Price, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Price Neighborhoods Since 2000




Price, UT Real Estate Data


Price Housing Market Information

With 8,378 people, 3,047 houses or apartments, and a median cost of homes of $130,391, 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 67.90% 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 ( 15.08%), large apartment complexes or high rise apartments ( 8.60%), and a few mobile homes or trailers ( 6.54%).

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 56.52% owning and 43.48% 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 ( 34.92%). A lesser amount of the housing stock also hails from before 1939 ( 16.93%). There's also some housing in Price built between 2000 and later ( 5.30%).

Vacant housing appears to be an issue in Price. Fully 10.28% 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 9.91%, which ranks in the top 40% nationwide. This equates to an annual average Price house appreciation rate of 0.95%.

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 2.43%, 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 -0.10%, which equates to an annual appreciation rate of -0.40%.

Notably, Price's appreciation rate in the latest quarter is one of the lowest in America.

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:
$130,391

Price, UT HOME PRICES

Value Range
> $1,096,000 0.2
$822,001 - $1,096,000 0.0
$548,001 - $822,000 0.0
$439,001 - $548,000 0.4
$329,001 - $439,000 2.9
$219,001 - $329,000 12.3
$110,001 - $219,000 46.7
$55,001 - $110,000 26.0
$0 - $55,000 11.6

Very Low for UT
Low for Nation

Value Relative to Nation Value Relative to State
60.5668442934942 97.986577181208

Number Of Homes And Apartments:
3,047

Rent & Ownership

 

Average Market Rent:
$750 / per month

Homeownership Rate

Homeownership
Owners 56.52
Renters 43.48
Vacant 10.28

Housing Market Details

 

Age of Homes

AGE OF Price HOMES
2000 or Newer 5.3
1970 - 1999 42.8
1940 - 1969 34.9
1939 or Older 16.9

Types of Homes

TYPE OF Price HOMES
Single-Family 67.9
Townhomes 1.9
Small Apt. Buildings 15.1
Apt. Complexes 8.6
Mobile Homes 6.5
Other 0.0

Home Size

SIZE OF Price HOMES
No Bedroom 3.74
1 Bedroom 9.75
2 Bedrooms 27.27
3 Bedrooms 33.66
4 Bedrooms 18.90
5 or more bedrooms 6.68

Price Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
37.84% 1.91% 3 4
* 10 is highest

Popular Neighborhoods in Price

Popular Communities Near Price, UT

Zip Codes in Price, UT