Total monthly cost of ownership
Cost to Own a Home in Union, Missouri
A $199,000 home here costs
$1,723per 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 $74,000 a year.
A standard mortgage calculator would have told you $1,085. The real number is $638 higher every month, 59% more than the payment most buyers budget for.
Compare Franklin County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Union against Franklin County and Missouri
| Measure | Union | Franklin County |
|---|---|---|
| Median home value | $199,100 | $214,900 |
| Median property tax | $1,680 | $1,774 |
| Effective tax rate | 0.844% | 0.826% |
| Median gross rent | $847 | $874 |
| Population | 12,560 | 105,316 |
The weather behind that power bill
Union sits in Franklin County, which averages a high of 90.6°F in its hottest month and a low of 22.9°F in its coldest, with 44.96" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,485 cooling and 4,400 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Franklin County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Franklin County
Full Franklin County cost breakdown · Every county in Missouri
Talk to someone who works this market
These are Union 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 every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Union?
A $199,000 home in Union, Missouri costs approximately $1,723 per month with 20% down at 7.24%. That is $1,085 principal and interest, $140 property tax, $104 homeowners insurance, $228 utilities and $166 set aside for maintenance.
What is the property tax rate in Union?
Union has an effective property tax rate of 0.844%, based on a median home value of $199,100 and median real estate taxes of $1,680. That is higher than the Franklin County average of 0.826%.
What is the average home price in Union?
The median owner-occupied home value in Union, Missouri is $199,100, against $214,900 across Franklin County.
Is it cheaper to rent or buy in Union?
Median gross rent in Union is $847 a month, against $1,723 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?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Union, Missouri at today's rate takes a household income of roughly $74,000 a year. That covers the full $1,723 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Union, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Missouri.
- 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.