Clearfield, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Clearfield Neighborhoods Since 2000




Clearfield, 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

Clearfield Housing Market Information

With a population of 30,653, 9,617 total housing units (homes and apartments), and a median house value of $205,957, Clearfield real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Clearfield, accounting for 52.64% of the city's housing units. Other types of housing that are prevalent in Clearfield include large apartment complexes or high rise apartments ( 20.29%), duplexes, homes converted to apartments or other small apartment buildings ( 13.88%), and a few row houses and other attached homes ( 7.54%).

The most prevalent building size and type in Clearfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.49% owning and 46.51% renting.

There is a lot of housing in Clearfield 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 Clearfield built between 2000 and later ( 24.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.43%). There's also some housing in Clearfield built before 1939 ( 2.57%).

Clearfield Home Appreciation Rates

Appreciation rates for homes in Clearfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.91%, which ranks in the top 30% nationwide. This equates to an annual average Clearfield house appreciation rate of 1.04%.

Appreciation rates are so strong in Clearfield that despite a nationwide downturn in the housing market, Clearfield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Clearfield appreciation rates continue to be some of the highest in America, at 8.31%, which is higher than appreciation rates in 88.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Clearfield. Clearfield appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.18%.

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

Average Home Values

 

Median Home Value:
$205,957

Clearfield, UT HOME PRICES

Value Range
> $1,228,000 0.4
$921,001 - $1,228,000 0.1
$614,001 - $921,000 1.1
$491,001 - $614,000 2.0
$368,001 - $491,000 5.8
$246,001 - $368,000 20.7
$123,001 - $246,000 58.3
$61,001 - $123,000 5.3
$0 - $61,000 6.4

Low for UT
High for Nation

Value Relative to Nation Value Relative to State
30.8215164654869 63.758389261745

Number Of Homes And Apartments:
9,617

Clearfield 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
42.94% 2.09% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,117 / per month

Homeownership Rate

Homeownership
Owners 53.49
Renters 46.51
Vacant 6.39

Housing Market Details

 

Age of Homes

AGE OF Clearfield HOMES
2000 or Newer 24.5
1970 - 1999 53.5
1940 - 1969 19.4
1939 or Older 2.6

Types of Homes

TYPE OF Clearfield HOMES
Single-Family 52.6
Townhomes 7.5
Small Apt. Buildings 13.9
Apt. Complexes 20.3
Mobile Homes 5.6
Other 0.0

Home Size

SIZE OF Clearfield HOMES
No Bedroom 3.35
1 Bedroom 6.38
2 Bedrooms 22.58
3 Bedrooms 32.04
4 Bedrooms 23.63
5 or more bedrooms 12.02