Union, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Union Neighborhoods Since 2000




Union, MO 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 Housing Market Information

With a population of 10,957, 4,179 total housing units (homes and apartments), and a median house value of $137,611, house prices in Union are solidly below the national average.

Single-family detached homes are the single most common housing type in Union, accounting for 75.03% of the city's housing units. Other types of housing that are prevalent in Union include large apartment complexes or high rise apartments ( 10.31%), duplexes, homes converted to apartments or other small apartment buildings ( 7.12%), and a few mobile homes or trailers ( 6.36%).

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 61.32% owning and 38.68% renting.

There is a lot of housing in Union 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 built between 1940-1969 ( 30.60%). A lesser amount of the housing stock also hails from between 2000 and later ( 28.10%). There's also some housing in Union built before 1939 ( 8.06%).

Union Home Appreciation Rates

Real estate appreciation rates in Union's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.32% during the period.

NeighborhoodScout's data show that during the latest twelve months, Union's appreciation rate, at 4.18%, has been at or slightly above the national average. In the latest quarter, Union's appreciation rate has been 1.03%, which annualizes to a rate of 4.19%.

Relative to Missouri, our data show that Union's latest annual appreciation rate is higher than 70% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$137,611

Union, MO HOME PRICES

Value Range
> $1,064,000 0.0
$798,001 - $1,064,000 0.0
$532,001 - $798,000 1.4
$425,001 - $532,000 1.1
$319,001 - $425,000 3.0
$213,001 - $319,000 15.6
$107,001 - $213,000 52.1
$53,001 - $107,000 17.3
$0 - $53,000 9.5

High for MO
Average for Nation

Value Relative to Nation Value Relative to State
55.9328489394117 37.4

Number Of Homes And Apartments:
4,179

Union Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
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
21.27% 1.12% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$826 / per month

Homeownership Rate

Homeownership
Owners 61.32
Renters 38.68
Vacant 4.00

Housing Market Details

 

Age of Homes

AGE OF Union HOMES
2000 or Newer 28.1
1970 - 1999 33.2
1940 - 1969 30.6
1939 or Older 8.1

Types of Homes

TYPE OF Union HOMES
Single-Family 75.0
Townhomes 1.2
Small Apt. Buildings 7.1
Apt. Complexes 10.3
Mobile Homes 6.4
Other 0.0

Home Size

SIZE OF Union HOMES
No Bedroom 1.88
1 Bedroom 8.22
2 Bedrooms 22.88
3 Bedrooms 56.88
4 Bedrooms 9.21
5 or more bedrooms 0.92