View in Interactive Map
  1. Home
  2. /Browse ZIP Codes
  3. /Maine
  4. /Union, ME - 04862

Union, ME—04862

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$398,000
0.2% YoY Growth
Household Income
$71,500
25.1% YoY Growth
Days on Market
78
31.0% Shorter YoY
Home Price Forecast
N/A
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Union, ME

Union, ME lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$398,0000.2%
Single Family $398,0000.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A

Browse ZIP Codes by State

All states and cities →
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Puerto Rico
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    $386,000
    0.8%
    3 Bed
    		$416,0001.2%
    4 Bed
    		$485,0000.8%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    2.1%
    1 Bedroom
    4.6%
    2 Bedrooms
    30.8%
    3 Bedrooms
    41.1%
    4 Bedrooms
    17.5%
    5+ Bedrooms
    3.8%

    Rental Trends — Union, ME

    Union, ME lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    Studio
    8.9%
    1 Bedroom
    17.4%
    2 Bedrooms
    35.3%
    3 Bedrooms
    9.8%
    4 Bedrooms
    28.6%

    Property Listings — Union, ME

    As of May '26, Realtor.com reports that the median days on market for a home in Union, ME is 78. This is a decrease of -31.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$427,0003.0%
    Listing Count
    		10-42.0%
    Listings as % of Homes0.6%-42.0%
    Days on Market
    		78-31.0%
    Loading chart...

    Demographics — Union, ME

    As of the latest ACS Survey released in 2023, Union, ME has a population of 4,200, which has increased by 1.2% over the past 5 years. Union, ME is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 33.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		4,2001.2%
    % Under 18
    		24.3%9.5%
    % Seniors
    		23.7%31.7%
    % WFH
    		14.8%214.9%
    % w/ College Degree
    		33.7%35.3%
    Loading chart...

    As of the latest ACS Survey released in 2023, Union, ME is a predominantly white area, with 94.9% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Union, ME is hispanic, making up 0.4% of the population. Foreign-born residents account for 1.5% of the population in Union, ME, and this percentage has decreased by 48.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		94.9%0.5%
    % Black
    		0.2%-71.4%
    % Hispanic
    		0.4%-69.2%
    % Asian
    		0.0%-100.0%
    % Foreign Born
    		1.5%-48.3%
    Loading chart...

    Mortgage and Risk — Union, ME

    According to HUD data as of 2023, there were 82 mortgage originations in Union, ME, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Union, ME. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		82
    % Conventional Loans
    		83.0%
    % Government Loans
    		17.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		9.0%
    % Cash Out Refinance
    		10.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Union, ME

    Union, ME lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		7
    Total Units Section 8
    		7
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$890
    2 BedroomN/AN/A$1,070
    3 BedroomN/AN/A$1,420
    4 BedroomN/AN/A$1,560

    Affordability — Union, ME

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.9
    Median Home Price$398,000
    Median Household Income$71,500

    Union, ME — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Hope, ME

    04847

    Washington, ME

    04574

    Warren, ME

    04864

    Rockport, ME

    04856

    Camden, ME

    04843

    Frequently Asked Questions