Bountiful, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bountiful Neighborhoods Since 2000




Bountiful, 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

Bountiful Housing Market Information

With 43,784 people, 14,079 houses or apartments, and a median cost of homes of $287,668, Bountiful real estate prices are well above average cost compared to national prices.

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

The large homes that make up Bountiful are primarily owner-occupied ( 72.80%).

There is a lot of housing in Bountiful 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 Bountiful built between 1940-1969 ( 41.70%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.32%). There's also some housing in Bountiful built before 1939 ( 3.31%).

Bountiful Home Appreciation Rates

Appreciation rates for homes in Bountiful have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.01%, which ranks in the top 30% nationwide. This equates to an annual average Bountiful house appreciation rate of 1.05%.

Appreciation rates are so strong in Bountiful that despite a nationwide downturn in the housing market, Bountiful real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bountiful appreciation rates continue to be some of the highest in America, at 7.45%, which is higher than appreciation rates in 83.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bountiful. Bountiful appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.18%.

Importantly, this makes Bountiful 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 Bountiful's latest annual appreciation rate is lower 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 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 2000, to assist you in making the best Bountiful real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$287,668

Bountiful, UT HOME PRICES

Value Range
> $1,225,000 1.0
$919,001 - $1,225,000 0.7
$612,001 - $919,000 5.9
$490,001 - $612,000 6.9
$367,001 - $490,000 14.7
$245,001 - $367,000 40.9
$123,001 - $245,000 26.2
$62,001 - $123,000 1.4
$0 - $62,000 2.2

High for UT
Very High for Nation

Value Relative to Nation Value Relative to State
17.5934606820579 32.5503355704698

Number Of Homes And Apartments:
14,079

Bountiful 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
53.55% 2.52% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,189 / per month

Homeownership Rate

Homeownership
Owners 72.80
Renters 27.20
Vacant 3.95

Housing Market Details

 

Age of Homes

AGE OF Bountiful HOMES
2000 or Newer 11.3
1970 - 1999 43.7
1940 - 1969 41.7
1939 or Older 3.3

Types of Homes

TYPE OF Bountiful HOMES
Single-Family 70.8
Townhomes 7.3
Small Apt. Buildings 10.5
Apt. Complexes 10.9
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Bountiful HOMES
No Bedroom 1.04
1 Bedroom 5.29
2 Bedrooms 19.14
3 Bedrooms 22.63
4 Bedrooms 24.48
5 or more bedrooms 27.42