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 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

Average Home Values

Median Home Value:
$343,683

Number Of Homes And Apartments:
977,313

Utah Home Prices

> $1,284,469
1.6%
1.6%
$963,336 - $1,284,469
2.3%
2.3%
$642,236 - $963,335
7.6%
7.6%
$513,800 - $642,235
9.6%
9.6%
$385,307 - $513,799
19.3%
19.3%
$256,839 - $385,306
31.0%
31.0%
$128,423 - $256,838
22.8%
22.8%
$64,271 - $128,422
2.5%
2.5%
$0 - $64,270
3.4%
3.4%
0.0% 100.0%
% OF HOMES

Utah Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q3 - 2020 Q4
3.32% 13.95%
10
Last 12 Months:
2019 Q4 - 2020 Q4
9.05% 9.05%
10
Last 2 Years:
2018 Q4 - 2020 Q4
16.70% 8.03%
10
Last 5 Years:
2015 Q4 - 2020 Q4
49.27% 8.34%
10
Last 10 Years:
2010 Q4 - 2020 Q4
76.06% 5.82%
9
Since 2000:
2000 Q1 - 2020 Q4
137.95% 4.27%
8
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,465 / per month

Homeownership Rate

Owners
69.1%
69.1%
Renters
30.9%
30.9%
Vacant
10.1%
10.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
29.9%
29.9%
1970 - 1999
45.9%
45.9%
1940 - 1969
17.3%
17.3%
1939 or Older
7.0%
7.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.3%
68.3%
Townhomes
6.4%
6.4%
Small Apt. Buildings
7.1%
7.1%
Apt. Complexes
14.8%
14.8%
Mobile Homes
3.4%
3.4%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.9%
1.9%
1 Bedroom
7.1%
7.1%
2 Bedrooms
19.4%
19.4%
3 Bedrooms
29.3%
29.3%
4 Bedrooms
22.1%
22.1%
5 or more bedrooms
20.2%
20.2%
0.0% 100.0%
% OF HOMES