Eagle Mountain, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Eagle Mountain, UT Real Estate Data


Eagle Mountain Housing Market Information

With 27,332 people, 6,020 houses or apartments, and a median cost of homes of $241,288, 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 83.52% of Eagle Mountain's homes, and 74.31% 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. 84.07% 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 ( 14.70%), and between 1940-1969 ( 0.93%).

Eagle Mountain Home Appreciation Rates

Appreciation rates for homes in Eagle Mountain have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.18%, which ranks in the top 50% nationwide. This equates to an annual average Eagle Mountain house appreciation rate of 0.41%.

NeighborhoodScout's data show that during the latest twelve months, Eagle Mountain's appreciation rate, at 5.13%, has been at or slightly above the national average. In the latest quarter, Eagle Mountain's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

Relative to Utah, our data show that Eagle Mountain's latest annual appreciation rate is lower than 60% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$241,288

Eagle Mountain, UT HOME PRICES

Value Range
> $1,236,000 0.0
$927,001 - $1,236,000 0.1
$618,001 - $927,000 1.5
$494,001 - $618,000 1.4
$371,001 - $494,000 8.1
$247,001 - $371,000 39.2
$124,001 - $247,000 47.5
$62,001 - $124,000 0.8
$0 - $62,000 1.3

Average for UT
High for Nation

Value Relative to Nation Value Relative to State
23.567326848705 48.993288590604

Number Of Homes And Apartments:
6,020

Rent & Ownership

 

Average Market Rent:
$1,576 / per month

Homeownership Rate

Homeownership
Owners 83.52
Renters 16.48
Vacant 1.55

Housing Market Details

 

Age of Homes

AGE OF Eagle Mountain HOMES
2000 or Newer 84.1
1970 - 1999 14.7
1940 - 1969 0.9
1939 or Older 0.3

Types of Homes

TYPE OF Eagle Mountain HOMES
Single-Family 84.1
Townhomes 4.0
Small Apt. Buildings 3.4
Apt. Complexes 8.3
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Eagle Mountain HOMES
No Bedroom 0.00
1 Bedroom 0.15
2 Bedrooms 3.55
3 Bedrooms 38.22
4 Bedrooms 36.09
5 or more bedrooms 22.00

Eagle Mountain Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
39.20% 1.94% 3 5
* 10 is highest

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Zip Codes in Eagle Mountain, UT