Holladay, UT Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Holladay, UT Housing Market Trends

With a population of 30,325, 11,065 total housing units (homes and apartments), and a median house value of $630,845, Holladay house prices are not only among the most expensive in Utah, Holladay real estate also is some of the most expensive in all of America.

Holladay is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Holladay 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 Holladay. Owner-occupied housing accounts for 77.17% of Holladay's homes, and 51.11% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Holladay's housing was primarily built during this period, from the '40s through the '60s. A full 50.76% of the city's housing hails from this era. Other housing ages represented in Holladay include homes built between 1970-1999 ( 37.41%) and housing constructed between 2000 and later ( 9.13%). There's also some housing in Holladay built before 1939 ( 2.70%).

Holladay Home Appreciation Rates

In the last 10 years, Holladay has experienced some of the highest home appreciation rates of any community in the nation. Holladay real estate appreciated 99.04% over the last ten years, which is an average annual home appreciation rate of 7.13%, putting Holladay in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Holladay 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 Holladay that despite a nationwide downturn in the housing market, Holladay real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Holladay appreciation rates continue to be some of the highest in America, at 12.40%, which is higher than appreciation rates in 86.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Holladay. Holladay appreciation rates in the latest quarter were at 4.33%, which equates to an annual appreciation rate of 18.48%.

Importantly, this makes Holladay 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 Holladay's latest annual appreciation rate is lower than 80% 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 Holladay differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Holladay - 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 Holladay real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$630,845

Holladay, UT HOME PRICES

> $1,383,000
8.9%
8.9%
$1,037,001 - $1,383,000
8.6%
8.6%
$692,001 - $1,037,000
21.8%
21.8%
$553,001 - $692,000
18.7%
18.7%
$415,001 - $553,000
18.1%
18.1%
$277,001 - $415,000
14.2%
14.2%
$138,001 - $277,000
7.2%
7.2%
$69,001 - $138,000
1.0%
1.0%
$0 - $69,000
1.4%
1.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for UT

Value Relative To Nation

Number Of Homes And Apartments:
11,065

Holladay Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
157.74% 4.50%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,878 / per month

Homeownership Rate

Owners
77.2%
77.2%
Renters
22.8%
22.8%
Vacant
7.7%
7.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.1%
9.1%
1970 - 1999
37.4%
37.4%
1940 - 1969
50.8%
50.8%
1939 or Older
2.7%
2.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.3%
67.3%
Townhomes
11.9%
11.9%
Small Apt. Buildings
7.0%
7.0%
Apt. Complexes
13.3%
13.3%
Mobile Homes
0.4%
0.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
4.8%
4.8%
2 Bedrooms
20.9%
20.9%
3 Bedrooms
23.1%
23.1%
4 Bedrooms
28.0%
28.0%
5 or more bedrooms
22.5%
22.5%
0.0% 100.0%
% OF HOMES