effective property tax rate is 2.6%.

#Rent & investment

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

Monthly rent: $3,283^[2]
Gross yield: 7.7%^[2]
Cap rate: 4.6%^[2]

#Property tax

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

Effective tax rate: 2.6%^[3]
Typical annual tax: $13,121^[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: 22,349^[3]
Median household income: $99,528^[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: 7
Elementary: 4
Middle: 2
High: 1

Hillside High School
High · Grades 9–12 · Hillside Public School District
927 students
Abram P. Morris Early Childhood Center
Elementary · Grades PK–1 · Hillside Public School District
664 students
Ola Edwards Community School
Elementary · Grades 2–6 · Hillside Public School District
394 students
Hurden Looker School
Elementary · Grades 2–6 · Hillside Public School District
393 students
Walter O. Krumbiegel Middle School
Middle · Grades 7–8 · Hillside Public School District
309 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 yield7.7%

Net yield (after ~40% expenses)4.6%

Annual rent$39,398

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$2,572

Loan principal$406,869

Down payment$101,717

Total interest paid$518,939

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 ratio1.25

Monthly cost to own$4,089

Monthly rent$3,283

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: 71st percentile^[1]
Rental yield: 96th percentile^[2]
Property tax: 98th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07205?: The typical home in 07205 is worth $508,587, based on the Zillow Home Value Index.
Are home values rising in 07205?: Home values in 07205 are down 1.0% over the past year, and up 7.0% a year over five years.
What is the typical rent in 07205?: A typical home in 07205 rents for about $3,283 a month, a gross rental yield of 7.7%.
What is the property tax rate in 07205?: The effective property tax rate in 07205 is 2.6% — roughly $13,121 a year on a typical home.
Who lives in 07205?: ZIP code 07205 has a population of 22,349 and a median household income of $99,528.

#Comparable ZIPs

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

07735 vs 07205 →
Union Beach, NJ
Typical home
$508,694
Gross yield
6.1%
07203 vs 07205 →
Roselle, NJ
Typical home
$509,929
Gross yield
5.8%
07847
Kenvil CDP, NJ
Typical home
$506,388
Gross yield
—
08724
Allenwood CDP, NJ
Typical home
$511,164
Gross yield
6.6%
11367
New York, NY
Typical home
$505,935
Gross yield
5.9%
07107
Newark, NJ
Typical home
$512,442
Gross yield
4.6%

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#Jump to section

U.S. ZIP Code · NJ07205

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