Cottonwood Heights, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Cottonwood Heights Neighborhoods Since 2000




Cottonwood Heights, 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

Cottonwood Heights Housing Market Information

With 34,343 people, 12,493 houses or apartments, and a median cost of homes of $368,528, Cottonwood Heights house prices are not only among the most expensive in Utah, Cottonwood Heights real estate also is some of the most expensive in all of America.

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

The large homes that make up Cottonwood Heights are primarily owner-occupied ( 71.38%).

There is a lot of housing in Cottonwood Heights 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 Cottonwood Heights built between 1940-1969 ( 21.91%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.51%).

Cottonwood Heights Home Appreciation Rates

Appreciation rates for homes in Cottonwood Heights have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.16%, which ranks in the top 30% nationwide. This equates to an annual average Cottonwood Heights house appreciation rate of 1.33%.

Appreciation rates are so strong in Cottonwood Heights that despite a nationwide downturn in the housing market, Cottonwood Heights real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cottonwood Heights appreciation rates continue to be some of the highest in America, at 9.84%, which is higher than appreciation rates in 93.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cottonwood Heights. Cottonwood Heights appreciation rates in the latest quarter were at 2.95%, which equates to an annual appreciation rate of 12.32%.

Importantly, NeighborhoodScout’s exclusive research found that Cottonwood Heights's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Utah, our data show that Cottonwood Heights's latest annual appreciation rate is higher than 90% 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 Cottonwood Heights differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cottonwood Heights - 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 Cottonwood Heights real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$368,528

Cottonwood Heights, UT HOME PRICES

Value Range
> $1,267,000 1.9
$950,001 - $1,267,000 2.0
$634,001 - $950,000 13.5
$507,001 - $634,000 12.1
$380,001 - $507,000 21.4
$254,001 - $380,000 36.5
$127,001 - $254,000 10.0
$63,001 - $127,000 0.8
$0 - $63,000 2.0

Very High for UT
Very High for Nation

Value Relative to Nation Value Relative to State
10.9691784835345 11.4093959731544

Number Of Homes And Apartments:
12,493

Cottonwood Heights 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
80.96% 3.50% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,313 / per month

Homeownership Rate

Homeownership
Owners 71.38
Renters 28.62
Vacant 6.68

Housing Market Details

 

Age of Homes

AGE OF Cottonwood Heights HOMES
2000 or Newer 8.5
1970 - 1999 69.2
1940 - 1969 21.9
1939 or Older 0.4

Types of Homes

TYPE OF Cottonwood Heights HOMES
Single-Family 68.5
Townhomes 5.5
Small Apt. Buildings 5.3
Apt. Complexes 19.8
Mobile Homes 0.8
Other 0.1

Home Size

SIZE OF Cottonwood Heights HOMES
No Bedroom 0.79
1 Bedroom 6.06
2 Bedrooms 17.82
3 Bedrooms 24.72
4 Bedrooms 24.60
5 or more bedrooms 26.02