North Logan, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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North Logan, 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

North Logan Housing Market Information

With 10,181 people, 2,830 houses or apartments, and a median cost of homes of $261,899, North Logan real estate prices are well above average cost compared to national prices.

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

The large homes that make up North Logan are primarily owner-occupied ( 66.90%).

There is a lot of housing in North Logan 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 North Logan built between 2000 and later ( 42.06%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.25%). There's also some housing in North Logan built before 1939 ( 2.54%).

Vacant housing appears to be an issue in North Logan. Fully 11.31% of the housing stock is classified as vacant. Left unchecked, vacant North Logan homes and apartments can be a drag on the real estate market, holding North Logan 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.

North Logan Home Appreciation Rates

Appreciation rates for homes in North Logan have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.36%, which ranks in the top 30% nationwide. This equates to an annual average North Logan house appreciation rate of 0.99%.

Appreciation rates are so strong in North Logan that despite a nationwide downturn in the housing market, North Logan real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Logan appreciation rates continue to be some of the highest in America, at 9.69%, which is higher than appreciation rates in 92.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Logan. North Logan appreciation rates in the latest quarter were at 3.43%, which equates to an annual appreciation rate of 14.45%.

Importantly, this makes North Logan 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 North Logan's latest annual appreciation rate is higher than 80% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$261,899

North Logan, UT HOME PRICES

Value Range
> $1,159,000 0.6
$869,001 - $1,159,000 2.1
$579,001 - $869,000 3.3
$464,001 - $579,000 4.4
$348,001 - $464,000 17.4
$232,001 - $348,000 38.9
$116,001 - $232,000 26.9
$58,001 - $116,000 0.0
$0 - $58,000 6.3

High for UT
High for Nation

Value Relative to Nation Value Relative to State
20.7664361889136 40.2684563758389

Number Of Homes And Apartments:
2,830

North Logan 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
42.65% 2.08% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,072 / per month

Homeownership Rate

Homeownership
Owners 66.90
Renters 33.10
Vacant 11.31

Housing Market Details

 

Age of Homes

AGE OF North Logan HOMES
2000 or Newer 42.1
1970 - 1999 45.2
1940 - 1969 10.2
1939 or Older 2.5

Types of Homes

TYPE OF North Logan HOMES
Single-Family 68.5
Townhomes 6.9
Small Apt. Buildings 6.5
Apt. Complexes 16.4
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF North Logan HOMES
No Bedroom 0.34
1 Bedroom 3.82
2 Bedrooms 23.16
3 Bedrooms 17.96
4 Bedrooms 19.15
5 or more bedrooms 35.57

Popular Neighborhoods in North Logan

Zip Codes in North Logan, UT