Zip Code:

94587, Union City, CA

94587 is a California Zip code within the city of Union City and the county of Alameda County. Its population is roughly 74,722.

The Real Estate Market in Union City, CA

Union City, CA is located in the East Bay region of the San Francisco Bay Area. The city has a population of approximately 120,000 and is home to several major corporations including Levi Strauss & Co., Nestle USA, and Kaiser Permanente. The city's economy is based largely on its proximity to Silicon Valley and its status as a center for health care services.

As of March 2016, the median home price in Union City was $711,500. This represents a decrease of 2% from the median home price in March 2015. The city's average monthly mortgage payment as of March 2016 was $2,848. Over the past year, Union City's average monthly rent has increased by 3%.

Despite these decreases in home prices and rents over the past year or so, Union City remains one of the most expensive cities in California to purchase a home or rent an apartment. In fact, according to Zillow's recent report on "The Cost of Living Index," Union City ranks as the fourth most expensive city in California when it comes to housing costs (behind only San Francisco, Los Angeles and Orange County).

Price Index: Oakland-Berkeley-Livermore, CA (MSAD)

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