South Weber UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

South Weber Housing Market Information

With 7,518 people, 1,962 houses or apartments, and a median cost of homes of $391,802, real estate costs in South Weber are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Utah communities.

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 ( 89.04%).

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 ( 42.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.74%). There's also some housing in South Weber built before 1939 ( 3.79%).

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 54.03% over the last ten years, which is an average annual home appreciation rate of 4.41%, 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 7.26%, which is higher than appreciation rates in 96.18% 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 1.48%, which equates to an annual appreciation rate of 6.07%.

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:
$391,802

South Weber, UT HOME PRICES

Value Range
> $1,317,000 0.3
$987,001 - $1,317,000 0.9
$658,001 - $987,000 5.1
$526,001 - $658,000 13.0
$395,001 - $526,000 23.1
$264,001 - $395,000 39.2
$131,001 - $264,000 12.0
$66,001 - $131,000 0.2
$0 - $66,000 6.3

High for UT
Very High for Nation

Value Relative to Nation Value Relative to State
12.1167883211679 22.8187919463087

Number Of Homes And Apartments:
1,962

South Weber Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
95.47% 3.41%
6
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,799 / per month

Homeownership Rate

Homeownership
Owners 89.04
Renters 10.96
Vacant 4.57

Housing Market Details

 

Age of Homes

AGE OF South Weber HOMES
2000 or Newer 42.2
1970 - 1999 48.3
1940 - 1969 5.7
1939 or Older 3.8

Types of Homes

TYPE OF South Weber HOMES
Single-Family 94.5
Townhomes 1.9
Small Apt. Buildings 2.2
Apt. Complexes 1.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF South Weber HOMES
No Bedroom 0.58
1 Bedroom 1.65
2 Bedrooms 5.98
3 Bedrooms 27.82
4 Bedrooms 29.62
5 or more bedrooms 34.34

Popular Neighborhoods in South Weber

Zip Codes in South Weber, UT