Union appreciation rates and housing market information

Union housing market information

With a population of 2,895, 874 total housing units (homes and apartments), and a median house value of $280,377, Union 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, accounting for 99.20% of the city's housing units. Other types of housing that are prevalent in Union include .

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Union. Owner-occupied housing accounts for 94.28% of Union's homes, and 91.99% have either three or four bedrooms, which is average sized relative to America.

Union homes and real estate are some of the newest in America. 53.20% of Union's housing was built since 1995, 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. Quit a bit of the housing here was also built between 1970-1994 (39.02%), and 1940-1969 (5.38%).

Union home appreciation rates

Real estate appreciation rates in Union have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.57% during the period.

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 3.44%, which is higher than appreciation rates in 79% 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 2.15%, which equates to an annual appreciation rate of 8.60%.

Importantly, this makes Union one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Kentucky, our data show that Union's latest annual appreciation rate is higher than 61% of the other cities and towns in Kentucky.