Ogden, UT Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ogden, UT Housing Market Trends

With a population of 87,773, 30,556 total housing units (homes and apartments), and a median house value of $214,290, Ogden real estate values are some of the lowest in Utah, although compared to real estate around the nation, Ogden homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Ogden, accounting for 60.28% of the city's housing units. Other types of housing that are prevalent in Ogden include large apartment complexes or high rise apartments ( 18.23%), duplexes, homes converted to apartments or other small apartment buildings ( 12.83%), and a few row houses and other attached homes ( 5.82%).

The most prevalent building size and type in Ogden are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.01% owning and 43.99% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Ogden's housing was primarily built during this period, from the '40s through the '60s. A full 35.94% of the city's housing hails from this era. Other housing ages represented in Ogden include homes built between 1970-1999 ( 28.50%) and housing constructed before 1939 ( 21.35%). There's also some housing in Ogden built between 2000 and later ( 14.21%).

Ogden Home Appreciation Rates

In the last 10 years, Ogden has experienced some of the highest home appreciation rates of any community in the nation. Ogden real estate appreciated 73.72% over the last ten years, which is an average annual home appreciation rate of 5.68%, putting Ogden in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ogden definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Ogden that despite a nationwide downturn in the housing market, Ogden real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ogden appreciation rates continue to be some of the highest in America, at 7.96%, which is higher than appreciation rates in 95.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ogden. Ogden appreciation rates in the latest quarter were at 2.71%, which equates to an annual appreciation rate of 11.29%.

Relative to Utah, our data show that Ogden's latest annual appreciation rate is higher than 90% of the other cities and towns in Utah.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Ogden differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ogden - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ogden real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$214,290

Ogden, UT HOME PRICES

> $1,334,000
0.5%
0.5%
$1,000,001 - $1,334,000
1.0%
1.0%
$667,001 - $1,000,000
2.1%
2.1%
$534,001 - $667,000
3.1%
3.1%
$400,001 - $534,000
5.9%
5.9%
$267,001 - $400,000
23.1%
23.1%
$133,001 - $267,000
48.2%
48.2%
$67,001 - $133,000
11.5%
11.5%
$0 - $67,000
4.5%
4.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very Low for UT

Value Relative To Nation

Number Of Homes And Apartments:
30,556

Ogden Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
103.70% 3.45%
5
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,096 / per month

Homeownership Rate

Owners
56.0%
56.0%
Renters
44.0%
44.0%
Vacant
8.5%
8.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
14.2%
14.2%
1970 - 1999
28.5%
28.5%
1940 - 1969
35.9%
35.9%
1939 or Older
21.4%
21.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
60.3%
60.3%
Townhomes
5.8%
5.8%
Small Apt. Buildings
12.8%
12.8%
Apt. Complexes
18.2%
18.2%
Mobile Homes
2.8%
2.8%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.7%
4.7%
1 Bedroom
11.8%
11.8%
2 Bedrooms
25.3%
25.3%
3 Bedrooms
32.0%
32.0%
4 Bedrooms
17.4%
17.4%
5 or more bedrooms
8.8%
8.8%
0.0% 100.0%
% OF HOMES