North Salt Lake appreciation rates and housing market information

North Salt Lake housing market information

With 8,725 people, 3,088 houses or apartments, and a median cost of homes of $265,103, North Salt Lake real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in North Salt Lake, accounting for 57.42% of the city's housing units. Other types of housing that are prevalent in North Salt Lake include mobile homes or trailers (16.29%), large apartment complexes or high rise apartments (16.16%), duplexes, homes converted to apartments, or other small apartment buildings (8.48%), and a few row houses and other attached homes (1.65%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in North Salt Lake. Owner-occupied housing accounts for 68.13% of North Salt Lake's homes, and 45.82% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in North Salt Lake built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in North Salt Lake built from 1940-1969 (19.56%). A lesser amount of the housing stock also hails from 1995 and later (18.33%), and some were built from 1939 and earlier (18.33%).

North Salt Lake home appreciation rates

Real estate appreciation rates in North Salt Lake have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.87% during the period.

NeighborhoodScout's data show that during the latest twelve months, North Salt Lake home appreciation rates, at 0.19%, have been at or slightly above the national average. In the latest quarter, North Salt Lake's appreciation rate has been -0.47%, which annualizes to a rate of -1.88%.

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

Relative to Utah, our data show that North Salt Lake's latest annual appreciation rate is higher than 83% of the other cities and towns in Utah.