Union City, TN 38261 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Union City, TN—38261

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$170,000

7.1% YoY Growth

Household Income

$52,900

36.4% YoY Growth

Days on Market

21.0% Shorter YoY

Home Price Forecast

2.6%

Median Rent

$895

19.8% YoY Growth

1-Bed Rent

$650

N/A

2-Bed Rent

$750

9.5% YoY Growth

3-Bed Rent

$895

N/A

Home Price Trends — Union City, TN

As of May '26, the median home price in Union City, TN is $170,000, with a year-over-year change of 7.1%. This indicates that home prices in Union City, TN are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$170,000	7.1%
Single Family	$169,000	7.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Union City, TN

As of July '25, Rentcast reports the average rent in Union City, TN is $898, with a year-over-year rent change of -19.8%. Per bedroom, the median rent as of July '25 in Union City, TN is 1-bedrooms: $800, 2-bedrooms: $821, 3-bedrooms: $895. The most common rental property sizes in Union City, TN are 2-bedroom and 3-bedroom, accounting for 44.0% and 38.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$895	$898
Studio Rent	N/A	N/A
1 Bed Rent	$650	$800
2 Bed Rent	$750	$821
3 Bed Rent	$895	$895
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

Studio

1.4%

1 Bedroom

10.6%

2 Bedrooms

44.0%

3 Bedrooms

38.5%

4 Bedrooms

4.5%

5+ Bedrooms

1.0%

Property Listings — Union City, TN

As of May '26, Realtor.com reports that the median days on market for a home in Union City, TN is 58. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$247,000	-4.0%
Listing Count	66	33.0%
Listings as % of Homes	0.4%	33.0%
Days on Market	58	-21.0%

Loading chart...

Demographics — Union City, TN

As of the latest ACS Survey released in 2023, Union City, TN has a population of 16,300, which has increased by 3.0% over the past 5 years. Union City, TN is a moderately popular place for families, as children make up 24.3% of the population. The area has a poorly educated workforce, with 20.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	16,300	3.0%
% Under 18	24.3%	7.5%
% Seniors	18.2%	-9.9%
% WFH	4.3%	59.3%
% w/ College Degree	20.5%	32.3%

Loading chart...

As of the latest ACS Survey released in 2023, Union City, TN is a predominantly white area, with 71.2% of the population identifying as white. The white population has shrunk by 7.5% in the last 5 years. The second most common race or ethnicity in Union City, TN is black, making up 16.1% of the population. Foreign-born residents account for 4.0% of the population in Union City, TN, and this percentage has increased by 48.1% 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	71.2%	-7.5%
% Black	16.1%	5.2%
% Hispanic	7.5%	50.0%
% Asian	0.3%	50.0%
% Foreign Born	4.0%	48.1%

Loading chart...

Mortgage and Risk — Union City, TN

According to HUD data as of 2023, there were 234 mortgage originations in Union City, TN, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Union City, TN. Investor activity is low, as 8.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	234
% Conventional Loans	70.0%
% Government Loans	30.0%
% Investor Loans	8.0%
% Second Loans	2.0%
% Cash Out Refinance	12.0%

Loading chart...

Rentals and Section 8 — Union City, TN

Union City, TN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	563
Total Units Section 8	259
% Rentals under Section 8	N/A
% Occupied Section 8	75.7%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$90	$650	$740
2 Bedroom	$150	$750	$900
3 Bedroom	$275	$895	$1,170
4 Bedroom	N/A	N/A	$1,320

Union City, TN—38261

Key Metrics at a Glance

Home Price Trends — Union City, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Union City, TN

% of Rental Stock

Property Listings — Union City, TN

Demographics — Union City, TN

Race and Ethnicity

Mortgage and Risk — Union City, TN

Mortgages

Rentals and Section 8 — Union City, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Union City, TN

Home Price to Income Ratio

Union City, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Troy, TN

Hickman, KY

Rives, TN

Hornbeak, TN

South Fulton, TN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$170,000
Median Household Income	$52,900

Union City, TN—38261

Key Metrics at a Glance

Home Price Trends — Union City, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Union City, TN

% of Rental Stock

Property Listings — Union City, TN

Demographics — Union City, TN

Race and Ethnicity

Mortgage and Risk — Union City, TN

Mortgages

Rentals and Section 8 — Union City, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Union City, TN

Home Price to Income Ratio

Union City, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Troy, TN

Hickman, KY

Rives, TN

Hornbeak, TN

South Fulton, TN

Frequently Asked Questions

What is the average home price in Union City, TN 38261?

How have home prices in Union City, TN 38261 changed over the past year?

What is the home price projection for Union City, TN 38261?

What are the demographics of Union City, TN 38261?

How long does it take homes to sell in Union City, TN 38261?

What is the average rent price in Union City, TN 38261?