Oakley, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Oakley, 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

Oakley Housing Market Information

With 1,591 people, 442 houses or apartments, and a median cost of homes of $308,762, Oakley real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Oakley, accounting for 90.59% of the city's housing units. Other types of housing that are prevalent in Oakley include mobile homes or trailers ( 3.87%), row houses and other attached homes ( 2.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.03%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oakley. Owner-occupied housing accounts for 80.54% of Oakley's homes, and 67.53% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Oakley 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 Oakley built between 2000 and later ( 35.42%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.01%). There's also some housing in Oakley built before 1939 ( 6.83%).

Vacant housing appears to be an issue in Oakley. Fully 18.45% of the housing stock is classified as vacant. Left unchecked, vacant Oakley homes and apartments can be a drag on the real estate market, holding Oakley 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.

Oakley Home Appreciation Rates

Real estate appreciation rates in Oakley's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.36% during the period.

NeighborhoodScout's data show that during the latest twelve months, Oakley's appreciation rate, at 4.75%, has been at or slightly above the national average. In the latest quarter, Oakley's appreciation rate has been 0.44%, which annualizes to a rate of 1.77%.

Relative to Utah, our data show that Oakley's latest annual appreciation rate is lower than 70% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$308,762

Oakley 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
53.56% 2.52% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,269 / per month

Homeownership Rate

Homeownership
Owners 80.54
Renters 19.46
Vacant 18.45

Housing Market Details

 

Age of Homes

AGE OF Oakley HOMES
2000 or Newer 35.4
1970 - 1999 50.7
1940 - 1969 7.0
1939 or Older 6.8

Types of Homes

TYPE OF Oakley HOMES
Single-Family 90.6
Townhomes 2.2
Small Apt. Buildings 2.0
Apt. Complexes 1.3
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Oakley HOMES
No Bedroom 1.11
1 Bedroom 6.83
2 Bedrooms 8.86
3 Bedrooms 45.76
4 Bedrooms 21.77
5 or more bedrooms 15.68

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Zip Codes in Oakley, UT