Union, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Union Neighborhoods Since 2000




Union, OH 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 6,437, 2,433 total housing units (homes and apartments), and a median house value of $114,344, 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 86.29% of the city's housing units. Other types of housing that are prevalent in Union include row houses and other attached homes ( 9.06%), duplexes, homes converted to apartments or other small apartment buildings ( 3.46%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Union. Owner-occupied housing accounts for 80.35% of Union's homes, and 81.68% have either three or four bedrooms, which is average sized relative to America.

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 ( 35.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.78%). There's also some housing in Union built before 1939 ( 4.19%).

Union Home Appreciation Rates

Union's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Union during the period has been just -1.39%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Union's appreciation rate, at 5.34%, has been at or slightly above the national average. In the latest quarter, Union's appreciation rate has been -0.27%, which annualizes to a rate of -1.08%.

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

Average Home Values

 

Median Home Value:
$114,344

Union, OH HOME PRICES

Value Range
> $1,067,000 0.8
$800,001 - $1,067,000 0.0
$534,001 - $800,000 0.0
$427,001 - $534,000 0.1
$320,001 - $427,000 1.1
$214,001 - $320,000 7.3
$107,001 - $214,000 36.3
$53,001 - $107,000 51.5
$0 - $53,000 2.9

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
68.7214344310325 68.3727034120735

Number Of Homes And Apartments:
2,433

Union Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
-6.65% -0.40% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,125 / per month

Homeownership Rate

Homeownership
Owners 80.35
Renters 19.65
Vacant 6.57

Housing Market Details

 

Age of Homes

AGE OF Union HOMES
2000 or Newer 16.8
1970 - 1999 43.0
1940 - 1969 36.0
1939 or Older 4.2

Types of Homes

TYPE OF Union HOMES
Single-Family 86.3
Townhomes 9.1
Small Apt. Buildings 3.5
Apt. Complexes 0.6
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Union HOMES
No Bedroom 0.00
1 Bedroom 0.61
2 Bedrooms 16.59
3 Bedrooms 70.55
4 Bedrooms 11.14
5 or more bedrooms 1.11