Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Union County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $323,039 | $238,631 | $242,182 |
| Price Trend (Annual %) | 6.7% | 9.0% | 8.2% |
| Median Gross Rent | $842 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 3.3% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Union County is about 35% higher than in Georgia. Rent is about 36% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Union County, up about 6.7% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Union County rose about 34.7% between 2015 and 2023, from $625 to $842. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Union County.
Buying the median-priced home in Union County costs roughly 32.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Union County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Union County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $323,039 | $238,631 | $242,182 |
| Median Household Income | $66,685 | $74,683 | $78,145 |
| Price-to-Income Ratio | 4.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Union County rose about 50.6%, while median household income rose about 74.5% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Union County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.9% | 58.4% | 58.2% |
| Rental Rate | 12.7% | 31.0% | 31.3% |
| Vacancy Rate | 26.4% | 10.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Union County has a homeownership rate of 60.9%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 26.4%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Union County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1994 | 1989 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Union County was built around 1994. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Union County, Georgia.
What is the median home price in Union County, Georgia?
The median home price in Union County, Georgia is $323,039, higher than the Georgia average of $238,631.
What is the average home price in Union County, Georgia?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Union County, Georgia?
The median gross rent in Union County, Georgia is $842 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Union County in 2020?
In 2020, the median gross rent in Union County, Georgia was $705 per month.
What is the price-to-rent ratio in Union County, Georgia?
The price-to-rent ratio in Union County, Georgia is about 32.0, meaning it would take roughly 32.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Union County.
Are home prices or rent rising faster in Union County, Georgia?
Both home prices and rent are rising in Union County, up about 6.7% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Union County, Georgia?
60.9% of households in Union County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Union County, Georgia?
The housing vacancy rate in Union County, Georgia is 26.4%, higher than the Georgia average of 10.6%.