Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 12,756, 4,708 total housing units (homes and apartments), and a median house value of $285,548, Union real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Union, accounting for 65.56% of the city's housing units. Other types of housing that are prevalent in Union include row houses and other attached homes ( 9.63%), duplexes, homes converted to apartments or other small apartment buildings ( 9.47%), and a few large apartment complexes or high rise apartments ( 8.30%).
The most prevalent building size and type in Union are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.86% owning and 38.14% renting.
Union homes and real estate are some of the newest in America. 42.92% of Union's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Union real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.68%), and between 1940-1969 ( 16.33%). There's also some housing in Union built before 1939 ( 8.07%).
Union's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Union during the period has been just 5.67%, which is lower than 70% of US communities.
Appreciation rates are so strong in Union that despite a nationwide downturn in the housing market, Union real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Union appreciation rates continue to be some of the highest in America, at 9.32%, which is higher than appreciation rates in 83.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Union. Union appreciation rates in the latest quarter were at 1.09%, which equates to an annual appreciation rate of 4.45%.
Relative to Missouri, our data show that Union's latest annual appreciation rate is higher than 90% of the other cities and towns in Missouri.
$285,548
for Missouri
for nation
4,708
$1,458 / per month