The typical owner-occupied home in Union City is worth about $107,500, 54% below the Michigan median of $231,600 and 68% below the national median of $332,700. Owners pay a median $1,518 a year in property taxes, about 1.41% of their home's value, higher than the Michigan rate of 1.25%. The median household earns $62,788 a year, so the median home costs 1.7 times the median income (3.2 times for Michigan). 68% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
Union City at a glance
| Union City | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $107,500 | $231,600 | $332,700 |
| Median property tax paid per year | $1,518 | $2,904 | $3,119 |
| Property tax as a share of value | 1.41% | 1.25% | 0.94% |
| Median household income | $62,788 | $72,875 | $80,734 |
| Homes lived in by their owners | 68% | 73% | 65% |
| Owner homes with a mortgage | 56% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,176 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 17.7% | 19.3% | 21.0% |
| Median rent | $935 | $1,129 | $1,413 |
| Rent as a share of renters' income | 27.7% | 30.2% | 30.6% |
| Median year homes were built | 1941 | 1972 | 1980 |
| Vacant homes | 17.3% | 11.8% | 10.1% |
| Population | 1,940 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Union City
At this week's average 30-year rate of 7.11%, buying the median Union City home of $107,500 with 20% down costs about $750 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $929, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $32,127 for the 20%-down payment. That payment is 14% of the median Union City household income of $62,788; at that income and 20% down, the 28% guideline points to a home of about $210,000.
The median rent here is $935 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,500 |
|---|---|
| Loan amount | $86,000 |
| Principal and interest | $579 |
| Property taxes (1.41% a year) | $126 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| PMI | $0 |
| Total per month | $750 |
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| Down payment | $3,762 |
|---|---|
| Loan amount | $105,553 |
| Principal and interest | $710 |
| Property taxes (1.41% a year) | $126 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| FHA mortgage insurance | $48 |
| Total per month | $929 |
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Questions about home buying in Union City
What is the median home value in Union City?
About $107,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Union City?
Homeowners pay a median $1,518 a year, which is about 1.41% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Union City?
For the median home with 20% down at 7.11%, the payment is about $750 a month. Keeping that under 28% of gross income takes about $32,127 a year.
More about Union City
- Mortgage Refinance in Union City
- Debt Relief in Union City
- Home Equity Loans in Union City
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data