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Union

Learn about the people, housing, costs and businesses in Union, Iowa

Median Home$109,500
Median Rent$700/month
Population399
Leading IndustriesTransportation · Public Administration · Information & Media5% transportation
Home Value Growth+1.5% over 2 years
Young Adults27% of residentsnear the national average
Homeowners90% of occupied units
NotableAffordable Market$110k median home · lower cost than 89% of the country
NotableHighly Educated26% bachelor's · 13% graduate · top 16% nationally
Union
IA

Frequently Asked Questions

What are today's mortgage rates in Union?

As of today, the 30-year fixed mortgage rate for Union is approximately 6.955% (6.993% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Union?

The median home value in Union is $110k. The median monthly rent is $700. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Union?

Home values in Union have increased 1.5% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Union?

Based on a typical all-in ownership cost of $707/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Union is $76k/year.

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What industries drive the economy in Union?

The largest employment sectors in Union are public administration (28%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.