South Ogden, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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South Ogden, 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

South Ogden Housing Market Information

With a population of 16,955, 6,260 total housing units (homes and apartments), and a median house value of $246,414, South Ogden real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in South Ogden, accounting for 57.70% of the city's housing units. Other types of housing that are prevalent in South Ogden include large apartment complexes or high rise apartments ( 17.10%), duplexes, homes converted to apartments or other small apartment buildings ( 14.78%), and a few row houses and other attached homes ( 10.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in South Ogden. Owner-occupied housing accounts for 66.54% of South Ogden's homes, and 47.51% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in South Ogden 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 South Ogden built between 1940-1969 ( 33.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.18%). There's also some housing in South Ogden built before 1939 ( 2.86%).

South Ogden Home Appreciation Rates

Appreciation rates for homes in South Ogden have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.68%, which ranks in the top 30% nationwide. This equates to an annual average South Ogden house appreciation rate of 1.20%.

Appreciation rates are so strong in South Ogden that despite a nationwide downturn in the housing market, South Ogden real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, South Ogden appreciation rates continue to be some of the highest in America, at 9.52%, which is higher than appreciation rates in 92.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in South Ogden. South Ogden appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.18%.

Importantly, this makes South Ogden 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 South Ogden's latest annual appreciation rate is higher than 80% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$246,414

South Ogden, UT HOME PRICES

Value Range
> $1,224,000 1.0
$918,001 - $1,224,000 0.1
$612,001 - $918,000 2.1
$490,001 - $612,000 3.0
$367,001 - $490,000 6.4
$245,001 - $367,000 28.4
$123,001 - $245,000 48.9
$61,001 - $123,000 4.8
$0 - $61,000 5.2

Average for UT
High for Nation

Value Relative to Nation Value Relative to State
23.0956287354975 49.3288590604027

Number Of Homes And Apartments:
6,260

South Ogden 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
40.63% 2.00% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,019 / per month

Homeownership Rate

Homeownership
Owners 66.54
Renters 33.46
Vacant 6.36

Housing Market Details

 

Age of Homes

AGE OF South Ogden HOMES
2000 or Newer 21.2
1970 - 1999 42.5
1940 - 1969 33.5
1939 or Older 2.9

Types of Homes

TYPE OF South Ogden HOMES
Single-Family 57.7
Townhomes 10.3
Small Apt. Buildings 14.8
Apt. Complexes 17.1
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF South Ogden HOMES
No Bedroom 0.39
1 Bedroom 6.21
2 Bedrooms 33.09
3 Bedrooms 26.19
4 Bedrooms 21.32
5 or more bedrooms 12.80