North Ogden, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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North Ogden, 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 Ogden Housing Market Information

With a population of 18,446, 5,608 total housing units (homes and apartments), and a median house value of $251,355, North Ogden real estate prices are well above average cost compared to national prices.

North Ogden is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in North Ogden 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 North Ogden. Owner-occupied housing accounts for 85.27% of North Ogden's homes, and 60.96% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in North Ogden 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 Ogden built between 2000 and later ( 25.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.89%). There's also some housing in North Ogden built before 1939 ( 2.57%).

North Ogden Home Appreciation Rates

Appreciation rates for homes in North Ogden have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.12%, which ranks in the top 30% nationwide. This equates to an annual average North Ogden house appreciation rate of 0.88%.

Appreciation rates are so strong in North Ogden that despite a nationwide downturn in the housing market, North Ogden real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Ogden appreciation rates continue to be some of the highest in America, at 8.19%, which is higher than appreciation rates in 87.65% 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 Ogden. North Ogden appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.18%.

Importantly, this makes North Ogden 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 Ogden's latest annual appreciation rate is higher than 50% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$251,355

North Ogden, UT HOME PRICES

Value Range
> $1,202,000 0.4
$901,001 - $1,202,000 0.4
$601,001 - $901,000 2.7
$481,001 - $601,000 5.2
$361,001 - $481,000 12.0
$240,001 - $361,000 33.2
$121,001 - $240,000 41.1
$60,001 - $121,000 1.1
$0 - $60,000 3.8

Average for UT
High for Nation

Value Relative to Nation Value Relative to State
22.3309504277511 44.9664429530201

Number Of Homes And Apartments:
5,608

North Ogden 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
41.45% 2.03% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,205 / per month

Homeownership Rate

Homeownership
Owners 85.27
Renters 14.73
Vacant 5.30

Housing Market Details

 

Age of Homes

AGE OF North Ogden HOMES
2000 or Newer 25.9
1970 - 1999 55.7
1940 - 1969 15.9
1939 or Older 2.6

Types of Homes

TYPE OF North Ogden HOMES
Single-Family 85.5
Townhomes 7.0
Small Apt. Buildings 6.8
Apt. Complexes 0.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF North Ogden HOMES
No Bedroom 0.42
1 Bedroom 0.08
2 Bedrooms 13.37
3 Bedrooms 29.15
4 Bedrooms 31.81
5 or more bedrooms 25.16

Popular Neighborhoods in North Ogden

Zip Codes in North Ogden, UT