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Union County, NC

Sandy Ridge

RANK #848 / 996 NAT  ·  #40 / 51 NC  ·  POP 240,109

1YR FORECAST: -0.0%

5YR OUTLOOK: +14%

Our model projects Union County's housing market at -0.0% over the next year, underperforming most U.S. counties.

[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] Top Employers

  1. 1
    Union County Public Schools Education
    25,000+
  2. 2
    Tyson Foods Agriculture
    2,500+
  3. 3
    Pilgrim's Pride Agriculture
  4. 4
    Union County Government Government
    1,000+
  5. 5
    ATI Specialty Materials Manufacturing
    500+
  6. 6
    Duke Foods Manufacturing
    250+
  7. 7
    Charlotte Pipe and Foundry Manufacturing
  8. 8
    Greiner Bio-One Manufacturing
  9. 9
    Union Power Cooperative Energy
  10. 10
    Collins Aerospace Monroe Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
38.4%
of residents (national avg: 33%)

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] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.8
per 100K · nat avg 6.3
Firearm Fatalities
9.1
per 100K · nat avg 14.8
Injury Deaths
56.2
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
42.0
Good
Good Air Days
86%
628 of 733 days
Unhealthy+ Days (3yr)
2
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
42
2022
41
2023
43
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

The data is not encouraging — Union County scores just 14/100 on the Boom Town Index, ranking #848 of 996 counties. Job growth at +3.0% and median household income of $95,533 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Union County affordable?

Housing in Union County is roughly in line with national affordability norms. The median home costs $336,600 and the income-to-home-value ratio sits at 0.28, with rents averaging $1,274/month. Not a bargain, but not a stretch for most local earners either.

Is Union County growing or shrinking?

Union County is growing on multiple fronts. Population is up +1.9% year-over-year while employers added jobs at a +3.0% clip. Home values shifted -0.3% in the past year.

Are people moving to Union County?

There's a moderate stream of newcomers. About 4.29% of residents moved from another state, which is above average and suggests Union County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Gaston County, NC 13 Cabarrus County, NC 16 Moore County, NC 17 Lincoln County, NC 10 Orange County, NC 9 Mecklenburg County, NC 8 Clay County, FL 14 Deschutes County, OR 14