The typical owner-occupied home in Union is worth about $115,600, 52% below the Nebraska median of $238,600 and 65% below the national median of $332,700. Owners pay a median $2,104 a year in property taxes, about 1.82% of their home's value, higher than the Nebraska rate of 1.49%. The median household earns $64,000 a year, so the median home costs 1.8 times the median income (3.1 times for Nebraska). 84% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Union at a glance
| Union | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $115,600 | $238,600 | $332,700 |
| Median property tax paid per year | $2,104 | $3,549 | $3,119 |
| Property tax as a share of value | 1.82% | 1.49% | 0.94% |
| Median household income | $64,000 | $76,475 | $80,734 |
| Homes lived in by their owners | 84% | 67% | 65% |
| Owner homes with a mortgage | 47% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,286 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 18.6% | 19.5% | 21.0% |
| Median rent | $1,075 | $1,072 | $1,413 |
| Rent as a share of renters' income | 40.0% | 27.9% | 30.6% |
| Median year homes were built | 1938 | 1975 | 1980 |
| Vacant homes | 11.5% | 7.6% | 10.1% |
| Population | 215 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Union
At this week's average 30-year rate of 7.11%, buying the median Union home of $115,600 with 20% down costs about $846 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,038, 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 $36,240 for the 20%-down payment. That payment is 16% of the median Union household income of $64,000; at that income and 20% down, the 28% guideline points to a home of about $204,000.
The median rent here is $1,075 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $23,120 |
|---|---|
| Loan amount | $92,480 |
| Principal and interest | $622 |
| Property taxes (1.82% a year) | $175 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| PMI | $0 |
| Total per month | $846 |
Change the numbers in the calculator
| Down payment | $4,046 |
|---|---|
| Loan amount | $113,506 |
| Principal and interest | $764 |
| Property taxes (1.82% a year) | $175 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| FHA mortgage insurance | $51 |
| Total per month | $1,038 |
Change the numbers in the calculator
Questions about home buying in Union
What is the median home value in Union?
About $115,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Union?
Homeowners pay a median $2,104 a year, which is about 1.82% 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?
For the median home with 20% down at 7.11%, the payment is about $846 a month. Keeping that under 28% of gross income takes about $36,240 a year.
More about Union
- Mortgage Refinance in Union
- Debt Relief in Union
- Home Equity Loans in Union
- 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