Lindon, 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

Lindon, UT Housing Market Trends

With a population of 11,100, 2,890 total housing units (homes and apartments), and a median house value of $548,637, Lindon house prices are not only among the most expensive in Utah, Lindon real estate also is some of the most expensive in all of America.

Lindon is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Lindon than is found in 98% of the communities in America.

The large homes that make up Lindon are primarily owner-occupied ( 81.54%).

There is a lot of housing in Lindon 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 Lindon built between 2000 and later ( 33.80%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.01%). There's also some housing in Lindon built before 1939 ( 3.65%).

Lindon Home Appreciation Rates

In the last 10 years, Lindon has experienced some of the highest home appreciation rates of any community in the nation. Lindon real estate appreciated 71.27% over the last ten years, which is an average annual home appreciation rate of 5.53%, putting Lindon in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lindon 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 Lindon that despite a nationwide downturn in the housing market, Lindon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lindon appreciation rates continue to be some of the highest in America, at 6.74%, which is higher than appreciation rates in 82.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lindon. Lindon appreciation rates in the latest quarter were at 2.38%, which equates to an annual appreciation rate of 9.89%.

Relative to Utah, our data show that Lindon's latest annual appreciation rate is lower than 90% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$548,637

Lindon, UT HOME PRICES

> $1,258,000
5.1%
5.1%
$943,001 - $1,258,000
5.0%
5.0%
$629,001 - $943,000
20.7%
20.7%
$503,001 - $629,000
20.0%
20.0%
$377,001 - $503,000
27.8%
27.8%
$251,001 - $377,000
18.0%
18.0%
$126,001 - $251,000
1.9%
1.9%
$63,001 - $126,000
0.0%
0.0%
$0 - $63,000
1.6%
1.6%
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:
2,890

Lindon 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
92.13% 3.16%
2
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,577 / per month

Homeownership Rate

Owners
81.5%
81.5%
Renters
18.5%
18.5%
Vacant
5.0%
5.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
33.8%
33.8%
1970 - 1999
58.5%
58.5%
1940 - 1969
4.0%
4.0%
1939 or Older
3.7%
3.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
80.4%
80.4%
Townhomes
8.2%
8.2%
Small Apt. Buildings
6.0%
6.0%
Apt. Complexes
4.2%
4.2%
Mobile Homes
1.2%
1.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
2.7%
2.7%
2 Bedrooms
8.9%
8.9%
3 Bedrooms
21.3%
21.3%
4 Bedrooms
24.2%
24.2%
5 or more bedrooms
41.2%
41.2%
0.0% 100.0%
% OF HOMES