Union Park appreciation rates and housing market information

Union Park housing market information

With 10,198 people, 3,768 houses or apartments, and a median cost of homes of $196,867, Union Park real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Union Park, accounting for 71.44% of the town's housing units. Other types of housing that are prevalent in Union Park include large apartment complexes or high rise apartments (18.84%), row houses and other attached homes (7.27%), and a few duplexes, homes converted to apartments, or other small apartment buildings (2.02%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Union Park. Owner-occupied housing accounts for 63.30% of Union Park's homes, and 60.80% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Union Park built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Union Park built from 1940-1969 (23.91%). A lesser amount of the housing stock also hails from 1995 and later (13.59%), and some were built from 1939 and earlier (13.59%).

Union Park home appreciation rates

Appreciation rates for homes in Union Park have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.05%, which ranks in the top 30% nationwide. This equates to an annual average Union Park house appreciation rate of 9.60%.

Over the last year, Union Park appreciation rates have trailed the rest of the nation. In the last twelve months, Union Park's appreciation rate has been -14.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Union Park were at -0.05%, which equates to an annual appreciation rate of -0.20%.

Relative to Florida, our data show that Union Park's latest annual appreciation rate is higher than 36% of the other cities and towns in Florida.