Price, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Price Neighborhoods Since 2000




Price, 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

Price Housing Market Information

With 8,378 people, 2,974 houses or apartments, and a median cost of homes of $116,309, house prices in Price are solidly below the national average.

Single-family detached homes are the single most common housing type in Price, accounting for 69.23% of the city's housing units. Other types of housing that are prevalent in Price include duplexes, homes converted to apartments or other small apartment buildings ( 15.31%), large apartment complexes or high rise apartments ( 8.09%), and a few mobile homes or trailers ( 4.95%).

The most prevalent building size and type in Price are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.57% owning and 44.43% renting.

There is a lot of housing in Price 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 Price built between 1940-1969 ( 34.18%). A lesser amount of the housing stock also hails from before 1939 ( 16.39%). There's also some housing in Price built between 2000 and later ( 6.40%).

Vacant housing appears to be an issue in Price. Fully 10.21% of the housing stock is classified as vacant. Left unchecked, vacant Price homes and apartments can be a drag on the real estate market, holding Price 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.

Price Home Appreciation Rates

Appreciation rates for homes in Price have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.80%, which ranks in the top 40% nationwide. This equates to an annual average Price house appreciation rate of 0.57%.

Over the last year, Price appreciation rates have trailed the rest of the nation. In the last twelve months, Price's appreciation rate has been 1.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Price were at 0.44%, which equates to an annual appreciation rate of 1.77%.

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

Average Home Values

 

Median Home Value:
$116,309

Price, UT HOME PRICES

Value Range
> $1,026,000 0.2
$770,001 - $1,026,000 0.0
$513,001 - $770,000 0.0
$410,001 - $513,000 0.4
$308,001 - $410,000 3.9
$205,001 - $308,000 12.2
$103,001 - $205,000 48.0
$51,001 - $103,000 25.3
$0 - $51,000 10.1

Very Low for UT
Low for Nation

Value Relative to Nation Value Relative to State
67.578811672331 97.9865771812081

Number Of Homes And Apartments:
2,974

Price 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
33.87% 1.71% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$767 / per month

Homeownership Rate

Homeownership
Owners 55.57
Renters 44.43
Vacant 10.21

Housing Market Details

 

Age of Homes

AGE OF Price HOMES
2000 or Newer 6.4
1970 - 1999 43.0
1940 - 1969 34.2
1939 or Older 16.4

Types of Homes

TYPE OF Price HOMES
Single-Family 69.2
Townhomes 2.2
Small Apt. Buildings 15.3
Apt. Complexes 8.1
Mobile Homes 5.0
Other 0.2

Home Size

SIZE OF Price HOMES
No Bedroom 1.96
1 Bedroom 10.14
2 Bedrooms 27.20
3 Bedrooms 33.36
4 Bedrooms 19.14
5 or more bedrooms 8.18

Popular Neighborhoods in Price

Popular Communities Near Price, UT

Zip Codes in Price, UT