Union County, Kentucky 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.
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Median home price 69% below the Kentucky median Cheaper than 86% of counties in Kentucky$36,764
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Median rent 18% below the Kentucky median$789
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Union County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $36,764 | $118,017 | $248,835 |
| Price Trend (Annual %) | -7.3% | 3.8% | 7.5% |
| Median Gross Rent | $789 | $967 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Union County is about 69% lower than in Kentucky. Rent is about 18% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Union County: home prices fell about 7.3% a year while rent rose about 4.5% a year. That is an unusual pattern worth watching.
Median rent in Union County rose about 45.6% between 2015 and 2024, from $542 to $789. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in Union County.
Buying the median-priced home in Union County costs roughly 3.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Union County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Union County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $36,764 | $118,017 | $248,835 |
| Median Household Income | $60,386 | $64,312 | $80,455 |
| Price-to-Income Ratio | 0.6 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Union County fell about 64.3%, while median household income rose about 39.3% between 2009 and 2025 — 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 | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.5% | 61.3% | 58.5% |
| Rental Rate | 26.5% | 28.4% | 31.2% |
| Vacancy Rate | 11.1% | 10.3% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Union County has a homeownership rate of 62.5%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 11.1%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Union County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1977 | 1981 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Union County was built around 1977. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Union County, Kentucky.
What is the median home price in Union County, Kentucky?
The median home price in Union County, Kentucky is $36,764, lower than the Kentucky average of $118,017.
What is the average home price in Union County, Kentucky?
The typical home price in Union County, Kentucky, reported as the median sale price, is $36,764. 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, Kentucky?
The median gross rent in Union County, Kentucky is $789 per month, lower than the Kentucky average of $967.
What was the median gross rent in Union County in 2020?
In 2020, the median gross rent in Union County, Kentucky was $614 per month.
What is the price-to-rent ratio in Union County, Kentucky?
The price-to-rent ratio in Union County, Kentucky is about 3.9, meaning it would take roughly 3.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Union County.
Are home prices or rent rising faster in Union County, Kentucky?
Home prices and rent are moving in opposite directions in Union County: home prices fell about 7.3% a year while rent rose about 4.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Union County, Kentucky?
62.5% of households in Union County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Union County, Kentucky?
The housing vacancy rate in Union County, Kentucky is 11.1%, higher than the Kentucky average of 10.3%.
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