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Market MapOhioUnion

Union County

OhioPopulation: 63,411
50
/100
Hold
#599 of 1,000 counties
#67 in Ohio (88 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated July 20, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$419,056
Median Home Price
83% above national median
$1,723/mo
Median Rent
19% above national median
4.93%
Rent-to-Price Ratio
Top 77% nationally
-$1,077
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Scenario comparison

Same $1,723/mo rent assumption, 20% down, 6.85% rate. What changes is the acquisition price.
ScenarioPurchase priceMonthly cash flowCap rateCash-on-cash
75% of median
value-add or distressed
$314,292-$528/mo4.3%-8.8%
Median
typical MLS deal
$419,056-$1,077/mo3.2%-13.4%
125% of median
newer / premium
$523,820-$1,626/mo2.6%-16.2%

Price History

Median Home Price

Median Rent

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$419,056
Down Payment (20%)$83,811
Loan Amount$335,245
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,723
Monthly P&I-$2,197
Est. Expenses (35%)-$603
Net Cash Flow-$1,077/mo
3.2%
Cap Rate (all cash)
-13.4%
Cash-on-Cash Return
4.93%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.2% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
50/100
50
Cash Flow(30%)
44/100

Based on 4.93% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
64/100

Based on 1.4% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
40/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Complete rent data available

Challenges

  • -Below-average rent-to-price ratio (4.93%)
  • -Negative cash flow at typical financing (-$1,077/mo)
  • -Negative leverage (cap rate 3.2% < mortgage rate 6.9%)

Economic Indicators

Population
63,411
Median Income
—
Data pending
Unemployment Rate
—
Data pending
Price-to-Income
—
Data pending

Who this market fits

Best for
  • +All-cash buyers: removing debt service flips the cap rate to actual yield
Skip if
  • −You need positive cash flow on day one at typical leverage
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)

Compare to Nearby Counties

CountyVerdict
VintonOH
61$172,686Est. pending—BuyView
LickingOH
60$327,794$1,6305.97%BuyView
FranklinOH
59$288,459$1,4786.15%HoldView
OttawaOH
57$265,986Est. pending—HoldView
CurrentUnionOH
50$419,056$1,7234.93%Hold
DelawareOH
50$502,957$1,5493.70%HoldView

The Bottom Line

HoldUnion is a neutral market. Consider house hacking or targeting below-market deals.

Union County in Ohio scores 50/100, ranking #599 of 1,000 US counties (top 77%). At 20% down and current rates, a median-priced rental loses about $1077/month; the 4.93% gross rent-to-price ratio doesn't survive debt service. The thesis here is appreciation, value-add, house hacking, or all-cash.

Monthly Cash Flow
$-1,077/mo
Cap Rate
3.2%
Cash-on-Cash
-13.4%

Related markets

Markets like Union with stronger cash flow

  • Franklin County for cash-flow rentals
  • Licking County for cash-flow rentals
  • Delaware County for cash-flow rentals

Cheaper alternatives to Union

  • Vinton County, lower entry price
  • Ottawa County, lower entry price
  • Franklin County, lower entry price

Head-to-head comparisons

  • Union vs Delaware for rentals
  • Union vs Ottawa for rentals
  • Union vs Franklin for rentals
All counties in Ohio →

Rent vs buy in Ohio cities

Rent vs buy in Columbus, OHMedian $288,459 · rent $1,478/moRent vs buy in Cleveland, OHMedian $211,436 · rent $1,379/moRent vs buy in Cincinnati, OHMedian $262,214 · rent $1,516/moRent vs buy in Toledo, OHMedian $169,370 · rent $1,105/moRent vs buy in Dayton, OHMedian $195,315 · rent $1,244/moAll Ohio citiesFull rent-vs-buy directory for the state

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