Brigham City, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Brigham City Neighborhoods Since 2000




Brigham City, 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

Brigham City Housing Market Information

With 18,752 people, 6,097 houses or apartments, and a median cost of homes of $179,565, Brigham City real estate values are some of the lowest in Utah, although compared to real estate around the nation, Brigham City homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Brigham City, accounting for 72.70% of the city's housing units. Other types of housing that are prevalent in Brigham City include large apartment complexes or high rise apartments ( 12.11%), duplexes, homes converted to apartments or other small apartment buildings ( 10.33%), and a few row houses and other attached homes ( 3.47%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brigham City. Owner-occupied housing accounts for 68.69% of Brigham City's homes, and 56.06% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Brigham City's housing was primarily built during this period, from the '40s through the '60s. A full 39.16% of the city's housing hails from this era. Other housing ages represented in Brigham City include homes built between 1970-1999 ( 36.02%) and housing constructed between 2000 and later ( 12.97%). There's also some housing in Brigham City built before 1939 ( 11.85%).

Brigham City Home Appreciation Rates

Appreciation rates for homes in Brigham City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.04%, which ranks in the top 30% nationwide. This equates to an annual average Brigham City house appreciation rate of 1.05%.

Appreciation rates are so strong in Brigham City that despite a nationwide downturn in the housing market, Brigham City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brigham City appreciation rates continue to be some of the highest in America, at 6.74%, which is higher than appreciation rates in 79.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brigham City. Brigham City appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.18%.

Importantly, this makes Brigham City 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 Brigham City's latest annual appreciation rate is lower than 60% 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 Brigham City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brigham City - 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 Brigham City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$179,565

Brigham City, UT HOME PRICES

Value Range
> $1,195,000 0.6
$896,001 - $1,195,000 1.0
$597,001 - $896,000 0.7
$478,001 - $597,000 1.6
$359,001 - $478,000 1.9
$239,001 - $359,000 16.5
$120,001 - $239,000 67.6
$60,001 - $120,000 6.2
$0 - $60,000 4.0

Very Low for UT
High for Nation

Value Relative to Nation Value Relative to State
38.3159498417907 83.2214765100671

Number Of Homes And Apartments:
6,097

Brigham City 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
39.65% 1.96% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$895 / per month

Homeownership Rate

Homeownership
Owners 68.69
Renters 31.31
Vacant 7.27

Housing Market Details

 

Age of Homes

AGE OF Brigham City HOMES
2000 or Newer 13.0
1970 - 1999 36.0
1940 - 1969 39.2
1939 or Older 11.8

Types of Homes

TYPE OF Brigham City HOMES
Single-Family 72.7
Townhomes 3.5
Small Apt. Buildings 10.3
Apt. Complexes 12.1
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Brigham City HOMES
No Bedroom 0.78
1 Bedroom 5.90
2 Bedrooms 19.54
3 Bedrooms 31.07
4 Bedrooms 24.99
5 or more bedrooms 17.72