The story of this market
The typical home in ZIP 38261 sells for about $235,000, or $115 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $761 a month.
ZIP 38261 — Union City
The housing market in 38261 remains stable with modest price appreciation driven by limited inventory. Sales activity is consistent with historical norms for the region, reflecting a balanced market where affordability remains a key factor for local buyers.
This ZIP is well-suited for families and local workers seeking an affordable cost of living and a small-town atmosphere. It is less attractive to high-frequency commuters or those requiring extensive urban amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 68 days on market with 6.2 months of supply — a balanced-paced market.
13% of listings have cut prices · homes sell at 96.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.4% · poverty 19.9% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 38261, Obion County TN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Union City are generally consistent with regional averages for West Tennessee, with property crime being the primary concern. Local law enforcement maintains a stable presence, and trends have remained relatively flat over the last reporting period.
The area is served by the Union City School District, which is frequently recognized for its strong academic performance and community-focused programming compared to neighboring rural districts.
The region is primarily concerned with severe thunderstorm and wind risks, with localized flood risks near the Obion River basin. Property insurance markets remain stable, though premiums are sensitive to national trends in catastrophic weather coverage.
Economic momentum is driven by local manufacturing, agriculture, and regional healthcare services. Infrastructure improvements are focused on maintaining connectivity along the Highway 22 and US-51 corridors.
Property taxes are assessed by Obion County and the City of Union City, with rates determined by the combined municipal and county levies. Tennessee does not impose a state-level personal income tax, which influences the local tax burden structure.
Commuting is primarily car-dependent, with most residents working within Union City or commuting to nearby industrial hubs via US-51 and Highway 22. Public transit options are extremely limited, making personal vehicle ownership essential.
The area features Discovery Park of America, a major regional attraction, alongside local parks like Kiwanis Park. Shopping and dining are concentrated along the main commercial corridors of Union City.
The rental market is characterized by moderate demand and limited inventory, with rents remaining relatively affordable compared to larger Tennessee metros. Investor activity is present but focused on long-term residential holdings rather than short-term vacation rentals.
The economy is anchored by manufacturing, agricultural processing, and regional retail. Major employers include local industrial plants and the Union City School District.
Transportation is dominated by private vehicle use, with US-51 and Highway 22 serving as the primary arteries for regional movement.
Development is focused on small-scale residential infill and commercial upgrades along the main thoroughfares.
The Obion County Assessor's office manages property valuations, with periodic reappraisals conducted to align with state standards.
Parcels are subject to municipal and county taxes, with specific utility districts providing water and sewer services.
Property insurance is generally available, with premiums reflecting the regional risk profile for wind and storm damage.
Data retrieved from data.census.gov ZCTA 38261 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Discovery Park of America4.83 mi
- Dixie Gun Works4.42.2 mi
- Graham Park4.34.8 mi
- Reelfoot National Wildlife Refuge4.712.6 mi
- Southlane Bowling4.31.6 mi
- Discovery Park of America4.83 mi
- Graham Park4.34.8 mi
- Reelfoot National Wildlife Refuge4.712.6 mi
- Reelfoot Shopping Center4.13 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A world-class museum and heritage park that serves as a major regional anchor.
Provides local green space, walking paths, and recreational facilities for residents.
Features an 18-hole course serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.