Grantsville, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Grantsville, UT Real Estate Data


Grantsville Housing Market Information

With 10,027 people, 2,799 houses or apartments, and a median cost of homes of $229,536, Grantsville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Grantsville, accounting for 78.88% of the city's housing units. Other types of housing that are prevalent in Grantsville include mobile homes or trailers ( 10.76%), duplexes, homes converted to apartments or other small apartment buildings ( 4.18%), and a few large apartment complexes or high rise apartments ( 3.07%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Grantsville. Owner-occupied housing accounts for 83.96% of Grantsville's homes, and 58.27% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Grantsville 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 Grantsville built between 2000 and later ( 35.35%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.64%). There's also some housing in Grantsville built before 1939 ( 7.42%).

Grantsville Home Appreciation Rates

Appreciation rates for homes in Grantsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.79%, which ranks in the top 40% nationwide. This equates to an annual average Grantsville house appreciation rate of 0.94%.

Appreciation rates are so strong in Grantsville that despite a nationwide downturn in the housing market, Grantsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Grantsville appreciation rates continue to be some of the highest in America, at 7.42%, which is higher than appreciation rates in 88.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Grantsville. Grantsville appreciation rates in the latest quarter were at 3.11%, which equates to an annual appreciation rate of 13.04%.

Importantly, this makes Grantsville 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 Grantsville's latest annual appreciation rate is higher than 50% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$229,536

Grantsville, UT HOME PRICES

Value Range
> $1,239,000 1.5
$929,001 - $1,239,000 0.0
$620,001 - $929,000 2.1
$496,001 - $620,000 2.6
$372,001 - $496,000 12.7
$248,001 - $372,000 27.4
$124,001 - $248,000 34.7
$62,001 - $124,000 8.3
$0 - $62,000 10.7

Average for UT
High for Nation

Value Relative to Nation Value Relative to State
26.6381682965392 59.0604026845638

Number Of Homes And Apartments:
2,799

Rent & Ownership

 

Average Market Rent:
$900 / per month

Homeownership Rate

Homeownership
Owners 83.96
Renters 16.04
Vacant 6.48

Housing Market Details

 

Age of Homes

AGE OF Grantsville HOMES
2000 or Newer 35.3
1970 - 1999 39.6
1940 - 1969 17.6
1939 or Older 7.4

Types of Homes

TYPE OF Grantsville HOMES
Single-Family 78.9
Townhomes 2.4
Small Apt. Buildings 4.2
Apt. Complexes 3.1
Mobile Homes 10.8
Other 0.7

Home Size

SIZE OF Grantsville HOMES
No Bedroom 1.30
1 Bedroom 5.45
2 Bedrooms 14.83
3 Bedrooms 39.22
4 Bedrooms 19.04
5 or more bedrooms 20.15

Grantsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
37.40% 1.89% 2 4
* 10 is highest

Popular Neighborhoods in Grantsville

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Zip Codes in Grantsville, UT