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Union County, NC

RANK #731 / 996  ·  POP 240,109  ·  NC

PROJECTED GROWTH: -0.1%

Union County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Union County?

Union County, North Carolina, offers a blend of rural landscapes and suburban amenities, situated in the southern Piedmont region, bordering South Carolina and just southeast of Charlotte. Locals often highlight the town of Waxhaw, known for its historic downtown and antique shops, or Cane Creek Park, a large water-based recreation area with a 350-acre lake for fishing, boating, and hiking. Commuting to Charlotte is feasible, with express bus services available from towns like Indian Trail and Monroe. The county maintains a community feel, with rolling hills and agricultural areas providing a scenic backdrop for outdoor activities.

Life in Union County attracts families and professionals seeking a balance between country living and access to urban conveniences. The public school system is highly rated, serving nearly 40,000 students across 53 schools. The economy, historically rooted in agriculture, has diversified, with significant growth in manufacturing, aerospace, and pharmaceutical sectors. This expansion is supported by workforce development initiatives and a focus on agribusiness, including a new Food Innovation Center designed to support local food production and entrepreneurs.

[02] Market Snapshot

Housing Ratio
8.1x

Overvalued relative to economy

GDP Growth
+5.6%

Well above national median

Home Prices
-0.3%

Prices declining

Climate & Terrain
-0.3

Below-average climate & terrain

Price/Rent
14x

Above national median (13x)

Housing looks overvalued at 8.1x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Union County U.S. National

The Numbers

DEMOGRAPHICS
Population
240,109
+1.87% YoY
Median Household Income
$95,533
Median Home Value
$336,600
-0.29% 12mo
Median Rent
$1,274
Average Annual Pay
$61,500
+4.7% YoY
Employment
74,299
+3.0% YoY
Income-to-Home-Value
0.2838
More affordable than average
Migration Inflow
4.29%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$429,499
Days on Market
80
Slower market
Months of Supply
4.5
Balanced market
Sale-to-List Ratio
98.6%
Near asking price
Sold Above List
12.6%
Listings w/ Price Drops
26.6%
Building Permits (2024)
2,334
Single-Family Permits
2,166

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$337M
TOTAL
PROJECT AMOUNT STATUS
Advanced Manufacturing Facility (Project Seven)
Confidential Company
$200M Planned
Monroe Solar Facility
Duke Energy Carolinas, LLC
$60M Operating
Dymax Corporation Manufacturing Center
Dymax Corporation
$47M Planned
Briolf USA Manufacturing Center
Briolf USA LLC (Briolf Group)
$30M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +5.6% 88 percentile
Population Growth +1.9% 88 percentile
Income Growth +8.0% 36 percentile
Vacancy Rate 0.5% 94 percentile
Home Price Change -0.3% 28 percentile
Rent Growth +1.2% 23 percentile
Price/Rent 14x 47 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Union County, NC a good place to move to?

Union County has a Boom Town Index score of 27/100, ranking #731 among 996 U.S. counties. With job growth at +3.0% and a median household income of $95,533, it faces some economic headwinds compared to faster-growing counties.

Is Union County affordable?

The median home value in Union County is $336,600 with median rent at $1,274/month. The income-to-home-value ratio is 0.2838, which is more affordable than the national average.

Is Union County growing or shrinking?

Population growth: +1.9% year-over-year. Job growth: +3.0%. Home values changed -0.3% in the past 12 months.

Are people moving to Union County?

Yes — 4.29% of Union County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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