Zip 38261 (Union City, TN) Housing

The housing market in Union City, TN (38261) appears to be doing very well. The median value of a home in the area is roughly $126,100, which is significantly lower than the US median house value of $338,100. Additionally, this area has seen an appreciation rate of 18.32% over the past year, far higher than the 8.27% appreciation rate for homes across the United States as a whole. This indicates that investing in housing in Union City may be a worthwhile endeavor since it is both slightly cheaper and likely to appreciate faster than other areas nationally.

The median home cost in Union City (zip 38261) is $126,100. Home appreciation the last 10 years has been 114.7%. Home Appreciation in Union City (zip 38261) is up 25.8%.

Average Age of Homes

- The median age of Union City (zip 38261) real estate is 44 years old

The Rental Market in Union City (zip 38261)

- Renters make up 31.9% of the Union City (zip 38261) population
- 1.9% of houses and apartments in Union City (zip 38261), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Union City, Tennessee	United States
	7,299.0	139,647,020.0
	48	42
	$126,100	$338,100
	25.8%	16.6%
	83.2%	57.0%
	114.7%	101.1%
	$6.30	$10.98
	$700	$2,690
	51.0%	57.4%
	10.2%	11.2%
	38.8%	31.4%
Vacant Housing
	1.9%	1.9%
	0.5%	0.4%
	1.2%	0.7%
	0.7%	0.4%
	2.2%	3.6%
	3.8%	4.1%
Value of Owner-Occupied Housing
	4.3%	2.6%
	3.4%	2.4%
	4.9%	2.8%
	15.5%	3.9%
	15.8%	4.5%
	21.2%	11.3%
	17.8%	13.0%
	12.7%	20.1%
	3.1%	13.6%
	0.1%	8.3%
	0.1%	9.7%
	0.6%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.2%	13.6%
	9.2%	13.6%
	12.1%	13.6%
	13.3%	13.2%
	17.0%	14.8%
	12.1%	13.6%
	12.5%	10.0%
	6.0%	4.7%
	9.9%	12.2%

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