In Fanwood, a typical home is worth $635,200 and typical rent is $2,446 a month. Compared with all of Union County, typical household income is 89% higher, typical rent is 41% higher, and the share of households that own their home is 28 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $586,673 to $802,641.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Fanwood is in Union County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Union County. See the county
What this place has that others do not, from public data, most unusual first.
1
85% of households in Fanwood own their home, against 57% in Union County.
2
The typical household income in Fanwood is $195,529,89% more than in Union County as a whole ($103,202).
3
Nearby, in North Plainfield, the typical home value is $374,700: 41% less than in Fanwood ($635,200).
4
The typical rent in Fanwood is $2,446 a month, 41% more than in Union County as a whole ($1,730).
5
Nearby, in North Plainfield, the typical rent is $1,752: 28% less than in Fanwood ($2,446).
6
The typical home in Fanwood is worth $635,200,20% more than in Union County as a whole ($529,200).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Fanwood
What homes there are in Fanwood, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Fanwood
Union County
New Jersey
United States
Kind of home: Fanwood and its comparisons
Measure
Fanwood
Union County
New Jersey
United States
Detached house
83%
50%
53%
61%
Attached house
Unreliable estimate
5%
10%
6%
Building of 2 to 4
Unreliable estimate
25%
15%
8%
Apartments (5 or more)
Unreliable estimate
20%
22%
19%
Mobile home
Unreliable estimate
0%
1%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Fanwood, 8 in 10 homes are single-family detached houses; in Union County, 5.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Fanwood
Union County
New Jersey
United States
Year built: Fanwood and its comparisons
Measure
Fanwood
Union County
New Jersey
United States
Before 1960
72%
58%
38%
26%
1960–1979
12%
20%
25%
24%
1980–1999
Unreliable estimate
9%
21%
25%
2000–2009
Unreliable estimate
6%
9%
14%
2010 or later
9%
7%
7%
11%
In Fanwood, half of the homes were built before 1954; in Union County, before 1956.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300KUnreliable
$300K–$500K19%
$500K–$750K51%
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Fanwood and its comparisons
Measure
Fanwood
Under $100K
Unreliable estimate
$100K–$200K
Unreliable
$200K–$300K
Unreliable estimate
$300K–$500K
19%
$500K–$750K
51%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or more40%
Monthly rent with utilities: Fanwood and its comparisons
Measure
Fanwood
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
40%
With a mortgage
$3,708 a month
Union County: $3,203 a month
Owners with a mortgage
69%
Union County: 67%
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Fanwood+36%
Union County+44%
New Jersey+35%
United States+53%
Typical rent
FanwoodNo clear change
Union County+34%
New Jersey+29%
United States+33%
Typical household income
FanwoodNo clear change
Union County+29%
New Jersey+26%
United States+29%
Change since 2015–2019: Fanwood and its comparisons
Measure
Fanwood
Union County
New Jersey
United States
Typical home value
+36%
+44%
+35%
+53%
Typical rent
No clear change
+34%
+29%
+33%
Typical household income
No clear change
+29%
+26%
+29%
The typical home value in Fanwood rose 36% since 2015–2019, less than in Union County (44%).
Rent in Fanwood moved so little since 2015–2019 that the Census cannot say whether it rose or fell.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Fanwood and its comparisons
Measure
Fanwood
Union County
New Jersey
United States
Rental vacancy
Unreliable estimate
3.1%
3.5%
5.5%
Homeowner vacancy
Unreliable estimate
1.0%
0.7%
0.9%
More than one person per room
Unreliable estimate
5.8%
4.0%
3.4%
People per household
2.74
2.82
2.62
2.53
Drive alone
62%
61%
62%
69%
Carpool
Unreliable estimate
9%
8%
9%
Public transit
10%
9%
8%
3%
Walk or bike
Unreliable estimate
3%
3%
3%
Work from home
26%
14%
17%
15%
Other means
Unreliable estimate
4%
2%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
A household in Fanwood has 2.74 people on average, about the same as in Union County (2.82).
Many people here do not commute at all: 26% work from home; in Union County, 14%.
Do the math
What would you pay each month for a home in Fanwood?
A typical home is tight for the typical income
We start with a typical home in Fanwood, worth $635,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 34% of the typical household income in Fanwood, which is $195,529 a year. For that payment to be 28% of income, a household would need to earn about $240,077 a year.
The calculator's FHA and conventional loan limits are those of all of Union County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Fanwood. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $22,232 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$5,602
at 7.18% · 30 years
Loan amount
$623,695
Total interest
$897,351
Paid off in
November 2056
Includes $10,727 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $4,562 a month
Tight
$4,562 to $5,866 a month
Your payment · 34%
Hard
more than $5,866 a month
Compared with the typical household income in Fanwood ($195,529 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$4,225
Property tax
$831
Home insurance
$265
FHA mortgage insurance (MIP)
$281
You need at least $22,232 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $5,602; principal and interest $4,225.
The city and its county
Fanwood and Union County
Fanwood is in Union County, New Jersey. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Fanwood
Map of Union County, New Jersey, with Fanwood marked. Around it, the neighboring counties.
Fanwood
Union County
Other cities with a page
Fanwood's own numbers
Typical home value
$635,200
Typical monthly rent
$2,446
Typical yearly household income
$195,529
Households that own their home
85%
Effective property tax rate
1.57%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Union County
FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,209,750
HUD fair market rent, 2 bedrooms
$2,233
Price change over 5 years (FHFA)
+58%
Homes in a high flood-risk zone
3.9%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Union County.
A typical home in Fanwood is worth $635,200: 20% above the county and 40% above New Jersey. With the typical household income in Fanwood ($195,529 a year), a typical home costs 3.2 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Fanwood3.2 years
Union5.1 years
New Jersey4.4 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Union County
According to FHFA’s house price index, home prices in Union County rose 84% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Union County.
Yearly change in FHFA’s price index in Union County, 2016 to 2025
2016: +2.7% +2.7% 2016
2017: +2.2% +2.2% 2017
2018: +3.5% +3.5% 2018
2019: +4.0% +4.0% 2019
2020: +3.1% +3.1% 2020
2021: +9.9% +9.9% 2021
2022: +13.4% +13.4% 2022
2023: +10.1% +10.1% 2023
2024: +9.1% +9.1% 2024
2025: +5.5% +5.5% 2025
Change in FHFA’s price index in Union County, New Jersey and the United States
Period
County
New Jersey
U.S.
Last year (2025)
+5.5%
+6.2%
+2.9%
5 years (2020–2025)
+58%
+63%
+47%
10 years (2015–2025)
+84%
+88%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Fanwood next to Union County, New Jersey and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Fanwood$635,200
Union$529,200
New Jersey$454,400
United States$332,700
Typical monthly rent
Fanwood$2,446
Union$1,730
New Jersey$1,720
United States$1,413
Typical yearly household income
Fanwood$195,529
Union$103,202
New Jersey$103,556
United States$80,734
See the full table
Fanwood next to Union County and New Jersey
Measure
Fanwood
Union County
New Jersey
U.S.
Typical home value
$635,200 ▲20% above the county
$529,200
$454,400
$332,700
Typical monthly rent
$2,446 ▲41% above the county
$1,730
$1,720
$1,413
Typical yearly household income
$195,529 ▲89% above the county
$103,202
$103,556
$80,734
Households that own their home
85% ▲28 points above the county
57%
64%
65%
Typical yearly property tax
$10,001
$10,001
$9,590
$3,119
Effective property tax rate
1.57% ▼0.32 points below the county
1.89%
2.11%
0.94%
Renters with high rent for their income
55% ▲3 points above the county
51%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Union County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Fanwood
For a typical $635,200 home in Fanwood, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Fanwood's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$5,602a month
Least cash to close
Down payment
$22,232
Cash to close
$41,288
Rate
7.18%
Mortgage insurance
FHA MIP · $281
Conventional, 5% down$5,485a month
Down payment
$31,760
Cash to close
$50,816
Rate
7.18%
Mortgage insurance
PMI · $302
Conventional, 20% down, no PMI$4,538a month
Down payment
$127,040
Cash to close
$146,096
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$5,125a month
Down payment
$95,280
Cash to close
$114,336
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Fanwood
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$5,602
$22,232
$623,695
7.18%
FHA MIP · $281
$41,288
580
Conventional, 5% down
$5,485
$31,760
$603,440
7.18%
PMI · $302
$50,816
620*
Conventional, 20% down, no PMI
$4,538
$127,040
$508,160
7.18%
None
$146,096
620*
ITIN, 15% down (example)
$5,125
$95,280
$539,920
8.18%
None
$114,336
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Fanwood is $2,446 a month: 41% above the county. In Fanwood, 55% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Union County, by unit size. To pay the 2-bedroom one ($2,233 a month) without spending more than 30% of your income, you would need to earn $42.94 an hour working full time.
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 2 HUD-approved agencies with an office in Union County; none says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Fanwood or Union County. The ones below are statewide in New Jersey: they work in Fanwood the same as in the rest of the state.
NJHMFA second loan with no interest, forgiven after five years, for first-time buyers in New Jersey.Offered by New Jersey Housing and Mortgage Finance Agency (NJHMFA).
Extra NJHMFA assistance for first-time buyers whose parents have never owned a home (or who were in foster care in New Jersey).Offered by New Jersey Housing and Mortgage Finance Agency (NJHMFA).
No legal help resource on our list is for Fanwood or Union County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Fanwood and all of Union County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Fanwood?
The typical home value in Fanwood is $635,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Union County it is $529,200.
How much does it cost to rent in Fanwood?
Typical rent in Fanwood is $2,446 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Union County is $2,233.
What is the FHA loan limit in Fanwood?
Fanwood uses the FHA limit for all of Union County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.
How much property tax do owners pay in Fanwood?
The typical homeowner in Fanwood pays $10,001 a year, according to the U.S. Census Bureau. That is 1.57% of the home’s value; in Union County, the rate is 1.89%.
Where can I find free help to buy or rent in Fanwood?
There are 2 HUD-approved counseling agencies with an office in Union County. They can help you get ready to buy, with your credit, or with rent.
