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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 19,796, 5,737 total housing units (homes and apartments), and a median house value of $287,668, North Salt Lake real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in North Salt Lake, accounting for 61.62% of the city's housing units. Other types of housing that are prevalent in North Salt Lake include large apartment complexes or high rise apartments ( 14.88%), mobile homes or trailers ( 9.49%), and a few row houses and other attached homes ( 8.74%).
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 Salt Lake. Owner-occupied housing accounts for 72.72% of North Salt Lake's homes, and 56.38% have either three or four bedrooms, which is average sized relative to America.
North Salt Lake homes and real estate are some of the newest in America. 48.39% of North Salt Lake's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the North Salt Lake real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.46%), and between 1940-1969 ( 11.05%). There's also some housing in North Salt Lake built before 1939 ( 4.09%).
Appreciation rates for homes in North Salt Lake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.55%, which ranks in the top 40% nationwide. This equates to an annual average North Salt Lake house appreciation rate of 0.64%.
Appreciation rates are so strong in North Salt Lake that despite a nationwide downturn in the housing market, North Salt Lake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Salt Lake appreciation rates continue to be some of the highest in America, at 7.88%, which is higher than appreciation rates in 86.18% 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 Salt Lake. North Salt Lake appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.18%.
Importantly, this makes North Salt Lake 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 Salt Lake's latest annual appreciation rate is lower than 50% of the other cities and towns in Utah.
|$908,001 - $1,211,000||2.1|
|$606,001 - $908,000||12.8|
|$484,001 - $606,000||9.3|
|$363,001 - $484,000||10.2|
|$242,001 - $363,000||30.6|
|$121,001 - $242,000||20.9|
|$61,001 - $121,000||0.7|
|$0 - $61,000||10.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF North Salt Lake HOMES|
|2000 or Newer||48.4|
|1970 - 1999||36.5|
|1940 - 1969||11.1|
|1939 or Older||4.1|
|TYPE OF North Salt Lake HOMES|
|Small Apt. Buildings||5.1|
|SIZE OF North Salt Lake HOMES|
|5 or more bedrooms||19.55|