Santaquin, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Santaquin Neighborhoods Since 2000




Santaquin, 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

Santaquin Housing Market Information

With a population of 10,572, 2,451 total housing units (homes and apartments), and a median house value of $227,238, Santaquin real estate prices are well above average cost compared to national prices.

Santaquin is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Santaquin than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Santaquin. Owner-occupied housing accounts for 81.93% of Santaquin's homes, and 58.66% have either three or four bedrooms, which is average sized relative to America.

Santaquin homes and real estate are some of the newest in America. 45.07% of Santaquin's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Santaquin real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.31%), and before 1939 ( 7.41%). There's also some housing in Santaquin built between 1940-1969 ( 7.21%).

Santaquin Home Appreciation Rates

Appreciation rates for homes in Santaquin have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.70%, which ranks in the top 40% nationwide. This equates to an annual average Santaquin house appreciation rate of 0.74%.

Appreciation rates are so strong in Santaquin that despite a nationwide downturn in the housing market, Santaquin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Santaquin appreciation rates continue to be some of the highest in America, at 8.61%, which is higher than appreciation rates in 89.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Santaquin. Santaquin appreciation rates in the latest quarter were at 2.90%, which equates to an annual appreciation rate of 12.10%.

Importantly, this makes Santaquin one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Utah, our data show that Santaquin's latest annual appreciation rate is higher than 60% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$227,238

Santaquin, UT HOME PRICES

Value Range
> $1,286,000 0.2
$965,001 - $1,286,000 0.0
$643,001 - $965,000 0.6
$515,001 - $643,000 2.1
$386,001 - $515,000 6.7
$257,001 - $386,000 31.0
$129,001 - $257,000 54.4
$64,001 - $129,000 2.5
$0 - $64,000 2.6

Average for UT
High for Nation

Value Relative to Nation Value Relative to State
26.3096214695887 57.7181208053691

Number Of Homes And Apartments:
2,451

Santaquin 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
46.96% 2.26% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,233 / per month

Homeownership Rate

Homeownership
Owners 81.93
Renters 18.07
Vacant 2.85

Housing Market Details

 

Age of Homes

AGE OF Santaquin HOMES
2000 or Newer 45.1
1970 - 1999 40.3
1940 - 1969 7.2
1939 or Older 7.4

Types of Homes

TYPE OF Santaquin HOMES
Single-Family 83.1
Townhomes 4.1
Small Apt. Buildings 8.5
Apt. Complexes 2.2
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Santaquin HOMES
No Bedroom 0.00
1 Bedroom 2.54
2 Bedrooms 9.20
3 Bedrooms 31.35
4 Bedrooms 27.31
5 or more bedrooms 29.61

Popular Neighborhoods in Santaquin

Zip Codes in Santaquin, UT