Cedar Hills, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Cedar Hills Neighborhoods Since 2000




Cedar Hills, 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

Cedar Hills Housing Market Information

With 10,265 people, 2,461 houses or apartments, and a median cost of homes of $410,943, Cedar Hills house prices are not only among the most expensive in Utah, Cedar Hills real estate also is some of the most expensive in all of America.

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

The large homes that make up Cedar Hills are primarily owner-occupied ( 87.61%).

Cedar Hills homes and real estate are some of the newest in America. 68.71% of Cedar Hills's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Cedar Hills real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 30.80%), and between 1940-1969 ( 0.49%).

Cedar Hills Home Appreciation Rates

Appreciation rates for homes in Cedar Hills have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.30%, which ranks in the top 40% nationwide. This equates to an annual average Cedar Hills house appreciation rate of 0.61%.

Appreciation rates are so strong in Cedar Hills that despite a nationwide downturn in the housing market, Cedar Hills real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cedar Hills appreciation rates continue to be some of the highest in America, at 8.24%, which is higher than appreciation rates in 87.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cedar Hills. Cedar Hills appreciation rates in the latest quarter were at 2.90%, which equates to an annual appreciation rate of 12.10%.

Importantly, this makes Cedar Hills 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 Cedar Hills's latest annual appreciation rate is higher than 60% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$410,943

Cedar Hills, UT HOME PRICES

Value Range
> $1,276,000 1.0
$957,001 - $1,276,000 0.8
$638,001 - $957,000 8.7
$510,001 - $638,000 14.7
$383,001 - $510,000 30.9
$255,001 - $383,000 31.6
$128,001 - $255,000 11.1
$64,001 - $128,000 0.0
$0 - $64,000 1.1

Very High for UT
Very High for Nation

Value Relative to Nation Value Relative to State
8.94175553732568 8.05369127516778

Number Of Homes And Apartments:
2,461

Cedar Hills 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
57.61% 2.67% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,972 / per month

Homeownership Rate

Homeownership
Owners 87.61
Renters 12.39
Vacant 6.32

Housing Market Details

 

Age of Homes

AGE OF Cedar Hills HOMES
2000 or Newer 68.7
1970 - 1999 30.8
1940 - 1969 0.5
1939 or Older 0.0

Types of Homes

TYPE OF Cedar Hills HOMES
Single-Family 82.1
Townhomes 12.4
Small Apt. Buildings 0.7
Apt. Complexes 4.1
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Cedar Hills HOMES
No Bedroom 1.71
1 Bedroom 2.78
2 Bedrooms 1.56
3 Bedrooms 16.44
4 Bedrooms 20.06
5 or more bedrooms 57.44

Popular Neighborhoods in Cedar Hills

Zip Codes in Cedar Hills, UT