South Weber, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating South Weber Neighborhoods Since 2000




South Weber, 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 Weber Housing Market Information

With 6,971 people, 1,786 houses or apartments, and a median cost of homes of $339,757, South Weber house prices are not only among the most expensive in Utah, South Weber real estate also is some of the most expensive in all of America.

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

The large homes that make up South Weber are primarily owner-occupied ( 90.20%).

There is a lot of housing in South Weber 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 Weber built between 2000 and later ( 41.68%). A lesser amount of the housing stock also hails from before 1939 ( 4.94%). There's also some housing in South Weber built between 1940-1969 ( 4.63%).

South Weber Home Appreciation Rates

Appreciation rates for homes in South Weber have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.48%, which ranks in the top 30% nationwide. This equates to an annual average South Weber house appreciation rate of 1.36%.

Appreciation rates are so strong in South Weber that despite a nationwide downturn in the housing market, South Weber real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, South Weber appreciation rates continue to be some of the highest in America, at 8.83%, which is higher than appreciation rates in 90.23% 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 Weber. South Weber appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.18%.

Importantly, this makes South Weber 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 Weber's latest annual appreciation rate is higher than 70% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$339,757

South Weber, UT HOME PRICES

Value Range
> $1,225,000 0.6
$919,001 - $1,225,000 1.6
$612,001 - $919,000 4.1
$490,001 - $612,000 4.1
$367,001 - $490,000 16.5
$245,001 - $367,000 46.5
$123,001 - $245,000 18.3
$61,001 - $123,000 0.6
$0 - $61,000 7.5

Very High for UT
Very High for Nation

Value Relative to Nation Value Relative to State
12.9966014297433 15.4362416107383

Number Of Homes And Apartments:
1,786

South Weber 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
52.41% 2.47% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,642 / per month

Homeownership Rate

Homeownership
Owners 90.20
Renters 9.80
Vacant 5.05

Housing Market Details

 

Age of Homes

AGE OF South Weber HOMES
2000 or Newer 41.7
1970 - 1999 48.8
1940 - 1969 4.6
1939 or Older 4.9

Types of Homes

TYPE OF South Weber HOMES
Single-Family 93.9
Townhomes 2.9
Small Apt. Buildings 0.0
Apt. Complexes 3.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF South Weber HOMES
No Bedroom 0.00
1 Bedroom 2.02
2 Bedrooms 5.58
3 Bedrooms 34.66
4 Bedrooms 21.69
5 or more bedrooms 36.04

Popular Neighborhoods in South Weber

Zip Codes in South Weber, UT