American Fork, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating American Fork Neighborhoods Since 2000




American Fork, UT Real Estate Data


American Fork Housing Market Information

With 28,326 people, 7,784 houses or apartments, and a median cost of homes of $296,862, American Fork real estate prices are well above average cost compared to national prices.

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

The large homes that make up American Fork are primarily owner-occupied ( 71.82%).

There is a lot of housing in American Fork 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 American Fork built between 2000 and later ( 25.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.24%). There's also some housing in American Fork built before 1939 ( 8.12%).

American Fork Home Appreciation Rates

Appreciation rates for homes in American Fork have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.81%, which ranks in the top 40% nationwide. This equates to an annual average American Fork house appreciation rate of 0.57%.

Appreciation rates are so strong in American Fork that despite a nationwide downturn in the housing market, American Fork real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, American Fork appreciation rates continue to be some of the highest in America, at 7.10%, which is higher than appreciation rates in 80.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in American Fork. American Fork appreciation rates in the latest quarter were at 0.96%, which equates to an annual appreciation rate of 3.91%.

Relative to Utah, our data show that American Fork's latest annual appreciation rate is higher than 50% 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 American Fork differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in American Fork - 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 2000, to assist you in making the best American Fork real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$296,862

American Fork, UT HOME PRICES

Value Range
> $1,220,000 0.0
$915,001 - $1,220,000 0.5
$610,001 - $915,000 3.8
$488,001 - $610,000 5.3
$366,001 - $488,000 13.7
$244,001 - $366,000 38.4
$122,001 - $244,000 34.5
$61,001 - $122,000 1.1
$0 - $61,000 2.6

High for UT
Very High for Nation

Value Relative to Nation Value Relative to State
16.3219266377593 25.8389261744966

Number Of Homes And Apartments:
7,784

Rent & Ownership

 

Average Market Rent:
$1,286 / per month

Homeownership Rate

Homeownership
Owners 71.82
Renters 28.18
Vacant 3.04

Housing Market Details

 

Age of Homes

AGE OF American Fork HOMES
2000 or Newer 25.2
1970 - 1999 49.5
1940 - 1969 17.2
1939 or Older 8.1

Types of Homes

TYPE OF American Fork HOMES
Single-Family 70.4
Townhomes 9.9
Small Apt. Buildings 12.7
Apt. Complexes 4.9
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF American Fork HOMES
No Bedroom 0.73
1 Bedroom 2.52
2 Bedrooms 17.84
3 Bedrooms 23.52
4 Bedrooms 24.34
5 or more bedrooms 31.05

American Fork Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
50.26% 2.39% 6 6
* 10 is highest