The Union County market
Union is a dense inner-ring county where small income property and high-value detached housing sit within a few miles of each other.
Elizabeth, Plainfield, Roselle and Linden hold substantial two and three-family stock. For purchase lending those are valued on rents in place and lease terms alongside sales of similar buildings, and lenders generally expect the income analysis in the file rather than a sales comparison on its own.
Westfield, Summit, Cranford and Mountainside price on entirely different terms — detached housing, school district, and walking distance to a Midtown Direct station.
The county’s boundaries are tight enough that a single street can separate two tax rates and two school districts, and buyers price that difference. Where sales show it, it is adjusted; where they do not, it is left alone rather than assumed.
Around Newark Airport the noise contours are not uniform, and their effect comes from comparing sales inside and outside the affected areas rather than from a blanket deduction.
Municipalities served in Union County
Elizabeth · Union · Plainfield · Linden · Rahway · Westfield · Cranford · Summit · Roselle · Hillside · Clark · Scotch Plains · Fanwood · New Providence · Berkeley Heights · Garwood · Kenilworth · Mountainside · Springfield · Roselle Park · Winfield