Union, KY—41091
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Union, KY
As of Oct '25, the median home price in Union, KY is $445,000, with a year-over-year change of 2.4%. This indicates that home prices in Union, KY are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $445,000 | 2.4% |
| Single Family | $452,000 | 2.5% |
| Condos | $330,000 | 4.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $346,000 | 3.3% |
3 Bed | $374,000 | 2.7% |
4 Bed | $498,000 | 2.9% |
| 5 Bed | $638,000 | 2.1% |
% of Housing Stock
Rental Trends — Union, KY
As of July '25, Rentcast reports the average rent in Union, KY is $2,720, with a year-over-year rent change of 12.9%. Per bedroom, the median rent as of July '25 in Union, KY is 2-bedrooms: $2,190, 3-bedrooms: $2,770, 4-bedrooms: $2,900. The most common rental property sizes in Union, KY are 3-bedroom and 4-bedroom, accounting for 44.7% and 19.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,720 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,000 | $2,190 |
| 3 Bed Rent | $2,500 | $2,770 |
| 4 Bed Rent | $2,820 | $2,900 |
% of Rental Stock
Property Listings — Union, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Union, KY is 44. This is a increase of 17.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $512,000 | 3.0% |
Listing Count | 136 | 24.0% |
| Listings as % of Homes | 0.9% | 24.0% |
Days on Market | 44 | 17.0% |
Demographics — Union, KY
As of the latest ACS Survey released in 2023, Union, KY has a population of 24,400, which has increased by 20.8% over the past 5 years. Union, KY is a popular place for families, as children make up 31.5% of the population. The area has a highly educated workforce, with 53.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,400 | 20.8% |
% Under 18 | 31.5% | 6.1% |
% Seniors | 15.2% | 18.8% |
% WFH | 15.2% | 56.7% |
% w/ College Degree | 53.5% | 14.6% |
As of the latest ACS Survey released in 2023, Union, KY is a predominantly white area, with 89.8% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Union, KY is asian, making up 2.8% of the population. Foreign-born residents account for 4.3% of the population in Union, KY, and this percentage has decreased by 21.8% 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 | 89.8% | -1.2% |
% Black | 2.3% | 187.5% |
% Hispanic | 1.6% | -5.9% |
% Asian | 2.8% | -33.3% |
% Foreign Born | 4.3% | -21.8% |
Mortgage and Risk — Union, KY
According to HUD data as of 2023, there were 1085 mortgage originations in Union, KY, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Union, KY. Investor activity is low, as 2.0% 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 | 1,085 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Union, KY
Union, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 16 |
Total Units Section 8 | 16 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,490 |
| 2 Bedroom | -$70 | $2,000 | $1,930 |
| 3 Bedroom | $60 | $2,500 | $2,560 |
| 4 Bedroom | $10 | $2,820 | $2,830 |
Affordability — Union, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $445,000 |
| Median Household Income | $135,000 |