Union City, TN—38261
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Union City, TN
As of Nov '25, the median home price in Union City, TN is $160,000, with a year-over-year change of 3.4%. This indicates that home prices in Union City, TN are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $160,000 | 3.4% |
| Single Family | $159,000 | 4.6% |
| 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 City, TN
As of July '25, Rentcast reports the average rent in Union City, TN is $898, with a year-over-year rent change of -19.8%. Per bedroom, the median rent as of July '25 in Union City, TN is 1-bedrooms: $800, 2-bedrooms: $821, 3-bedrooms: $895. The most common rental property sizes in Union City, TN are 2-bedroom and 3-bedroom, accounting for 44.0% and 38.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $898 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $800 |
| 2 Bed Rent | $750 | $821 |
| 3 Bed Rent | $895 | $895 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Union City, TN
As of Nov '25, Realtor.com reports that the median days on market for a home in Union City, TN is 98. This is a increase of 11.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | -1.0% |
Listing Count | 58 | 32.0% |
| Listings as % of Homes | 0.4% | 32.0% |
Days on Market | 98 | 11.0% |
Demographics — Union City, TN
As of the latest ACS Survey released in 2023, Union City, TN has a population of 16,300, which has increased by 3.0% over the past 5 years. Union City, TN is a moderately popular place for families, as children make up 24.3% of the population. The area has a poorly educated workforce, with 20.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,300 | 3.0% |
% Under 18 | 24.3% | 7.5% |
% Seniors | 18.2% | -9.9% |
% WFH | 4.3% | 59.3% |
% w/ College Degree | 20.5% | 32.3% |
As of the latest ACS Survey released in 2023, Union City, TN is a predominantly white area, with 71.2% of the population identifying as white. The white population has shrunk by 7.5% in the last 5 years. The second most common race or ethnicity in Union City, TN is black, making up 16.1% of the population. Foreign-born residents account for 4.0% of the population in Union City, TN, and this percentage has increased by 48.1% 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 | 71.2% | -7.5% |
% Black | 16.1% | 5.2% |
% Hispanic | 7.5% | 50.0% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 4.0% | 48.1% |
Mortgage and Risk — Union City, TN
According to HUD data as of 2023, there were 234 mortgage originations in Union City, TN, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Union City, TN. Investor activity is low, as 8.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 234 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 8.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Rentals and Section 8 — Union City, TN
Union City, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 563 |
Total Units Section 8 | 259 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 75.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $650 | $740 |
| 2 Bedroom | $150 | $750 | $900 |
| 3 Bedroom | $275 | $895 | $1,170 |
| 4 Bedroom | N/A | N/A | $1,320 |
Affordability — Union City, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $160,000 |
| Median Household Income | $52,900 |