Union County, Indiana Housing Market Prices
Union County Home Prices and Rent at a Glance
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 145% above the Indiana median Among the 5 most expensive counties in Indiana$350,000
-
Median rent 28% below the Indiana median Cheaper than 88% of counties in Indiana$760
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Union County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $350,000 | $142,738 | $248,835 |
| Price Trend (Annual %) | 127.2% | 7.2% | 7.5% |
| Median Gross Rent | $760 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 1.0% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Union County is about 145% higher than in Indiana. Rent is about 28% lower than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Union County, up about 127.2% and 1.0% a year respectively. Home prices are changing faster.
Median rent in Union County rose about 16.8% between 2015 and 2024, from $650 to $760. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Union County.
Buying the median-priced home in Union County costs roughly 38.4 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 Indiana is about 11.2.
| Metric | Union County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $350,000 | $142,738 | $248,835 |
| Median Household Income | $76,761 | $71,967 | $80,455 |
| Price-to-Income Ratio | 4.6 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Union County rose about 248.3%, while median household income rose about 62.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Union County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.1% | 64.4% | 58.5% |
| Rental Rate | 18.2% | 26.9% | 31.2% |
| Vacancy Rate | 9.7% | 8.8% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Union County has a homeownership rate of 72.1%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 9.7%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Union County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1971 | 1975 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Union County was built around 1971. On average, 2.4 people live in a home with about 6.2 rooms, staying for about 15.0 years on average.
Union County, IN Housing Compared With Nearby Counties
Union County, IN is the smallest of the 5 counties compared here, 6,985 residents against a local median of 53,581. The measure that sets Union County, IN apart most is median home price: $350,000, more than 4 times the local median of $77,372.
The counties themselves sit within $102,206 of each other on median home price, a tighter band than the gap between any of them and Union County, IN, which makes it a genuine outlier here rather than one end of a wide local spread. Union County, IN has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Union County, IN | 6,985 | $350,000 #1/5 | $760 #5/5 | 79.8% #1/5 |
| Wayne County, IN | 66,397 | $62,500 | $815 | 69.2% |
| Fayette County, IN | 23,334 | $65,723 | $790 | 72.1% |
| Preble County, OH | 40,765 | $164,705 | $794 | 79.7% |
| Butler County, OH | 393,616 | $89,021 | $1,134 | 69.9% |
Frequently Asked Questions
Common questions about the housing market in Union County, Indiana.
What is the median home price in Union County, Indiana?
The median home price in Union County, Indiana is $350,000, higher than the Indiana average of $142,738.
What is the average home price in Union County, Indiana?
The typical home price in Union County, Indiana, reported as the median sale price, is $350,000. 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, Indiana?
The median gross rent in Union County, Indiana is $760 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Union County in 2020?
In 2020, the median gross rent in Union County, Indiana was $825 per month.
What is the price-to-rent ratio in Union County, Indiana?
The price-to-rent ratio in Union County, Indiana is about 38.4, meaning it would take roughly 38.4 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, Indiana?
Both home prices and rent are rising in Union County, up about 127.2% and 1.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Union County, Indiana?
72.1% of households in Union County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Union County, Indiana?
The housing vacancy rate in Union County, Indiana is 9.7%, higher than the Indiana average of 8.8%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →