Bountiful appreciation rates and housing market information

Bountiful housing market information

With 41,392 people, 13,801 houses or apartments, and a median cost of homes of $297,477, Bountiful real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Bountiful, accounting for 72.48% of the city's housing units. Other types of housing that are prevalent in Bountiful include duplexes, homes converted to apartments, or other small apartment buildings (12.11%), large apartment complexes or high rise apartments (9.15%), row houses and other attached homes (5.64%), and a few mobile homes or trailers (0.57%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Bountiful. Owner-occupied housing accounts for 75.21% of Bountiful's homes, and 49.43% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bountiful's housing was primarily built during this period, from the '40s through the '60s. A full 47.65% of the city's housing hails from this era. Other housing ages represented in Bountiful include homes built between 1970-1994 (39.85%), and housing constructed from 1995 and later (7.94%). There's also some housing in Bountiful built between 1939 and earlier (4.56%).

Bountiful home appreciation rates

Bountiful's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bountiful during the period has been just 5.67%, which is lower than % of US communities.

Over the last year, Bountiful appreciation rates have trailed the rest of the nation. In the last twelve months, Bountiful's appreciation rate has been -1.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bountiful were at -0.77%, which equates to an annual appreciation rate of -3.08%.

Notably, Bountiful's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Utah, our data show that Bountiful's latest annual appreciation rate is higher than 76% of the other cities and towns in Utah.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bountiful differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bountiful - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Bountiful real estate investment or home purchase decisions.