Layton, 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 Q4 2020. 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

Layton, UT Housing Market Trends

With 78,014 people, 24,061 houses or apartments, and a median cost of homes of $368,062, Layton real estate prices are well above average cost compared to national prices.

Layton is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Layton 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 Layton. Owner-occupied housing accounts for 70.44% of Layton's homes, and 53.91% 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 ( 27.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.45%). There's also some housing in Layton built before 1939 ( 1.49%).

Layton Home Appreciation Rates

In the last 10 years, Layton has experienced some of the highest home appreciation rates of any community in the nation. Layton real estate appreciated 70.79% over the last ten years, which is an average annual home appreciation rate of 5.50%, putting Layton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Layton 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 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 7.94%, which is higher than appreciation rates in 95.51% 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 2.69%, which equates to an annual appreciation rate of 11.22%.

Relative to Utah, our data show that Layton's latest annual appreciation rate is higher 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 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

 
info

Median Home Value:
$368,062

Layton, UT HOME PRICES

> $1,307,000
0.8%
0.8%
$981,001 - $1,307,000
0.7%
0.7%
$654,001 - $981,000
4.5%
4.5%
$523,001 - $654,000
8.8%
8.8%
$392,001 - $523,000
19.2%
19.2%
$262,001 - $392,000
37.2%
37.2%
$131,001 - $262,000
22.3%
22.3%
$65,001 - $131,000
1.6%
1.6%
$0 - $65,000
5.0%
5.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for UT

Value Relative To Nation

Number Of Homes And Apartments:
24,061

Layton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
108.82% 3.57%
6
8
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,507 / per month

Homeownership Rate

Owners
70.4%
70.4%
Renters
29.6%
29.6%
Vacant
3.7%
3.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
27.4%
27.4%
1970 - 1999
59.7%
59.7%
1940 - 1969
11.4%
11.4%
1939 or Older
1.5%
1.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
71.0%
71.0%
Townhomes
2.6%
2.6%
Small Apt. Buildings
5.6%
5.6%
Apt. Complexes
15.1%
15.1%
Mobile Homes
5.7%
5.7%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
6.2%
6.2%
2 Bedrooms
15.8%
15.8%
3 Bedrooms
26.4%
26.4%
4 Bedrooms
27.5%
27.5%
5 or more bedrooms
22.5%
22.5%
0.0% 100.0%
% OF HOMES