Union, OR—97883
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Union, OR
As of Oct '25, the median home price in Union, OR is $294,000, with a year-over-year change of 6.6%. This indicates that home prices in Union, OR are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $294,000 | 6.6% |
| Single Family | $294,000 | 7.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $218,000 | 6.9% |
3 Bed | $304,000 | 6.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Union, OR
As of July '25, Rentcast reports the average rent in Union, OR is $1,220, with a year-over-year rent change of -23.3%. Per bedroom, the median rent as of July '25 in Union, OR is 1-bedrooms: $662, 2-bedrooms: $925, 3-bedrooms: $1,600. The most common rental property sizes in Union, OR are 2-bedroom and 3-bedroom, accounting for 56.6% and 22.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $662 | $662 |
| 2 Bed Rent | $850 | $925 |
| 3 Bed Rent | $1,500 | $1,600 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Union, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Union, OR is 104. This is a decrease of -10.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $386,000 | 43.0% |
Listing Count | 10 | 56.0% |
| Listings as % of Homes | 0.7% | 56.0% |
Days on Market | 104 | -10.0% |
Demographics — Union, OR
As of the latest ACS Survey released in 2023, Union, OR has a population of 2,630, which has increased by 10.9% over the past 5 years. Union, OR is a moderately popular place for families, as children make up 22.4% of the population. The area has a poorly educated workforce, with 14.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,630 | 10.9% |
% Under 18 | 22.4% | 15.5% |
% Seniors | 17.8% | -9.6% |
% WFH | 4.9% | -9.3% |
% w/ College Degree | 14.8% | -34.2% |
As of the latest ACS Survey released in 2023, Union, OR is a predominantly white area, with 87.7% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Union, OR is hispanic, making up 6.5% of the population. Foreign-born residents account for 2.9% of the population in Union, OR, and this percentage has increased by 222.2% 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 | 87.7% | -5.2% |
% Black | 2.4% | 242.9% |
% Hispanic | 6.5% | 550.0% |
% Asian | 1.0% | 100.0% |
% Foreign Born | 2.9% | 222.2% |
Mortgage and Risk — Union, OR
According to HUD data as of 2023, there were 49 mortgage originations in Union, OR, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Union, OR. Investor activity is low, as 0.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 49 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Union, OR
Union, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 32 |
Total Units Section 8 | 32 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $178 | $662 | $840 |
| 2 Bedroom | $220 | $850 | $1,070 |
| 3 Bedroom | $0 | $1,500 | $1,500 |
| 4 Bedroom | N/A | N/A | $1,800 |
Affordability — Union, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $294,000 |
| Median Household Income | $57,200 |