Tremonton, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Tremonton, UT Real Estate Data


Tremonton Housing Market Information

With a population of 8,227, 2,442 total housing units (homes and apartments), and a median house value of $183,186, 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 71.98% 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 ( 13.46%), large apartment complexes or high rise apartments ( 5.60%), and a few mobile homes or trailers ( 5.18%).

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 75.02% of Tremonton's homes, and 52.53% 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 ( 29.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.12%). There's also some housing in Tremonton built before 1939 ( 5.10%).

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 13.56%, which ranks in the top 30% nationwide. This equates to an annual average Tremonton house appreciation rate of 1.28%.

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 7.38%, which is higher than appreciation rates in 87.70% 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 3.04%, which equates to an annual appreciation rate of 12.73%.

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 higher than 50% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$183,186

Tremonton, UT HOME PRICES

Value Range
> $1,164,000 0.0
$872,001 - $1,164,000 0.0
$581,001 - $872,000 1.0
$466,001 - $581,000 0.6
$349,001 - $466,000 6.6
$233,001 - $349,000 18.8
$116,001 - $233,000 62.9
$58,001 - $116,000 4.7
$0 - $58,000 5.4

Very Low for UT
High for Nation

Value Relative to Nation Value Relative to State
38.2034315160743 81.8791946308725

Number Of Homes And Apartments:
2,442

Rent & Ownership

 

Average Market Rent:
$855 / per month

Homeownership Rate

Homeownership
Owners 75.02
Renters 24.98
Vacant 4.98

Housing Market Details

 

Age of Homes

AGE OF Tremonton HOMES
2000 or Newer 29.5
1970 - 1999 45.3
1940 - 1969 20.1
1939 or Older 5.1

Types of Homes

TYPE OF Tremonton HOMES
Single-Family 72.0
Townhomes 3.8
Small Apt. Buildings 13.5
Apt. Complexes 5.6
Mobile Homes 5.2
Other 0.0

Home Size

SIZE OF Tremonton HOMES
No Bedroom 0.43
1 Bedroom 7.16
2 Bedrooms 18.40
3 Bedrooms 31.79
4 Bedrooms 20.74
5 or more bedrooms 21.48

Tremonton 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
27.13% 1.42% 1 3
* 10 is highest

Popular Neighborhoods in Tremonton

Popular Communities Near Tremonton, UT

Zip Codes in Tremonton, UT