Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$444,831−0.7% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 23% have cut their price
Income needed to buy, per year$96,430About 0.9× the local median income ($107,681): affordable for a typical household
Days on market63 daysSlower than a year ago: buyers have time to negotiate
Next 12 months−0.3%Zillow expects prices to stay about flat
The typical home in Union County, NC is worth $444,831, down 0.7% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $404,818, so the area is 9.9% overvalued. It is a buyer's market: homes take about 63 days to sell, listings are up 12% from a year ago, 23% of listings have had a price cut. Zillow expects prices to fall about 0.3% over the next year. A household needs about $96,430 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $107,681. Typical rent is $2,075 a month, or $2,619 for a house. In the latest IRS figures, 4,203 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$444,831
Change in 1 year
−0.7%
Overvalued %
+9.9%
Show 7 more
Fair home value
$404,818
Change in 5 years
+22.0%
Zillow forecast, next 12 months
−0.3%
Home value to income
4.1×
Monthly mortgage payment (20% down)
$2,411
Income needed to afford it
$96,430
Property tax rate
0.57%
Rent and investing
Typical rent
$2,075
Typical rent for houses
$2,619
Price-to-rent ratio
17.9×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,785
Gross rental yield
5.60%
Cap rate (estimate)
3.64%
Market activity
Listings vs a year ago
+12.4%
Days on market
63
Listings with a price cut
23.2%
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Homes for sale
991
Pending sales per 100 listings
40
Asking price per sq ft
$224
People and jobs
Median household income
$107,681
Population change (1 year)
+1.5%
Unemployment rate
4.2%
Show 4 more
Population
267,674
Income adjusted for cost of living
$110,669
Net moves in (IRS)
+4,203
Cost of living (US = 100)
97.3
Schools, risk and environment
School rating (1 to 10)
8.7
FEMA hazard risk score (0 to 100)
89.1
Unhealthy air days a year
0
Show 4 more
Flood risk score
92.5
Wildfire risk score
41.6
Walkability (1 to 20)
6.3
Road, rail and air noise
55 dB
Questions people ask
Is Union County, NC overvalued?
Home prices in Union County, NC are slightly above what local incomes have historically supported: fair value is about $404,818, so the area is 9.9% overvalued.
Is Union County, NC a buyer's or seller's market?
Union County, NC is a buyer's market: homes take about 63 days to sell, listings are up 12% from a year ago, 23% of listings have had a price cut.
Are home prices going down in Union County, NC?
Home values in Union County, NC are down 0.7% over the last year. Zillow's forecast for the next 12 months is −0.3%.
How much do you need to earn to buy a home in Union County, NC?
A household needs about $96,430 a year to afford the typical home in Union County, NC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $107,681.