Eagle Mountain UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Eagle Mountain, 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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Eagle Mountain Housing Market Information

With 35,616 people, 7,020 houses or apartments, and a median cost of homes of $329,515, Eagle Mountain real estate prices are well above average cost compared to national prices.

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

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Eagle Mountain. Owner-occupied housing accounts for 86.75% of Eagle Mountain's homes, and 67.23% have either three or four bedrooms, which is average sized relative to America.

Eagle Mountain homes and real estate are some of the newest in America. 88.63% of Eagle Mountain'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 Eagle Mountain real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 10.62%), and before 1939 ( 0.75%).

Eagle Mountain Home Appreciation Rates

In the last 10 years, Eagle Mountain has experienced some of the highest home appreciation rates of any community in the nation. Eagle Mountain real estate appreciated 62.98% over the last ten years, which is an average annual home appreciation rate of 5.01%, putting Eagle Mountain in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Eagle Mountain 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 Eagle Mountain that despite a nationwide downturn in the housing market, Eagle Mountain real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Eagle Mountain appreciation rates continue to be some of the highest in America, at 6.62%, which is higher than appreciation rates in 91.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Eagle Mountain. Eagle Mountain appreciation rates in the latest quarter were at 1.26%, which equates to an annual appreciation rate of 5.13%.

Relative to Utah, our data show that Eagle Mountain's latest annual appreciation rate is higher than 50% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$329,515

Eagle Mountain, UT HOME PRICES

Value Range
> $1,300,000 0.0
$975,001 - $1,300,000 0.2
$650,001 - $975,000 1.7
$520,001 - $650,000 6.5
$390,001 - $520,000 20.8
$260,001 - $390,000 46.2
$130,001 - $260,000 22.7
$65,001 - $130,000 0.0
$0 - $65,000 1.9

Average for UT
Very High for Nation

Value Relative to Nation Value Relative to State
17.1445255474453 42.2818791946309

Number Of Homes And Apartments:
7,020

Eagle Mountain Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
84.12% 3.10%
3
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,575 / per month

Homeownership Rate

Homeownership
Owners 86.75
Renters 13.25
Vacant 2.04

Housing Market Details

 

Age of Homes

AGE OF Eagle Mountain HOMES
2000 or Newer 88.6
1970 - 1999 10.6
1940 - 1969 0.0
1939 or Older 0.8

Types of Homes

TYPE OF Eagle Mountain HOMES
Single-Family 84.0
Townhomes 4.7
Small Apt. Buildings 2.2
Apt. Complexes 8.9
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Eagle Mountain HOMES
No Bedroom 0.00
1 Bedroom 0.50
2 Bedrooms 4.70
3 Bedrooms 38.11
4 Bedrooms 29.12
5 or more bedrooms 27.56

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Zip Codes in Eagle Mountain, UT