Total monthly cost of ownership
Cost to Own a Home in Union City, Indiana
A $80,000 home here costs
$825per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $35,500 a year.
A standard mortgage calculator would have told you $436. The real number is $389 higher every month, 89% more than the payment most buyers budget for.
Compare Randolph County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Union City from a five-year rolling sample, and with about 3,477 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Randolph County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Union City against Randolph County and Indiana
| Measure | Union City | Randolph County |
|---|---|---|
| Median home value | $80,100 | $106,000 |
| Median property tax | $801 | $881 |
| Effective tax rate | 1.000% | 0.831% |
| Median gross rent | $662 | $741 |
| Population | 3,477 | 24,425 |
The weather behind that power bill
Union City sits in Randolph County, which averages a high of 82.8°F in its hottest month and a low of 17.8°F in its coldest, with 40.06" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 830 cooling and 5,983 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for Randolph County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Randolph County
Full Randolph County cost breakdown · Every county in Indiana
Talk to someone who works this market
These are Union City averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Union City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Union City I already own here and may sell
Common questions
How much does it cost to own a home in Union City?
A $80,000 home in Union City, Indiana costs approximately $825 per month with 20% down at 7.24%. That is $436 principal and interest, $67 property tax, $34 homeowners insurance, $221 utilities and $67 set aside for maintenance.
What is the property tax rate in Union City?
Union City has an effective property tax rate of 1.000%, based on a median home value of $80,100 and median real estate taxes of $801. That is higher than the Randolph County average of 0.831%.
What is the average home price in Union City?
The median owner-occupied home value in Union City, Indiana is $80,100, against $106,000 across Randolph County.
Is it cheaper to rent or buy in Union City?
Median gross rent in Union City is $662 a month, against $825 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Union City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Union City, Indiana at today's rate takes a household income of roughly $35,500 a year. That covers the full $825 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Union City, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Indiana.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.