Union, ME—04862
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Union, ME
Union, ME lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $378,000 | -3.0% |
| Single Family | $378,000 | -3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $370,000 | -4.1% |
3 Bed | $396,000 | -3.6% |
4 Bed | $475,000 | -3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Union, ME
Union, ME lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Union, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Union, ME is 107. This is a increase of 43.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $553,000 | 36.0% |
Listing Count | 24 | 10.0% |
| Listings as % of Homes | 0.6% | 10.0% |
Days on Market | 107 | 43.0% |
Demographics — Union, ME
As of the latest ACS Survey released in 2023, Union, ME has a population of 4,200, which has increased by 1.2% over the past 5 years. Union, ME is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 33.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,200 | 1.2% |
% Under 18 | 24.3% | 9.5% |
% Seniors | 23.7% | 31.7% |
% WFH | 14.8% | 214.9% |
% w/ College Degree | 33.7% | 35.3% |
As of the latest ACS Survey released in 2023, Union, ME is a predominantly white area, with 94.9% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Union, ME is hispanic, making up 0.4% of the population. Foreign-born residents account for 1.5% of the population in Union, ME, and this percentage has decreased by 48.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.9% | 0.5% |
% Black | 0.2% | -71.4% |
% Hispanic | 0.4% | -69.2% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.5% | -48.3% |
Mortgage and Risk — Union, ME
According to HUD data as of 2023, there were 82 mortgage originations in Union, ME, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Union, ME. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Union, ME
Union, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $890 |
| 2 Bedroom | N/A | N/A | $1,070 |
| 3 Bedroom | N/A | N/A | $1,420 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Union, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $378,000 |
| Median Household Income | $71,500 |