Bountiful, 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 Q4 2020. 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

Bountiful, UT Housing Market Trends

With 43,981 people, 14,379 houses or apartments, and a median cost of homes of $373,803, 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 ( 74.43%).

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 ( 40.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.38%). There's also some housing in Bountiful built before 1939 ( 4.45%).

Bountiful Home Appreciation Rates

In the last 10 years, Bountiful has experienced some of the highest home appreciation rates of any community in the nation. Bountiful real estate appreciated 71.02% over the last ten years, which is an average annual home appreciation rate of 5.51%, putting Bountiful in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bountiful 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 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 7.95%, which is higher than appreciation rates in 95.56% 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 2.70%, which equates to an annual appreciation rate of 11.25%.

Relative to Utah, our data show that Bountiful's latest annual appreciation rate is higher than 80% 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:
$373,803

Bountiful, UT HOME PRICES

> $1,312,000
1.9%
1.9%
$984,001 - $1,312,000
2.2%
2.2%
$656,001 - $984,000
9.8%
9.8%
$525,001 - $656,000
12.1%
12.1%
$393,001 - $525,000
26.0%
26.0%
$263,001 - $393,000
34.5%
34.5%
$131,001 - $263,000
11.8%
11.8%
$66,001 - $131,000
0.5%
0.5%
$0 - $66,000
1.2%
1.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for UT

Value Relative To Nation

Number Of Homes And Apartments:
14,379

Bountiful Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
110.89% 3.62%
7
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,509 / per month

Homeownership Rate

Owners
74.4%
74.4%
Renters
25.6%
25.6%
Vacant
4.7%
4.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.4%
12.4%
1970 - 1999
42.9%
42.9%
1940 - 1969
40.3%
40.3%
1939 or Older
4.5%
4.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
70.7%
70.7%
Townhomes
6.2%
6.2%
Small Apt. Buildings
11.2%
11.2%
Apt. Complexes
11.7%
11.7%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
4.1%
4.1%
2 Bedrooms
19.0%
19.0%
3 Bedrooms
22.0%
22.0%
4 Bedrooms
27.7%
27.7%
5 or more bedrooms
26.5%
26.5%
0.0% 100.0%
% OF HOMES