Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 67,039, 20,860 total housing units (homes and apartments), and a median house value of $1,392,739, Union City house prices are not only among the most expensive in California, Union City real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Union City, accounting for 60.91% of the city's housing units. Other types of housing that are prevalent in Union City include large apartment complexes or high rise apartments ( 17.20%), row houses and other attached homes ( 11.57%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.57%).
The most prevalent building size and type in Union City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.94% owning and 35.06% renting.
There is a lot of housing in Union City built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Union City built between 1940-1969 ( 18.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.81%). There's also some housing in Union City built before 1939 ( 2.03%).
In the last 10 years, Union City has experienced some of the highest home appreciation rates of any community in the nation. Union City real estate appreciated 127.25% over the last ten years, which is an average annual home appreciation rate of 8.56%, putting Union City in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Union City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Union City that despite a nationwide downturn in the housing market, Union City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Union City appreciation rates continue to be some of the highest in America, at 9.50%, which is higher than appreciation rates in 84.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Union City. Union City appreciation rates in the latest quarter were at 2.58%, which equates to an annual appreciation rate of 10.71%.
Relative to California, our data show that Union City's latest annual appreciation rate is higher than 80% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Union City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Union City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Union City real estate investment or home purchase decisions.
$1,392,739
for California
for nation
20,860
$4,275 / per month