Union City, CA—94587
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Union City, CA
As of Oct '25, the median home price in Union City, CA is $1,228,000, with a year-over-year change of -6.0%. This indicates that home prices in Union City, CA are decreasing. According to Zillow, the 1-year price projection is -2.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,228,000 | -6.0% |
| Single Family | $1,270,000 | -6.5% |
| Condos | $541,000 | -9.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $427,000 | -11.6% |
2 Bed | $572,000 | -9.1% |
3 Bed | $1,126,000 | -6.2% |
4 Bed | $1,390,000 | -5.9% |
| 5 Bed | $1,747,000 | -3.8% |
% of Housing Stock
Rental Trends — Union City, CA
As of July '25, Rentcast reports the average rent in Union City, CA is $2,950, with a year-over-year rent change of -16.0%. Per bedroom, the median rent as of July '25 in Union City, CA is studios: $2,160, 1-bedrooms: $2,250, 2-bedrooms: $2,780, 3-bedrooms: $3,670, 4-bedrooms: $3,830. The most common rental property sizes in Union City, CA are 2-bedroom and 1-bedroom, accounting for 35.5% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,760 | $2,950 |
| Studio Rent | $2,160 | $2,160 |
| 1 Bed Rent | $2,210 | $2,250 |
| 2 Bed Rent | $2,740 | $2,780 |
| 3 Bed Rent | $3,600 | $3,670 |
| 4 Bed Rent | $4,200 | $3,830 |
% of Rental Stock
Property Listings — Union City, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Union City, CA is 39. 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,360,000 | 11.0% |
Listing Count | 66 | -3.0% |
| Listings as % of Homes | 0.2% | -3.0% |
Days on Market | 39 | 26.0% |
Demographics — Union City, CA
As of the latest ACS Survey released in 2023, Union City, CA has a population of 68,100, which has decreased by -8.7% over the past 5 years. Union City, CA is a moderately popular place for families, as children make up 18.2% of the population. The area has a highly educated workforce, with 45.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 68,100 | -8.7% |
% Under 18 | 18.2% | -3.7% |
% Seniors | 18.1% | 17.5% |
% WFH | 17.7% | 190.2% |
% w/ College Degree | 45.3% | 21.4% |
As of the latest ACS Survey released in 2023, Union City, CA is a predominantly asian area, with 55.9% of the population identifying as asian. The asian population has grown by 2.4% in the last 5 years. The second most common race or ethnicity in Union City, CA is hispanic, making up 19.3% of the population. Foreign-born residents account for 46.9% of the population in Union City, CA, and this percentage has increased by 3.5% 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 | 14.6% | -0.7% |
% Black | 5.3% | 6.0% |
% Hispanic | 19.3% | -6.3% |
% Asian | 55.9% | 2.4% |
% Foreign Born | 46.9% | 3.5% |
Mortgage and Risk — Union City, CA
According to HUD data as of 2023, there were 342 mortgage originations in Union City, CA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Union City, CA. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 342 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Union City, CA
As of 2024, the percent of homes in Union City, CA under the Section 8 program is 10.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Union City, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 915 |
Total Units Section 8 | 734 |
% Rentals under Section 8 | 10.8% |
% Occupied Section 8 | 91.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $2,210 | $2,350 |
| 2 Bedroom | $120 | $2,740 | $2,860 |
| 3 Bedroom | $60 | $3,600 | $3,660 |
| 4 Bedroom | $150 | $4,200 | $4,350 |
Affordability — Union City, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.3 |
| Median Home Price | $1,228,000 |
| Median Household Income | $137,000 |