Real Estate Investing in Union City, California (94587)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 94587 (Union City, CA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- 1-year downturn: Values declined 3.2% in the last year.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 34.7 — hard to cash-flow at these prices.
What’s happening in Union City, CA (94587)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 94587 Union City
In practical terms, ZIP 94587 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $1.2M median. It rewards specialists, not generalists.
The investment case in 94587 is healthy only for operators who understand what they are buying. A $1.2M median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 94587 and stronger Union City ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 94587 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. durable returns are possible in 94587, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Union City:
Property Strategy for 94587
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $427,187 | $2,640 | 4.4% | 0.0% | $427,187 |
| 2BR | $571,820 | $3,230 | 4.1% | +1.4% | $285,910 |
| 3BR | $1,125,511 | $4,130 | 2.6% | +6.3% | $375,170 |
| 4BR | $1,389,883 | $4,900 | 2.5% | +6.9% | $347,471 |
| 5BR | $1,746,828 | — | — | +8.0% | $349,366 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 94587 Compare?
| Metric | 94587 | Union City | San Francisco-Oakland-Berkeley, CA | California |
|---|---|---|---|---|
| Home Value | $1,222,993 | $1,222,993 | N/A | $761,003 |
| 5-Year CAGR | 2.1% | 2.1% | N/A | 5.7% |
| Avg Rent | $2,941 | $2,941 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 94587 (Union City, CA). Anonymous, moderated, never written by AI.
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Property managers serving Alameda County
Manage rentals here? List your business →Accountable Property Management offers residential, commercial, and HOA property management services in Hayward, CA and the Greater Bay Area Rental Market. summary from their website
Advent Properties, Inc. offers comprehensive, responsive, and professional property management and real estate services in the Bay Area, East Bay, and Sacramento regions. summary from their website
Community Association Management (CAM) provides management services for Common Interest Developments in the San Francisco Bay Area. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,222,993 |
| Monthly Rent | $2,941 |
| Price-to-Rent | 34.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 4.0% |
📈 Home Appreciation
| 1-Year | -3.2% ▼ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +2.1% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +4.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 94587
Population: 68,141
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 94587
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 11,038 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical home price in Union City, CA?
Union City, CA median home values land near $1.2M. That is reasonable territory for investors looking at $2,941/mo-per-month rentals.
What is the typical rental rate in Union City, CA?
Rents in Union City, CA run near $2,941/mo. Compared with median home prices of $1.2M that produces solid gross yields for typical rentals.
Are renters plentiful in Union City, CA?
The renter base in Union City, CA is reasonable for the $2,941/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
What does house hacking look like in Union City, CA?
Union City, CA is a a tougher market for house hackers. FHA or conventional owner-occupant buyers find the $1.2M price point reasonable to enter.
How landlord-friendly is Union City, CA?
Union City, CA falls under CA landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
You know 94587 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 94587 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 94587 ranks in San Francisco-Oakland-Berkeley, CA
Every ZIP in this metro, ranked. Free.
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