Union County, Tennessee 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 15% above the Tennessee median More expensive than 80% of counties in Tennessee$294,999
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Median rent 29% below the Tennessee median$846
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Union County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $294,999 | $255,786 | $248,835 |
| Price Trend (Annual %) | 4.9% | 9.9% | 7.5% |
| Median Gross Rent | $846 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Union County is about 15% higher than in Tennessee. Rent is about 29% lower than the Tennessee average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Union County, up about 4.9% and 5.3% a year respectively. Rent is changing faster.
Median rent in Union County rose about 44.8% between 2015 and 2024, from $584 to $846. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Union County.
Buying the median-priced home in Union County costs roughly 29.1 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 Tennessee is about 17.9.
| Metric | Union County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $294,999 | $255,786 | $248,835 |
| Median Household Income | $63,970 | $69,901 | $80,455 |
| Price-to-Income Ratio | 4.6 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Union County rose about 144.7%, while median household income rose about 79.3% 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 | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.7% | 60.1% | 58.5% |
| Rental Rate | 16.0% | 29.7% | 31.2% |
| Vacancy Rate | 19.3% | 10.2% | 10.2% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Union County has a homeownership rate of 64.7%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 19.3%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Union County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1992 | 1986 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Union County was built around 1992. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 18.0 years on average.
Union County, TN Housing Compared With Nearby Counties
Union County, TN is the smallest of the 5 counties compared here, 20,431 residents against a local median of 59,457. Where Union County, TN breaks from the counties next to it is median home price, sitting 37% above the local median of $214,905 at $294,999.
The counties themselves spread $56,429 on median home price, so Union County, TN sits at one end of an already wide local range rather than apart from it. Union County, TN has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Union County, TN | 20,431 | $294,999 #1/5 | $846 #3/5 | 80.2% #1/5 |
| Claiborne County, TN | 32,466 | $207,311 | $744 | 72.2% |
| Knox County, TN | 494,148 | $263,740 | $1,261 | 65.2% |
| Campbell County, TN | 39,761 | $219,444 | $716 | 69.2% |
| Anderson County, TN | 79,153 | $210,366 | $1,031 | 71.7% |
Frequently Asked Questions
Common questions about the housing market in Union County, Tennessee.
What is the median home price in Union County, Tennessee?
The median home price in Union County, Tennessee is $294,999, higher than the Tennessee average of $255,786.
What is the average home price in Union County, Tennessee?
The typical home price in Union County, Tennessee, reported as the median sale price, is $294,999. 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, Tennessee?
The median gross rent in Union County, Tennessee is $846 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Union County in 2020?
In 2020, the median gross rent in Union County, Tennessee was $707 per month.
What is the price-to-rent ratio in Union County, Tennessee?
The price-to-rent ratio in Union County, Tennessee is about 29.1, meaning it would take roughly 29.1 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, Tennessee?
Both home prices and rent are rising in Union County, up about 4.9% and 5.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Union County, Tennessee?
64.7% of households in Union County, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in Union County, Tennessee?
The housing vacancy rate in Union County, Tennessee is 19.3%, higher than the Tennessee average of 10.2%.
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