Alpine, UT Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Alpine, UT Housing Market Trends

With a population of 10,498, 2,804 total housing units (homes and apartments), and a median house value of $730,791, Alpine house prices are not only among the most expensive in Utah, Alpine real estate also is some of the most expensive in all of America.

Alpine is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Alpine than is found in 98% of the communities in America.

The large homes that make up Alpine are primarily owner-occupied ( 87.70%).

There is a lot of housing in Alpine built from 1970 to 1999 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 Alpine built between 2000 and later ( 32.90%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.86%). There's also some housing in Alpine built before 1939 ( 4.62%).

Alpine Home Appreciation Rates

In the last 10 years, Alpine has experienced some of the highest home appreciation rates of any community in the nation. Alpine real estate appreciated 88.59% over the last ten years, which is an average annual home appreciation rate of 6.55%, putting Alpine in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Alpine definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Alpine that despite a nationwide downturn in the housing market, Alpine real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Alpine appreciation rates continue to be some of the highest in America, at 11.59%, which is higher than appreciation rates in 81.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Alpine. Alpine appreciation rates in the latest quarter were at 4.99%, which equates to an annual appreciation rate of 21.53%.

Importantly, this makes Alpine one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Utah, our data show that Alpine's latest annual appreciation rate is lower than 90% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$730,791

Alpine, UT HOME PRICES

> $1,318,000
12.9%
12.9%
$988,001 - $1,318,000
14.1%
14.1%
$659,001 - $988,000
30.9%
30.9%
$527,001 - $659,000
19.1%
19.1%
$395,001 - $527,000
12.6%
12.6%
$263,001 - $395,000
6.8%
6.8%
$132,001 - $263,000
1.1%
1.1%
$66,001 - $132,000
0.0%
0.0%
$0 - $66,000
2.4%
2.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for UT

Value Relative To Nation

Number Of Homes And Apartments:
2,804

Alpine Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
113.37% 3.59%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,076 / per month

Homeownership Rate

Owners
87.7%
87.7%
Renters
12.3%
12.3%
Vacant
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
32.9%
32.9%
1970 - 1999
56.6%
56.6%
1940 - 1969
5.9%
5.9%
1939 or Older
4.6%
4.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
92.1%
92.1%
Townhomes
4.3%
4.3%
Small Apt. Buildings
2.2%
2.2%
Apt. Complexes
1.1%
1.1%
Mobile Homes
0.0%
0.0%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
1.3%
1.3%
2 Bedrooms
7.5%
7.5%
3 Bedrooms
8.9%
8.9%
4 Bedrooms
24.9%
24.9%
5 or more bedrooms
57.5%
57.5%
0.0% 100.0%
% OF HOMES