Tremonton, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Tremonton Neighborhoods Since 2000




Tremonton, 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

Tremonton Housing Market Information

With 8,227 people, 2,501 houses or apartments, and a median cost of homes of $183,838, Tremonton real estate values are some of the lowest in Utah, although compared to real estate around the nation, Tremonton homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Tremonton, accounting for 71.79% of the city's housing units. Other types of housing that are prevalent in Tremonton include duplexes, homes converted to apartments or other small apartment buildings ( 13.04%), mobile homes or trailers ( 6.08%), and a few large apartment complexes or high rise apartments ( 5.97%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tremonton. Owner-occupied housing accounts for 76.68% of Tremonton's homes, and 55.06% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Tremonton 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 Tremonton built between 2000 and later ( 29.24%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.31%). There's also some housing in Tremonton built before 1939 ( 4.30%).

Tremonton Home Appreciation Rates

Appreciation rates for homes in Tremonton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.22%, which ranks in the top 30% nationwide. This equates to an annual average Tremonton house appreciation rate of 0.89%.

Appreciation rates are so strong in Tremonton that despite a nationwide downturn in the housing market, Tremonton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tremonton appreciation rates continue to be some of the highest in America, at 6.40%, which is higher than appreciation rates in 77.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tremonton. Tremonton appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.18%.

Importantly, this makes Tremonton 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 Tremonton's latest annual appreciation rate is lower than 60% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$183,838

Tremonton, UT HOME PRICES

Value Range
> $1,158,000 0.0
$869,001 - $1,158,000 0.0
$579,001 - $869,000 0.1
$463,001 - $579,000 0.6
$348,001 - $463,000 6.7
$232,001 - $348,000 19.8
$116,001 - $232,000 61.3
$58,001 - $116,000 4.7
$0 - $58,000 6.7

Very Low for UT
High for Nation

Value Relative to Nation Value Relative to State
36.7836634243525 81.2080536912752

Number Of Homes And Apartments:
2,501

Tremonton 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
29.08% 1.49% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$841 / per month

Homeownership Rate

Homeownership
Owners 76.68
Renters 23.32
Vacant 4.90

Housing Market Details

 

Age of Homes

AGE OF Tremonton HOMES
2000 or Newer 29.2
1970 - 1999 43.2
1940 - 1969 23.3
1939 or Older 4.3

Types of Homes

TYPE OF Tremonton HOMES
Single-Family 71.8
Townhomes 3.1
Small Apt. Buildings 13.0
Apt. Complexes 6.0
Mobile Homes 6.1
Other 0.0

Home Size

SIZE OF Tremonton HOMES
No Bedroom 0.42
1 Bedroom 5.36
2 Bedrooms 19.73
3 Bedrooms 33.19
4 Bedrooms 21.86
5 or more bedrooms 19.43

Popular Neighborhoods in Tremonton

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Zip Codes in Tremonton, UT