Union City, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Union City Neighborhoods Since 2000




Union City, GA 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 20,805 people, 7,673 houses or apartments, and a median cost of homes of $115,298, house prices in Union City are solidly below the national average.

Single-family detached homes are the single most common housing type in Union City, accounting for 40.63% of the city's housing units. Other types of housing that are prevalent in Union City include large apartment complexes or high rise apartments ( 37.03%), row houses and other attached homes ( 11.43%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.25%).

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 37.94% owning and 62.06% renting.

Union City homes and real estate are some of the newest in America. 45.03% of Union City'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 City real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.24%), and between 1940-1969 ( 12.63%). There's also some housing in Union City built before 1939 ( 2.09%).

Vacant housing appears to be an issue in Union City. Fully 17.17% of the housing stock is classified as vacant. Left unchecked, vacant Union City homes and apartments can be a drag on the real estate market, holding Union City real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Union City Home Appreciation Rates

Union City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Union City during the period has been just -0.89%, which is lower than 70% of US communities.

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 7.69%, which is higher than appreciation rates in 85.23% 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 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to Georgia, our data show that Union City's latest annual appreciation rate is higher than 80% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$115,298

Union City, GA HOME PRICES

Value Range
> $1,233,000 0.2
$925,001 - $1,233,000 0.3
$617,001 - $925,000 0.1
$493,001 - $617,000 0.3
$370,001 - $493,000 0.7
$247,001 - $370,000 3.5
$123,001 - $247,000 41.5
$61,001 - $123,000 36.5
$0 - $61,000 17.0

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
68.076878003047 53.9112050739958

Number Of Homes And Apartments:
7,673

Union City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
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
23.05% 1.21% 6 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,154 / per month

Homeownership Rate

Homeownership
Owners 37.94
Renters 62.06
Vacant 17.17

Housing Market Details

 

Age of Homes

AGE OF Union City HOMES
2000 or Newer 45.0
1970 - 1999 40.2
1940 - 1969 12.6
1939 or Older 2.1

Types of Homes

TYPE OF Union City HOMES
Single-Family 40.6
Townhomes 11.4
Small Apt. Buildings 9.3
Apt. Complexes 37.0
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Union City HOMES
No Bedroom 3.11
1 Bedroom 16.59
2 Bedrooms 29.02
3 Bedrooms 33.78
4 Bedrooms 14.98
5 or more bedrooms 2.53