Layton, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Layton, UT Real Estate Data


Layton Housing Market Information

With 74,143 people, 21,838 houses or apartments, and a median cost of homes of $256,926, Layton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Layton, accounting for 73.45% of the city's housing units. Other types of housing that are prevalent in Layton include large apartment complexes or high rise apartments ( 12.67%), mobile homes or trailers ( 5.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Layton. Owner-occupied housing accounts for 74.82% of Layton's homes, and 56.05% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Layton 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 Layton built between 2000 and later ( 20.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.70%). There's also some housing in Layton built before 1939 ( 1.15%).

Layton Home Appreciation Rates

Appreciation rates for homes in Layton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 17.29%, which ranks in the top 30% nationwide. This equates to an annual average Layton house appreciation rate of 1.61%.

Appreciation rates are so strong in Layton that despite a nationwide downturn in the housing market, Layton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Layton appreciation rates continue to be some of the highest in America, at 7.76%, which is higher than appreciation rates in 90.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Layton. Layton appreciation rates in the latest quarter were at 3.04%, which equates to an annual appreciation rate of 12.73%.

Importantly, this makes Layton 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 Layton's latest annual appreciation rate is higher than 60% 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 Layton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Layton - 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 Layton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$256,926

Layton, UT HOME PRICES

Value Range
> $1,224,000 0.9
$918,001 - $1,224,000 0.4
$612,001 - $918,000 2.0
$490,001 - $612,000 4.4
$367,001 - $490,000 11.4
$245,001 - $367,000 29.0
$122,001 - $245,000 42.9
$61,001 - $122,000 1.9
$0 - $61,000 7.0

Average for UT
High for Nation

Value Relative to Nation Value Relative to State
22.0062071792469 44.2953020134228

Number Of Homes And Apartments:
21,838

Rent & Ownership

 

Average Market Rent:
$1,299 / per month

Homeownership Rate

Homeownership
Owners 74.82
Renters 25.18
Vacant 3.66

Housing Market Details

 

Age of Homes

AGE OF Layton HOMES
2000 or Newer 20.7
1970 - 1999 65.4
1940 - 1969 12.7
1939 or Older 1.1

Types of Homes

TYPE OF Layton HOMES
Single-Family 73.5
Townhomes 3.6
Small Apt. Buildings 4.9
Apt. Complexes 12.7
Mobile Homes 5.3
Other 0.1

Home Size

SIZE OF Layton HOMES
No Bedroom 0.59
1 Bedroom 4.35
2 Bedrooms 15.90
3 Bedrooms 29.22
4 Bedrooms 26.83
5 or more bedrooms 23.11

Layton 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
43.73% 2.16% 4 5
* 10 is highest