Total monthly cost of ownership
Cost to Own a Home in Union City, Tennessee
A $138,000 home here costs
$1,166per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $709. The real number is $456 higher every month — 64% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Union City against Obion County and Tennessee
| Measure | Union City | Obion County |
|---|---|---|
| Median home value | $138,400 | $122,700 |
| Median property tax | $1,026 | $697 |
| Effective tax rate | 0.741% | 0.568% |
| Median gross rent | $732 | $770 |
| Population | 11,040 | 30,570 |
The weather behind that power bill
Union City sits in Obion County, which averages a high of 88.4°F in its hottest month and a low of 26.9°F in its coldest, with 53.79" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,526 cooling and 4,060 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Obion County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Obion County
Full Obion County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Union City?
A $138,000 home in Union City, Tennessee costs approximately $1,166 per month with 20% down at 6.66%. That is $709 principal and interest, $85 property tax, $58 homeowners insurance, $198 utilities and $115 set aside for maintenance.
What is the property tax rate in Union City?
Union City has an effective property tax rate of 0.741%, based on a median home value of $138,400 and median real estate taxes of $1,026. That is higher than the Obion County average of 0.568%.
What is the average home price in Union City?
The median owner-occupied home value in Union City, Tennessee is $138,400, against $122,700 across Obion County.
Is it cheaper to rent or buy in Union City?
Median gross rent in Union City is $732 a month, against $1,166 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
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 Tennessee.
- 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.