Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 27,895 people, 11,311 houses or apartments, and a median cost of homes of $274,738, Union City real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Union City, accounting for 48.52% of the city's housing units. Other types of housing that are prevalent in Union City include large apartment complexes or high rise apartments ( 35.80%), row houses and other attached homes ( 8.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.93%).
The most prevalent building size and type in Union City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 41.32% owning and 58.68% renting.
Union City homes and real estate are some of the newest in America. 56.09% of Union City's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Union City real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.50%), and between 1940-1969 ( 7.41%). There's also some housing in Union City built before 1939 ( 1.01%).
In the last 10 years, Union City has experienced some of the highest home appreciation rates of any community in the nation. Union City real estate appreciated 171.02% over the last ten years, which is an average annual home appreciation rate of 10.48%, putting Union City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Union City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Union City's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Union City's appreciation rate has been 2.20%, which annualizes to a rate of 9.09%.
Relative to Georgia, our data show that Union City's latest annual appreciation rate is lower than 70% of the other cities and towns in Georgia.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Union City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Union City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Union City real estate investment or home purchase decisions.
$274,738
for Georgia
for nation
11,311
$2,452 / per month