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Union

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

Median Home$116,666
Median Rent$738/month
Population2,074
Leading IndustriesProfessional Services · Finance & Insurance · Retail2% professional services
Home Value Growth-0.1% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners80% of occupied units
NotableAffordable Market$117k median home · lower cost than 86% of the country
Union
MS

Frequently Asked Questions

What are today's mortgage rates in Union?

As of today, the 30-year fixed mortgage rate for Union is approximately 6.874% (6.909% 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 $117k. The median monthly rent is $738. Annual property taxes average $628. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Union?

Home values in Union have decreased 0.1% over the past two years. Buyers may find more negotiating room in this market. 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 $515/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $22k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Union is $54k/year.

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What industries drive the economy in Union?

The largest employment sectors in Union are public administration (20%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.