The story of this market
The typical home in ZIP 07062 sells for about $579,900, or $302 per square foot.
Prices are up +10.5% from a year ago, so sellers still have some momentum. Homes take about 36 days to sell. HUD's fair market rent for a two-bedroom is $1,881 a month.
ZIP 07062 — Plainfield
The housing market in 07062 is showing signs of steady appreciation, driven by its relative affordability and transit connectivity to New York City. While inventory remains tight, demand from commuters and families continues to support price growth. The market is currently characterized by a competitive environment with homes selling relatively quickly.
This ZIP is well-suited for commuters seeking transit access to NYC and families looking for more affordable housing options compared to the immediate New York City suburbs.
Median prices moved up 10.5% year over year.
Homes spend a median of 36 days on market with 2.0 months of supply — a fast-moving market.
8% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.4% · poverty 10.6% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 07062, Union County NJ
Crime rates in the Plainfield area are generally higher than the national average, with property crime being the most frequently reported incident type.
Public schools serving the area are part of the Plainfield Public School District, which faces ongoing challenges regarding academic performance and resource allocation.
The area is subject to standard regional flood risks associated with the Raritan River basin and requires standard homeowners insurance coverage for wind and storm events.
Economic momentum is driven by proximity to the New York City metropolitan employment core and ongoing revitalization efforts in downtown Plainfield.
Property taxes in this jurisdiction are among the highest in the nation, driven by local school district funding requirements and municipal service costs.
Residents benefit from direct NJ Transit rail access to New York Penn Station, making it a viable option for commuters working in Manhattan.
The area features several local parks and community centers, with proximity to larger regional greenbelts and shopping districts in neighboring towns.
The rental market is characterized by high demand and low vacancy rates, driven by the area's affordability relative to more expensive northern New Jersey suburbs.
The local economy is supported by healthcare, education, and retail sectors, with many residents commuting to larger employment hubs in the New York-Newark-Jersey City MSA.
The area is served by NJ Transit rail and bus lines, providing critical connectivity to the broader New York City metropolitan area.
Development is focused on transit-oriented residential projects near the Plainfield train station to encourage sustainable growth.
Parcels are subject to municipal, county, and school district taxes, with no significant MUD/PID presence.
Property insurance premiums are stable but reflect the regional risk profile for storm-related damage.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Supercharged Entertainment4.87.8 mi
- The Funplex4.312.5 mi
- Sky Zone Trampoline Park4.26 mi
- Dave & Buster's Wayne4.119.4 mi
- Dave & Buster's Woodbridge - Middlesex4.27.3 mi
- Prudential Center4.513.9 mi
- Sports Illustrated Stadium4.515 mi
- Topgolf Edison4.37.8 mi
- Supercharged Entertainment4.87.8 mi
- Medieval Times Dinner & Tournament4.719.6 mi
- Essex County Turtle Back Zoo4.611.4 mi
- The Funplex4.312.5 mi
- AMC New Brunswick 183.89.8 mi
- AMC Jersey Gardens 204.112.3 mi
- Sky Zone Trampoline Park4.26 mi
- Statue of Liberty4.719.1 mi
- Liberty Science Center4.518.9 mi
- Snug Harbor Cultural Center & Botanical Garden4.515.6 mi
- The Newark Museum of Art4.614.3 mi
- Ellis Island National Museum of Immigration4.719.5 mi
- Rahway Train Station Plaza4.36.7 mi
- Warinanco Park4.68.5 mi
- Hemlock Falls4.610.1 mi
- South Mountain Reservation4.710.3 mi
- Colonial Park4.711.9 mi
- Topgolf Edison4.37.8 mi
- Galloping Hill Golf Course4.47.5 mi
- Baltusrol Golf Club4.76.4 mi
- Rock Spring Golf Club4.211.9 mi
- The Club at Woodbridge3.97.9 mi
- The Mills at Jersey Gardens4.512.1 mi
- Menlo Park Mall4.46.6 mi
- The Mall at Short Hills4.57.8 mi
- Staten Island Mall4.412.7 mi
- Bridgewater Commons4.411.9 mi
- Newark Liberty International Airport3.712.4 mi
- LaGuardia Airport4.129.3 mi
- Teterboro Airport4.423.7 mi
- Chico Express3.920.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large historic park featuring gardens and recreational facilities.
A central community resource and historic landmark.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.