Hurricane, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hurricane Neighborhoods Since 2000




Hurricane, 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

Hurricane Housing Market Information

With 15,501 people, 4,766 houses or apartments, and a median cost of homes of $225,721, Hurricane real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hurricane, accounting for 75.85% of the city's housing units. Other types of housing that are prevalent in Hurricane include mobile homes or trailers ( 10.84%), row houses and other attached homes ( 9.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.71%).

The most prevalent building size and type in Hurricane are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.89% owning and 36.11% renting.

There is a lot of housing in Hurricane 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 Hurricane built between 2000 and later ( 37.37%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.31%). There's also some housing in Hurricane built before 1939 ( 1.72%).

Vacant housing appears to be an issue in Hurricane. Fully 16.55% of the housing stock is classified as vacant. Left unchecked, vacant Hurricane homes and apartments can be a drag on the real estate market, holding Hurricane real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Hurricane Home Appreciation Rates

Hurricane's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hurricane during the period has been just -1.57%, which is lower than 80% of US communities.

Appreciation rates are so strong in Hurricane that despite a nationwide downturn in the housing market, Hurricane real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hurricane appreciation rates continue to be some of the highest in America, at 7.22%, which is higher than appreciation rates in 82.57% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hurricane. Hurricane appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.33%.

Importantly, this makes Hurricane 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 Hurricane's latest annual appreciation rate is lower than 60% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$225,721

Hurricane, UT HOME PRICES

Value Range
> $1,258,000 0.5
$943,001 - $1,258,000 0.5
$629,001 - $943,000 1.9
$503,001 - $629,000 3.3
$377,001 - $503,000 9.0
$252,001 - $377,000 28.0
$126,001 - $252,000 43.2
$63,001 - $126,000 10.0
$0 - $63,000 3.6

Average for UT
High for Nation

Value Relative to Nation Value Relative to State
26.6904957224892 59.0604026845638

Number Of Homes And Apartments:
4,766

Hurricane 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
51.32% 2.43% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,189 / per month

Homeownership Rate

Homeownership
Owners 63.89
Renters 36.11
Vacant 16.55

Housing Market Details

 

Age of Homes

AGE OF Hurricane HOMES
2000 or Newer 37.4
1970 - 1999 55.6
1940 - 1969 5.3
1939 or Older 1.7

Types of Homes

TYPE OF Hurricane HOMES
Single-Family 75.9
Townhomes 9.8
Small Apt. Buildings 2.7
Apt. Complexes 0.5
Mobile Homes 10.8
Other 0.2

Home Size

SIZE OF Hurricane HOMES
No Bedroom 0.25
1 Bedroom 10.07
2 Bedrooms 13.76
3 Bedrooms 47.63
4 Bedrooms 17.67
5 or more bedrooms 10.63

Popular Neighborhoods in Hurricane

Zip Codes in Hurricane, UT