Alpine, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Alpine Neighborhoods Since 2000




Alpine, UT Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Alpine Housing Market Information

With a population of 10,235, 2,699 total housing units (homes and apartments), and a median house value of $529,738, 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 ( 77.92%).

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 ( 27.80%). A lesser amount of the housing stock also hails from before 1939 ( 7.00%). There's also some housing in Alpine built between 1940-1969 ( 6.61%).

Alpine Home Appreciation Rates

Real estate appreciation rates in Alpine's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.30% during the period.

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 6.84%, which is higher than appreciation rates in 80.26% 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 2.90%, which equates to an annual appreciation rate of 12.10%.

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 60% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$529,738

Alpine, UT HOME PRICES

Value Range
> $1,232,000 6.2
$924,001 - $1,232,000 8.0
$616,001 - $924,000 25.0
$493,001 - $616,000 17.5
$370,001 - $493,000 20.2
$246,001 - $370,000 11.7
$123,001 - $246,000 7.7
$62,001 - $123,000 1.4
$0 - $62,000 2.2

Very High for UT
Very High for Nation

Value Relative to Nation Value Relative to State
5.17403023555608 2.01342281879195

Number Of Homes And Apartments:
2,699

Alpine Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
52.08% 2.46% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,652 / per month

Homeownership Rate

Homeownership
Owners 77.92
Renters 22.08
Vacant 4.05

Housing Market Details

 

Age of Homes

AGE OF Alpine HOMES
2000 or Newer 27.8
1970 - 1999 58.6
1940 - 1969 6.6
1939 or Older 7.0

Types of Homes

TYPE OF Alpine HOMES
Single-Family 86.4
Townhomes 8.0
Small Apt. Buildings 5.4
Apt. Complexes 0.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Alpine HOMES
No Bedroom 0.00
1 Bedroom 3.20
2 Bedrooms 9.31
3 Bedrooms 14.50
4 Bedrooms 16.85
5 or more bedrooms 56.13