Union City, MI—49094
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Union City, MI
As of Oct '25, the median home price in Union City, MI is $164,000, with a year-over-year change of -0.6%. This indicates that home prices in Union City, MI are flat. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $164,000 | -0.6% |
| Single Family | $163,000 | -0.6% |
| 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 | $197,000 | 3.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Union City, MI
Union City, 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 City, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Union City, MI is 65. This is a increase of 9.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $205,000 | -12.0% |
Listing Count | 24 | 35.0% |
| Listings as % of Homes | 0.2% | 35.0% |
Days on Market | 65 | 9.0% |
Demographics — Union City, MI
As of the latest ACS Survey released in 2023, Union City, MI has a population of 3,760, which has decreased by -8.1% over the past 5 years. Union City, MI is a popular place for families, as children make up 28.1% of the population. The area has a poorly educated workforce, with 17.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,760 | -8.1% |
% Under 18 | 28.1% | 27.7% |
% Seniors | 15.9% | -13.6% |
% WFH | 6.6% | 46.7% |
% w/ College Degree | 17.1% | 34.6% |
As of the latest ACS Survey released in 2023, Union City, MI is a predominantly white area, with 82.1% of the population identifying as white. The white population has shrunk by 13.9% in the last 5 years. The second most common race or ethnicity in Union City, MI is hispanic, making up 5.7% of the population. Foreign-born residents account for 0.7% of the population in Union City, MI, and this percentage has decreased by 36.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.1% | -13.9% |
% Black | 0.6% | ∞% |
% Hispanic | 5.7% | 128.0% |
% Asian | 0.4% | -33.3% |
% Foreign Born | 0.7% | -36.4% |
Mortgage and Risk — Union City, MI
According to HUD data as of 2023, there were 56 mortgage originations in Union City, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Union City, MI. Investor activity is low, as 5.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 56 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Union City, MI
Union City, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | N/A | N/A | $940 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,340 |
Affordability — Union City, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $164,000 |
| Median Household Income | $68,700 |