Housing in Union

A typical Union home is worth roughly $204,000

Home prices around Union have risen about 63% over the past 5 years.

Typical home value

$204K

▲ 2.3% in a year · IN $260K

Estimate

2-bedroom rent

$1,240

a month, utilities in · HUD

Median tax bill

$1,259

IN $1,614

What kind of housing town is Union?

Read from the numbers below. The page puts what stands out first.

Your money goes further22% below the Indiana typical home.A town of owners89% of households own their home.

★ What stands out · Affordability

A typical home costs 2.7 years of income

Less than across Indiana (3.6 years). Try your own numbers below.

You could afford about

$303,000

Typical Union home $204K

That covers a typical Union home, with $99K to spare.

The typical home, each month

$1,190

Loan $1,010Tax $120Insurance $60

A two-bedroom rents for about $1,240 a month here, $50 more than owning.

Where your budget reaches nearby

Anderson$136K Fall Creek$175K Richland$175K Anderson$119K Salem$180K Adams$231K

How Union ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Union’s typical property tax (0.73% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

89% of Union households own their home

Half of Union’s homes were built before 1974.

Owners and renters

Own 89%Rent 11%

Indiana: 71% own.

1974

typical home built · IN 1976

$1,259

median property tax bill · IN $1,614

0.73%

of a home’s value, a year in tax · IN 0.74%

U.S. Census Bureau, American Community Survey 2020-2024.

Price trend

Home prices up 63% in 5 years

The federal house price index for the ZIP codes around Union rose 63% over the past 5 years, faster than across Indiana (53%). Last year prices rose 2.3%. Carrying the Census median home value forward with that index puts the typical Union home at roughly $204,000 today.

Union areaIndiana

+2.3%

past year

+63%

past 5 years

+114%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $204K.

How Union ranks on rising home prices →

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Union, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Renting

A two-bedroom rents for about $1,240

Renters already here pay a median of $963, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$920

1 bedroom$950

2 bedrooms$1,240

3 bedrooms$1,640

4 bedrooms$1,640

11%

of households rent · IN 29%

400

renter households

51%

of renters spend 30%+ of income on rent · IN 48%

20%

of the median income, for a two-bedroom

$963

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Anderson, IN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Union vs. its neighbors

Union is the 2nd priciest of 7 neighboring towns. Tap one to see its housing page.

Adams$231K Union$204K Salem$180K Richland$175K Fall Creek$175K Anderson$136K Anderson$119K

Compare more

Town	Typical value	1-yr change	2-bed rent	New homes 2025	Median income
Union	$204K*	+2.3%†	$1,240	—	$75,795
Anderson	$136K	+2.1%	$1,260	—	$48,653
Fall Creek	$175K*	+13%†	$980	—	$69,350
Richland	$175K*	+3.3%†	$1,190	—	$63,901
Anderson	$119K*	+6.7%†	$1,260	56	$46,909
Salem	$180K*	+7%†	$990	—	$70,406
Adams	$231K*	+4.5%†	$1,310	—	$82,500

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Union buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Union still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.