Union County, Kentucky Housing Market
In Union County, Kentucky, the median home value is $104,500, with a median monthly rent of $790. This places Union County at #2865 nationally out of 3134 counties by median home value, and #103 within Kentucky.
📈 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: $1,212
- Establishments: 356
- BLS QCEW, 2025
Migration Patterns
- Inflow: 5,012 (avg $64,965)
- Outflow: 4,833 (avg $66,101)
- 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 | 42437 | 208.7 | — | 2024 |
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 | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $104,500 | $160,835 | $227,706 |
| Median Gross Rent | $790 | $793 | $968 |
| Owner Occupancy Rate | 70.2% | 73.4% | 73.3% |
| Price/Rent Ratio | 11.0 | 16.6 | 18.7 |
Market Analysis
The median home value in Union County is 35.0% below the Kentucky state average and 54.1% below the U.S. national average. The median rent of $790/month is about equal to the state average.
With a price-to-rent ratio of 11.0, 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 70.2%, compared to 73.4% in Kentucky 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 |
|---|---|---|---|
| Stark County | Illinois | $104,500 | $735 |
| Allen Parish | Louisiana | $104,500 | $775 |
| McKean County | Pennsylvania | $104,500 | $809 |
| Williamsburg County | South Carolina | $104,500 | $765 |
| Quitman County | Georgia | $104,600 | $918 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Metcalfe County | $110,200 | $582 | 77.7% |
| Floyd County | $98,700 | $672 | 72.2% |
| Butler County | $111,100 | $679 | 73.7% |
| Jackson County | $111,500 | $665 | 77.4% |
| Lawrence County | $111,700 | $760 | 77.8% |
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).