Union County, Indiana Housing Market
In Union County, Indiana, the median home value is $173,500, with a median monthly rent of $760. This places Union County at #1728 nationally out of 3134 counties by median home value, and #53 within Indiana.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $902
- Establishments: 144
- BLS QCEW, 2025
Housing Supply
- Single-family: 10
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,864 (avg $60,036)
- Outflow: 2,788 (avg $59,917)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Union County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 47374 | 175.4 | +8.01% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Union County Compares
| Metric | Union County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $173,500 | $191,898 | $227,706 |
| Median Gross Rent | $760 | $910 | $968 |
| Owner Occupancy Rate | 79.8% | 76.3% | 73.3% |
| Price/Rent Ratio | 19.0 | 17.5 | 18.7 |
Market Analysis
The median home value in Union County is 9.6% below the Indiana state average and 23.8% below the U.S. national average. The median rent of $760/month is 16.5% below the state average.
With a price-to-rent ratio of 19.0, the buy-vs-rent decision in Union County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Union County has an owner-occupancy rate of 79.8%, compared to 76.3% in Indiana and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Linn County | Kansas | $173,600 | $691 |
| Christian County | Kentucky | $173,600 | $1,040 |
| Day County | South Dakota | $173,600 | $660 |
| Lewis County | Tennessee | $173,400 | $708 |
| Orange County | Texas | $173,400 | $1,100 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Tipton County | $174,600 | $842 | 81.4% |
| Owen County | $172,400 | $911 | 81.4% |
| Washington County | $172,200 | $780 | 82.1% |
| Lawrence County | $175,000 | $845 | 80.7% |
| Montgomery County | $171,800 | $858 | 80.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).