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Utah
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






Utah Real Estate Market & Appreciation

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 Q3 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$499,127

Number Of Homes And Apartments:
1,023,696

Utah Home Prices

> $1,646,571
$1,234,655 - $1,646,571
$823,339 - $1,234,654
$658,581 - $823,338
$494,001 - $658,580
$329,204 - $494,000
$164,571 - $329,203
$82,350 - $164,570
$0 - $82,349
1.9%
1.9%
2.5%
2.5%
9.7%
9.7%
12.6%
12.6%
22.9%
22.9%
28.9%
28.9%
16.3%
16.3%
1.9%
1.9%
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Utah Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2022 Q2 - 2022 Q3
-0.49% -1.94%
2
Last 12 Months:
2021 Q3 - 2022 Q3
16.68% 16.68%
8
Last 2 Years:
2020 Q3 - 2022 Q3
48.46% 21.84%
10
Last 5 Years:
2017 Q3 - 2022 Q3
85.54% 13.16%
10
Last 10 Years:
2012 Q3 - 2022 Q3
160.90% 10.06%
10
Since 2000:
2000 Q1 - 2022 Q3
242.28% 5.62%
9
* 10 is highest

Rent & Homeownership

Average Market Rent:
$2,061 / per month

Homeownership Rate

Owners
Renters
Vacant
69.5%
69.5%
30.5%
30.5%
9.6%
9.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
31.1%
31.1%
45.1%
45.1%
17.1%
17.1%
6.8%
6.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.5%
68.5%
6.7%
6.7%
6.7%
6.7%
14.9%
14.9%
3.1%
3.1%
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.9%
1.9%
6.9%
6.9%
19.2%
19.2%
29.2%
29.2%
22.1%
22.1%
20.6%
20.6%
0.0% 100.0%
% OF HOMES