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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 93,613 people, 29,010 houses or apartments, and a median cost of homes of $356,915, Sandy house prices are not only among the most expensive in Utah, Sandy real estate also is some of the most expensive in all of America.
Sandy is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Sandy than is found in 98% of the communities in America.
The large homes that make up Sandy are primarily owner-occupied ( 76.40%).
There is a lot of housing in Sandy 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 Sandy built between 2000 and later ( 12.65%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.18%). There's also some housing in Sandy built before 1939 ( 1.66%).
Appreciation rates for homes in Sandy have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.70%, which ranks in the top 30% nationwide. This equates to an annual average Sandy house appreciation rate of 1.11%.
Appreciation rates are so strong in Sandy that despite a nationwide downturn in the housing market, Sandy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sandy appreciation rates continue to be some of the highest in America, at 9.99%, which is higher than appreciation rates in 93.83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sandy. Sandy appreciation rates in the latest quarter were at 2.95%, which equates to an annual appreciation rate of 12.32%.
Importantly, NeighborhoodScout’s exclusive research found that Sandy's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Utah, our data show that Sandy'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 Sandy differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sandy - 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 Sandy real estate investment or home purchase decisions.
|$946,001 - $1,261,000||1.7|
|$630,001 - $946,000||7.0|
|$504,001 - $630,000||7.8|
|$378,001 - $504,000||21.4|
|$252,001 - $378,000||39.7|
|$126,001 - $252,000||17.3|
|$63,001 - $126,000||0.8|
|$0 - $63,000||3.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Sandy HOMES|
|2000 or Newer||12.6|
|1970 - 1999||78.5|
|1940 - 1969||7.2|
|1939 or Older||1.7|
|TYPE OF Sandy HOMES|
|Small Apt. Buildings||2.9|
|SIZE OF Sandy HOMES|
|5 or more bedrooms||31.73|