Union Grove, NC—28689
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Union Grove, NC
As of Oct '25, the median home price in Union Grove, NC is $327,000, with a year-over-year change of -0.4%. This indicates that home prices in Union Grove, NC are flat. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $327,000 | -0.4% |
| Single Family | $327,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $353,000 | 0.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Union Grove, NC
Union Grove, NC 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 Grove, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Union Grove, NC is 196. This is a increase of 26.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,480,000 | 100.0% |
Listing Count | 6 | 138.0% |
| Listings as % of Homes | 0.2% | 138.0% |
Days on Market | 196 | 26.0% |
Demographics — Union Grove, NC
As of the latest ACS Survey released in 2023, Union Grove, NC has a population of 2,520, which has increased by 21.9% over the past 5 years. Union Grove, NC is a popular place for families, as children make up 25.6% of the population. The area has a poorly educated workforce, with 13.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,520 | 21.9% |
% Under 18 | 25.6% | 0.8% |
% Seniors | 10.1% | -34.0% |
% WFH | 12.5% | 267.6% |
% w/ College Degree | 13.5% | 66.7% |
As of the latest ACS Survey released in 2023, Union Grove, NC is a predominantly white area, with 77.9% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Union Grove, NC is hispanic, making up 14.4% of the population. Foreign-born residents account for 9.8% of the population in Union Grove, NC, and this percentage has increased by 55.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.9% | -4.1% |
% Black | 0.5% | -81.5% |
% Hispanic | 14.4% | 25.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 9.8% | 55.6% |
Mortgage and Risk — Union Grove, NC
According to HUD data as of 2023, there were 52 mortgage originations in Union Grove, NC, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Union Grove, NC. Investor activity is low, as 0.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 52 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Union Grove, NC
Union Grove, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $970 |
| 2 Bedroom | N/A | N/A | $1,090 |
| 3 Bedroom | N/A | N/A | $1,490 |
| 4 Bedroom | N/A | N/A | $1,850 |
Affordability — Union Grove, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $327,000 |
| Median Household Income | $67,600 |