Union City, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Union City Neighborhoods Since 2000




Union City, CA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Union City Housing Market Information

With a population of 74,494, 20,461 total housing units (homes and apartments), and a median house value of $706,797, real estate costs in Union City are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Union City, accounting for 59.50% of the city's housing units. Other types of housing that are prevalent in Union City include large apartment complexes or high rise apartments ( 17.69%), row houses and other attached homes ( 14.24%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.52%).

The most prevalent building size and type in Union City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.52% owning and 35.48% renting.

There is a lot of housing in Union City built from 1970 to 1999 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 City built between 1940-1969 ( 15.12%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.10%). There's also some housing in Union City built before 1939 ( 2.27%).

Union City Home Appreciation Rates

Appreciation rates for homes in Union City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.36%, which ranks in the top 30% nationwide. This equates to an annual average Union City house appreciation rate of 1.17%.

Appreciation rates are so strong in Union City that despite a nationwide downturn in the housing market, Union City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Union City appreciation rates continue to be some of the highest in America, at 8.49%, which is higher than appreciation rates in 88.86% 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 City. Union City appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.39%.

Importantly, this makes Union City 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 California, our data show that Union City's latest annual appreciation rate is higher than 60% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Union City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Union City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Union City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$706,797

Union City, CA HOME PRICES

Value Range
> $1,438,000 2.2
$1,079,001 - $1,438,000 11.1
$720,001 - $1,079,000 38.7
$575,001 - $720,000 15.9
$431,001 - $575,000 15.5
$288,001 - $431,000 8.1
$144,001 - $288,000 3.8
$72,001 - $144,000 2.5
$0 - $72,000 2.2

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.60166412750498 22.8835978835979

Number Of Homes And Apartments:
20,461

Union City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
96.03% 3.98% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,438 / per month

Homeownership Rate

Homeownership
Owners 64.52
Renters 35.48
Vacant 4.42

Housing Market Details

 

Age of Homes

AGE OF Union City HOMES
2000 or Newer 13.1
1970 - 1999 69.5
1940 - 1969 15.1
1939 or Older 2.3

Types of Homes

TYPE OF Union City HOMES
Single-Family 59.5
Townhomes 14.2
Small Apt. Buildings 4.5
Apt. Complexes 17.7
Mobile Homes 4.0
Other 0.1

Home Size

SIZE OF Union City HOMES
No Bedroom 1.52
1 Bedroom 9.52
2 Bedrooms 22.49
3 Bedrooms 31.99
4 Bedrooms 27.51
5 or more bedrooms 6.97