Housing in Union

A typical Union home is worth roughly $337,000

Home prices around Union have risen about 75% over the past 5 years.

Typical home value

$337K

▲ 13.9% in a year · IN $260K

Estimate

2-bedroom rent

$970

a month, utilities in · HUD

Median tax bill

$892

IN $1,614

What kind of housing town is Union?

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

Prices climbing fastUp 13.9% in a year.A second-home town45% of homes are seasonal or vacation homes.Pricier than IN30% above the Indiana typical home.A town of owners91% of households own their home.

★ What stands out · Price trend

Home prices up 75% in 5 years

The federal house price index for the ZIP codes around Union rose 75% over the past 5 years, faster than across Indiana (53%). Last year prices rose 14%. Carrying the Census median home value forward with that index puts the typical Union home at roughly $337,000 today.

Union areaIndiana

+14%

past year

+75%

past 5 years

+118%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $337K.

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.

The homes

91% of Union households own their home

Half of Union’s homes were built before 1987.

Owners and renters

Own 91%Rent 9%

Indiana: 71% own.

1987

typical home built · IN 1976

$892

median property tax bill · IN $1,614

0.39%

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

45%

of homes are seasonal or vacation homes

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

Affordability

A typical home costs 4.5 years of income

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

You could afford about

$318,000

Typical Union home $337K

That’s $19K short of a typical Union home.

The typical home, each month

$1,880

Loan $1,670Tax $110Insurance $100

A two-bedroom rents for about $970 a month here, $910 less than owning.

Where your budget reaches nearby

Adams$148K Clinton$112K Jackson$283K Russell$252K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Union’s typical property tax (0.39% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $970

Fair Market Rent a month, utilities included

Studio$700

1 bedroom$750

2 bedrooms$970

3 bedrooms$1,260

4 bedrooms$1,480

of households rent · IN 29%

renter households

70%

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

15%

of the median income, for a two-bedroom

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Parke County, IN): 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 priciest of 5 neighboring towns. Tap one to see its housing page.

Union$337K Jackson$283K Russell$252K Adams$148K Clinton$112K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Union	$337K*	+13.9%†	$970	$75,705
Adams	$148K*	+14.5%†	$960	$61,190
Clinton	$112K*	+4.1%†	$1,020	$47,917
Greene	—	+14.5%†	$960	$102,946
Jackson	$283K*	+5.9%†	$1,050	$119,125
Russell	$252K*	—	$1,070	$75,125

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.