Union, MI—49130
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Union, MI
As of Oct '25, the median home price in Union, MI is $357,000, with a year-over-year change of 1.3%. This indicates that home prices in Union, MI are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $357,000 | 1.3% |
| Single Family | $364,000 | 1.7% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Union, MI
Union, MI 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, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Union, MI is 78. This is a increase of 187.0% 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 | $722,000 | -9.0% |
Listing Count | 10 | 43.0% |
| Listings as % of Homes | 0.8% | 43.0% |
Days on Market | 78 | 187.0% |
Demographics — Union, MI
As of the latest ACS Survey released in 2023, Union, MI has a population of 1,220, which has decreased by -27.0% over the past 5 years. Union, MI is a less popular place for families, as children make up 11.4% of the population. The area has a poorly educated workforce, with 24.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,220 | -27.0% |
% Under 18 | 11.4% | -54.4% |
% Seniors | 40.6% | 69.2% |
% WFH | 9.9% | 76.8% |
% w/ College Degree | 24.6% | -2.0% |
As of the latest ACS Survey released in 2023, Union, MI is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Union, MI is hispanic, making up 5.2% of the population. Foreign-born residents account for 3.3% of the population in Union, MI, and this percentage has increased by 200.0% 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 | 89.3% | -4.2% |
% Black | 0.0% | N/A |
% Hispanic | 5.2% | 23.8% |
% Asian | 0.7% | -69.6% |
% Foreign Born | 3.3% | 200.0% |
Mortgage and Risk — Union, MI
According to HUD data as of 2023, there were 72 mortgage originations in Union, MI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Union, MI. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 72 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 0.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Union, MI
Union, MI 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 | $840 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,190 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Union, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $357,000 |
| Median Household Income | $81,700 |