Union City, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Union City Neighborhoods Since 2000




Union City, TN 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 10,573, 4,374 total housing units (homes and apartments), and a median house value of $81,639, house prices in Union City are some of the most affordable in Tennessee as well as the nation.

Single-family detached homes are the single most common housing type in Union City, accounting for 65.88% of the city's housing units. Other types of housing that are prevalent in Union City include duplexes, homes converted to apartments or other small apartment buildings ( 16.57%), large apartment complexes or high rise apartments ( 13.93%), and a few row houses and other attached homes ( 1.89%).

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 50.83% owning and 49.17% 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 ( 38.96%). A lesser amount of the housing stock also hails from before 1939 ( 9.80%). There's also some housing in Union City built between 2000 and later ( 8.01%).

Vacant housing appears to be an issue in Union City. Fully 14.92% 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

Real estate appreciation rates in Union City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.27% during the period.

Over the last year, Union City appreciation rates have trailed the rest of the nation. In the last twelve months, Union City's appreciation rate has been -0.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Union City were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Tennessee, our data show that Union City's latest annual appreciation rate is lower than 90% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$81,639

Union City, TN HOME PRICES

Value Range
> $1,022,000 0.0
$766,001 - $1,022,000 0.0
$511,001 - $766,000 0.6
$408,001 - $511,000 2.6
$307,001 - $408,000 2.9
$205,001 - $307,000 5.3
$102,001 - $205,000 29.5
$51,001 - $102,000 50.2
$0 - $51,000 8.9

Very Low for TN
Very Low for Nation

Value Relative to Nation Value Relative to State
89.4527129966014 94.1326530612245

Number Of Homes And Apartments:
4,374

Union City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
9.37% 0.52% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$748 / per month

Homeownership Rate

Homeownership
Owners 50.83
Renters 49.17
Vacant 14.92

Housing Market Details

 

Age of Homes

AGE OF Union City HOMES
2000 or Newer 8.0
1970 - 1999 43.2
1940 - 1969 39.0
1939 or Older 9.8

Types of Homes

TYPE OF Union City HOMES
Single-Family 65.9
Townhomes 1.9
Small Apt. Buildings 16.6
Apt. Complexes 13.9
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Union City HOMES
No Bedroom 2.47
1 Bedroom 8.09
2 Bedrooms 32.54
3 Bedrooms 43.22
4 Bedrooms 10.91
5 or more bedrooms 2.76

Zip Codes in Union City, TN