South Weber, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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South Weber, UT Real Estate Data


South Weber Housing Market Information

With 6,971 people, 1,782 houses or apartments, and a median cost of homes of $302,706, South Weber real estate prices are well above average cost compared to national prices.

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.

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 Weber. Owner-occupied housing accounts for 88.95% of South Weber's homes, and 58.48% have either three or four bedrooms, which is average sized relative to America.

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 ( 42.49%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.16%). There's also some housing in South Weber built before 1939 ( 4.70%).

South Weber Home Appreciation Rates

In the last 10 years, South Weber has experienced some of the highest home appreciation rates of any community in the nation. South Weber real estate appreciated 19.49% over the last ten years, which is an average annual home appreciation rate of 1.80%, putting South Weber in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, South Weber definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 8.03%, which is higher than appreciation rates in 91.63% 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 3.04%, which equates to an annual appreciation rate of 12.73%.

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 80% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$302,706

South Weber, UT HOME PRICES

Value Range
> $1,215,000 1.1
$911,001 - $1,215,000 1.5
$608,001 - $911,000 2.9
$486,001 - $608,000 4.5
$364,001 - $486,000 14.1
$243,001 - $364,000 48.0
$121,001 - $243,000 18.5
$61,001 - $121,000 0.4
$0 - $61,000 9.0

High for UT
Very High for Nation

Value Relative to Nation Value Relative to State
16.6246998887392 26.8456375838926

Number Of Homes And Apartments:
1,782

Rent & Ownership

 

Average Market Rent:
$1,331 / per month

Homeownership Rate

Homeownership
Owners 88.95
Renters 11.05
Vacant 3.78

Housing Market Details

 

Age of Homes

AGE OF South Weber HOMES
2000 or Newer 42.5
1970 - 1999 46.7
1940 - 1969 6.2
1939 or Older 4.7

Types of Homes

TYPE OF South Weber HOMES
Single-Family 92.0
Townhomes 2.2
Small Apt. Buildings 1.8
Apt. Complexes 4.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF South Weber HOMES
No Bedroom 0.00
1 Bedroom 2.70
2 Bedrooms 6.10
3 Bedrooms 34.94
4 Bedrooms 23.54
5 or more bedrooms 32.72

South Weber Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
47.27% 2.30% 5 6
* 10 is highest

Popular Neighborhoods in South Weber

Zip Codes in South Weber, UT