Union County, Iowa Housing Market
In Union County, Iowa, the median home value is $122,000, with a median monthly rent of $721. This places Union County at #2599 nationally out of 3134 counties by median home value, and #86 within Iowa.
📈 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: $903
- Establishments: 398
- BLS QCEW, 2025
Housing Supply
- Single-family: 5
- Multi-family: 18
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,663 (avg $63,133)
- Outflow: 4,378 (avg $64,333)
- IRS Statistics of Income
🔗 Explore Union County on Our Sister Sites
Get the complete picture for Union County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Union County Compares
| Metric | Union County | Iowa Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $122,000 | $171,037 | $227,706 |
| Median Gross Rent | $721 | $832 | $968 |
| Owner Occupancy Rate | 72.1% | 75.8% | 73.3% |
| Price/Rent Ratio | 14.1 | 17.0 | 18.7 |
Market Analysis
The median home value in Union County is 28.7% below the Iowa state average and 46.4% below the U.S. national average. The median rent of $721/month is 13.3% below the state average.
With a price-to-rent ratio of 14.1, buying a home in Union County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Union County has an owner-occupancy rate of 72.1%, compared to 75.8% in Iowa and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Ford County | Illinois | $122,000 | $923 |
| Seminole County | Georgia | $121,900 | $879 |
| Massac County | Illinois | $121,900 | $756 |
| Audubon County | Iowa | $121,900 | $759 |
| St. Lawrence County | New York | $121,900 | $818 |
Other Counties in Iowa
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Audubon County | $121,900 | $759 | 76.2% |
| Hardin County | $122,500 | $795 | 73.6% |
| Osceola County | $122,600 | $797 | 77.9% |
| Montgomery County | $121,400 | $814 | 69.1% |
| Palo Alto County | $123,200 | $638 | 77.1% |
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).