Union, TN housing market
The typical Union home is worth about $175,000, up 7.7% in a year, 48% below the Tennessee typical home. Homes typically sell in 142 days, below asking.
Home values, sales, trends and how Union compares with the towns next door — updated as new data is published.
Union at a glance
A balanced market
About 5.8 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Union | Tennessee |
|---|---|---|
| 2017 | $102,000 | $174,000 |
| 2018 | $102,000 | $187,000 |
| 2019 | $103,000 | $198,000 |
| 2020 | $113,000 | $215,000 |
| 2021 | $117,000 | $238,000 |
| 2022 | $143,000 | $287,000 |
| 2023 | $151,000 | $313,000 |
| 2024 | $155,000 | $326,000 |
| 2025 | $160,000 | $334,000 |
| 2026 | $169,000 | $333,000 |
| August 2026 | $175,000 | $334,000 |
3 new homes permitted in 2025
Builders were permitted 3 new homes in Union in 2025, all single-family houses. That's 0.3 per 1,000 residents, slower than across Tennessee (7.8). Over the past 10 years, Union has permitted 43 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Union gained 275 residents while 123 new homes were permitted: about 2.2 new residents per new home. Building and growth moved roughly in step. Across Tennessee: 2 new residents per new home.
How Union ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 3 | 3 | 0 | $466,000 |
| 2024 | 3 | 3 | 0 | $466,000 |
| 2023 | 4 | 2 | 2 | $532,000 |
| 2022 | 2 | 2 | 0 | $267,000 |
| 2021 | 12 | 10 | 2 | $1.9 million |
| 2020 | 4 | 4 | 0 | $1.2 million |
| 2019 | 2 | 2 | 0 | $338,000 |
| 2018 | 9 | 9 | 0 | $1.3 million |
| 2017 | 3 | 3 | 0 | $443,000 |
| 2016 | 1 | 1 | 0 | $184,000 |
| 2015 | 68 | 4 | 64 | $4.7 million |
| 2014 | 6 | 6 | 0 | $1.8 million |
| 2013 | 6 | 6 | 0 | $970,000 |
| 2012 | 5 | 5 | 0 | $590,000 |
| 2011 | 6 | 6 | 0 | $595,000 |
| 2010 | 17 | 11 | 6 | $1.5 million |
| 2009 | 11 | 9 | 2 | $623,000 |
| 2008 | 16 | 16 | 0 | $3.1 million |
| 2007 | 14 | 14 | 0 | $1.9 million |
| 2006 | 32 | 32 | 0 | $3.3 million |
| 2005 | 24 | 22 | 2 | $2.7 million |
| 2004 | 37 | 37 | 0 | $4.2 million |
| 2003 | 38 | 38 | 0 | $3.2 million |
| 2002 | 35 | 35 | 0 | $2.9 million |
| 2001 | 20 | 20 | 0 | $1.5 million |
| 2000 | 32 | 28 | 4 | $2.2 million |
Union's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Union ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3.4 years of income
The typical Union home costs about 3.4 years of the town's median household income, less than across Tennessee (4.8 years).
How Union ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $930
HUD's Fair Market Rent for a two-bedroom in Union is $930 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Union pay a median of $739, so moving in tends to cost more than staying put. A two-bedroom takes about 22% of the town's median household income.
Studio $720 · 4 bedrooms $1,360
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (38261; Obion County, TN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.