Eagle Mountain, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Eagle Mountain Neighborhoods Since 2000




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 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

Eagle Mountain Housing Market Information

With a population of 27,332, 6,020 total housing units (homes and apartments), and a median house value of $248,280, 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 3.63%, which ranks in the top 50% nationwide. This equates to an annual average Eagle Mountain house appreciation rate of 0.36%.

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 7.10%, which is higher than appreciation rates in 81.88% 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 2.90%, which equates to an annual appreciation rate of 12.10%.

Importantly, NeighborhoodScout’s exclusive research found that Eagle Mountain'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 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:
$248,280

Eagle Mountain, UT HOME PRICES

Value Range
> $1,272,000 0.0
$954,001 - $1,272,000 0.1
$636,001 - $954,000 1.5
$509,001 - $636,000 1.4
$382,001 - $509,000 8.1
$254,001 - $382,000 39.2
$128,001 - $254,000 47.5
$64,001 - $128,000 0.8
$0 - $64,000 1.3

Average for UT
High for Nation

Value Relative to Nation Value Relative to State
22.7938591351225 46.9798657718121

Number Of Homes And Apartments:
6,020

Eagle Mountain 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
43.17% 2.10% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,710 / 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

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Zip Codes in Eagle Mountain, UT