Mapleton, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mapleton, 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

Mapleton Housing Market Information

With a population of 9,232, 2,148 total housing units (homes and apartments), and a median house value of $392,120, Mapleton house prices are not only among the most expensive in Utah, Mapleton real estate also is some of the most expensive in all of America.

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

The large homes that make up Mapleton are primarily owner-occupied ( 89.12%).

There is a lot of housing in Mapleton 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 Mapleton built between 2000 and later ( 31.85%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.24%). There's also some housing in Mapleton built before 1939 ( 3.67%).

Mapleton Home Appreciation Rates

Appreciation rates for homes in Mapleton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.63%, which ranks in the top 50% nationwide. This equates to an annual average Mapleton house appreciation rate of 0.36%.

Appreciation rates are so strong in Mapleton that despite a nationwide downturn in the housing market, Mapleton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mapleton appreciation rates continue to be some of the highest in America, at 9.10%, which is higher than appreciation rates in 91.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mapleton. Mapleton appreciation rates in the latest quarter were at 2.90%, which equates to an annual appreciation rate of 12.10%.

Importantly, this makes Mapleton 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 Mapleton's latest annual appreciation rate is higher than 70% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$392,120

Mapleton, UT HOME PRICES

Value Range
> $1,252,000 2.9
$939,001 - $1,252,000 3.0
$626,001 - $939,000 15.5
$501,001 - $626,000 11.9
$376,001 - $501,000 22.2
$250,001 - $376,000 29.9
$125,001 - $250,000 12.6
$63,001 - $125,000 0.2
$0 - $63,000 1.7

Very High for UT
Very High for Nation

Value Relative to Nation Value Relative to State
9.77967889370679 10.0671140939597

Number Of Homes And Apartments:
2,148

Mapleton 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
55.04% 2.57% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,705 / per month

Homeownership Rate

Homeownership
Owners 89.12
Renters 10.88
Vacant 2.67

Housing Market Details

 

Age of Homes

AGE OF Mapleton HOMES
2000 or Newer 31.9
1970 - 1999 53.2
1940 - 1969 11.2
1939 or Older 3.7

Types of Homes

TYPE OF Mapleton HOMES
Single-Family 97.8
Townhomes 0.8
Small Apt. Buildings 0.9
Apt. Complexes 0.0
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Mapleton HOMES
No Bedroom 0.00
1 Bedroom 0.77
2 Bedrooms 5.17
3 Bedrooms 18.58
4 Bedrooms 21.61
5 or more bedrooms 53.87

Popular Neighborhoods in Mapleton

Zip Codes in Mapleton, UT