Union County, Tennessee Housing Market
In Union County, Tennessee, the median home value is $204,000, with a median monthly rent of $847. This places Union County at #1360 nationally out of 3134 counties by median home value, and #49 within Tennessee.
📈 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: $922
- Establishments: 260
- BLS QCEW, 2025
Housing Supply
- Single-family: 154
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,592 (avg $59,946)
- Outflow: 6,953 (avg $57,593)
- 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 | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $204,000 | $223,385 | $227,706 |
| Median Gross Rent | $847 | $892 | $968 |
| Owner Occupancy Rate | 80.2% | 74.1% | 73.3% |
| Price/Rent Ratio | 20.1 | 20.5 | 18.7 |
Market Analysis
The median home value in Union County is 8.7% below the Tennessee state average and 10.4% below the U.S. national average. The median rent of $847/month is 5.0% below the state average.
With a price-to-rent ratio of 20.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Union County has an owner-occupancy rate of 80.2%, compared to 74.1% in Tennessee 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 |
|---|---|---|---|
| Champaign County | Ohio | $204,000 | $905 |
| Washington County | Iowa | $203,900 | $879 |
| Jackson County | Texas | $203,900 | $1,065 |
| Accomack County | Virginia | $204,300 | $977 |
| Irion County | Texas | $204,400 | $1,950 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Stewart County | $204,700 | $945 | 81.1% |
| Rhea County | $206,000 | $839 | 71.5% |
| White County | $207,200 | $849 | 76.9% |
| Greene County | $207,500 | $737 | 77.1% |
| Hamblen County | $210,900 | $857 | 69.8% |
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).