West Jordan, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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West Jordan, 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

West Jordan Housing Market Information

With 111,946 people, 31,742 houses or apartments, and a median cost of homes of $281,028, West Jordan real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in West Jordan, accounting for 72.89% of the city's housing units. Other types of housing that are prevalent in West Jordan include large apartment complexes or high rise apartments ( 14.46%), row houses and other attached homes ( 6.76%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.32%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Jordan. Owner-occupied housing accounts for 75.42% of West Jordan's homes, and 56.81% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in West Jordan 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 West Jordan built between 2000 and later ( 31.71%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.09%).

West Jordan Home Appreciation Rates

Appreciation rates for homes in West Jordan have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.73%, which ranks in the top 30% nationwide. This equates to an annual average West Jordan house appreciation rate of 0.93%.

Appreciation rates are so strong in West Jordan that despite a nationwide downturn in the housing market, West Jordan real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Jordan appreciation rates continue to be some of the highest in America, at 9.68%, which is higher than appreciation rates in 92.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in West Jordan. West Jordan appreciation rates in the latest quarter were at 2.95%, which equates to an annual appreciation rate of 12.32%.

Importantly, NeighborhoodScout’s exclusive research found that West Jordan's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Utah, our data show that West Jordan's latest annual appreciation rate is higher than 80% of the other cities and towns in Utah.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within West Jordan differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in West Jordan - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best West Jordan real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$281,028

West Jordan, UT HOME PRICES

Value Range
> $1,269,000 0.4
$952,001 - $1,269,000 0.3
$635,001 - $952,000 0.9
$508,001 - $635,000 2.5
$381,001 - $508,000 13.2
$254,001 - $381,000 42.3
$127,001 - $254,000 34.8
$63,001 - $127,000 1.2
$0 - $63,000 4.4

High for UT
Very High for Nation

Value Relative to Nation Value Relative to State
18.3639985936951 34.2281879194631

Number Of Homes And Apartments:
31,742

West Jordan 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
62.80% 2.87% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,477 / per month

Homeownership Rate

Homeownership
Owners 75.42
Renters 24.58
Vacant 4.16

Housing Market Details

 

Age of Homes

AGE OF West Jordan HOMES
2000 or Newer 31.7
1970 - 1999 62.5
1940 - 1969 5.1
1939 or Older 0.7

Types of Homes

TYPE OF West Jordan HOMES
Single-Family 72.9
Townhomes 6.8
Small Apt. Buildings 3.3
Apt. Complexes 14.5
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF West Jordan HOMES
No Bedroom 0.20
1 Bedroom 6.27
2 Bedrooms 12.98
3 Bedrooms 31.18
4 Bedrooms 25.63
5 or more bedrooms 23.74