Measured against area pay, Union Township costs less to live in than 91% of U.S. towns
It ranks #100 of 592 in Indiana for affordability. Home prices around Union Township have risen about 40% over the past 5 years.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Louisville/Jefferson County, KY-IN metro area ($74K). How TownRatings grades cost of living
The grade compares costs with what households across the Louisville/Jefferson County metro earn ($74K, Census 2020–24). The typical home costs 3.4 years of metro income, and 90% of renters pay 30% or more of income for housing.
In dollars
- $1,680a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
- 93prices across the Louisville/Jefferson County metro, where the U.S. is 100 (housing 79)BEA Regional Price Parities, 2024
In paychecks the grade
- 3.4 yrsof area income buys the typical home; the typical U.S. town: 3.3$74K, Louisville/Jefferson County-area income
- 14%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 6%of owners do; the typical U.S. town: 20%Census 2020–24
Housing in Union Township, in brief
Mostly newer homes
Half of Union Township’s homes were built after 2004, against 1976 for Indiana as a whole. Property taxes ↓
Owning can cost less than renting
With 20% down at the calculator’s rate, the typical Union Township home runs about $1,630 a month with tax and insurance. A two-bedroom rents for about $1,680. Can I afford it? ↓
Nearly every household owns
92% of Union Township households own their home, against 71% across Indiana. There are only 118 renter households, so rentals are scarce. Property taxes ↓
Written from the data on this page. There’s no Zillow index for Union Township, so the typical value is an estimate: the Census median carried forward with the federal house price index; incomes, rents paid, taxes and ownership come from the Census American Community Survey.
What’s behind Union Township’s grade
Measured against what households in the area earn, Union Township is more affordable than 91% of U.S. towns, #100 of 592 in Indiana. Home prices pull the grade down most; the share of households paying 30%+ for housing holds it up.
Home prices up 40% in 5 years
The federal house price index for the ZIP codes around Union Township rose 40% over the past 5 years, slower than across Indiana (53%). Last year prices rose 3.5%. Carrying the Census median home value forward with that index puts the typical Union Township home at roughly $288,000 today.
Carrying the Census median forward with the index puts a typical home at about $288K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Union Township, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A year’s rent takes 14% of area income
The calculator starts from the area income the grade uses. Switch to Union Township’s own median, or type yours.
That covers a typical Union Township home, with $18K to spare.
A two-bedroom rents for about $1,680 a month here, $50 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Union Township’s typical property tax (0.50% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,680
Renters already here pay a median of $875, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Louisville, KY-IN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Property tax runs below the Indiana norm
The median bill is $1,260 (Indiana: $1,614), 0.50% of a home’s value a year, against 0.74% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
The rest of a budget near Union Township
Only figures published free for the whole country, each labeled with the area it covers: the Louisville/Jefferson County, KY-IN metro area, or Indiana. Groceries follow the goods price level; nobody publishes them town by town.
| Cost | Here | Compared with | Area | Source |
|---|---|---|---|---|
| Prices overall U.S. = 100 | 93 | IN 93 | metro | BEA, 2024 |
| Goods (groceries, clothing, cars…) U.S. = 100 | 96 | IN 96 | metro | BEA, 2024 |
| Utilities U.S. = 100 | 75 | IN 86 | metro | BEA, 2024 |
| Other services U.S. = 100 | 97 | IN 99 | metro | BEA, 2024 |
Price levels: U.S. Bureau of Economic Analysis, Regional Price Parities 2024 (metro area and state). Electricity: U.S. Energy Information Administration, Electric Power Monthly, table 5.6.A.
Union Township vs. its neighbors
Zillow publishes no value for Union Township. Carr Township and Monroe Township and Charlestown Township and Silver Creek Township have no Zillow value, so they are in the table only.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, latest | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Union Township | A | — | $254K | 0.50% | $1,680 |
| Carr Township | C+ | — | $330K | 0.67% | $1,290 |
| Monroe Township | A− | — | $264K | 0.66% | $1,100 |
| Charlestown Township | A− | — | $254K | 0.68% | $1,130 |
| Sellersburg | B+ | $299K | $232K | 0.71% | $1,340 |
| Silver Creek Township | B | — | $243K | 0.72% | $1,340 |
“—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures.
Questions about the cost of living in Union Township
Is Union Township expensive to live in?
Measured against what households in the area earn, Union Township costs less than 91% of U.S. towns: an A for cost of living, #100 of 592 in Indiana. The typical home costs 3.4 years of the median household income of the Louisville/Jefferson County, KY-IN metro area ($74K).
How much is rent in Union Township?
HUD puts a two-bedroom at about $1,680 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $875 (Census 2020–24).
What are property taxes in Union Township?
The median bill is $1,260 a year, 0.50% of the median home value (Indiana: $1,614, 0.74%), from the Census 2020–24.
Neighbors talk housing
What Union Township buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.