West Valley City, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating West Valley City Neighborhoods Since 2000




West Valley City, 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 Valley City Housing Market Information

With a population of 136,208, 36,213 total housing units (homes and apartments), and a median house value of $215,259, West Valley City 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 Valley City, accounting for 65.48% of the city's housing units. Other types of housing that are prevalent in West Valley City include large apartment complexes or high rise apartments ( 12.24%), duplexes, homes converted to apartments or other small apartment buildings ( 9.90%), and a few mobile homes or trailers ( 6.63%).

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 Valley City. Owner-occupied housing accounts for 67.92% of West Valley City's homes, and 55.97% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in West Valley City 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 Valley City built between 1940-1969 ( 21.08%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.93%). There's also some housing in West Valley City built before 1939 ( 1.53%).

West Valley City Home Appreciation Rates

Appreciation rates for homes in West Valley City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.59%, which ranks in the top 30% nationwide. This equates to an annual average West Valley City house appreciation rate of 1.28%.

Appreciation rates are so strong in West Valley City that despite a nationwide downturn in the housing market, West Valley City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Valley City appreciation rates continue to be some of the highest in America, at 11.69%, which is higher than appreciation rates in 97.02% 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 Valley City. West Valley City 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 Valley City'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 Valley City's latest annual appreciation rate is higher than 90% 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 Valley City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in West Valley City - 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 Valley City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$215,259

West Valley City, UT HOME PRICES

Value Range
> $1,309,000 0.3
$982,001 - $1,309,000 0.0
$654,001 - $982,000 0.2
$523,001 - $654,000 0.7
$393,001 - $523,000 2.8
$262,001 - $393,000 23.2
$131,001 - $262,000 60.9
$66,001 - $131,000 3.0
$0 - $66,000 8.9

Low for UT
High for Nation

Value Relative to Nation Value Relative to State
28.6681120356264 61.0738255033557

Number Of Homes And Apartments:
36,213

West Valley City 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
56.64% 2.64% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,274 / per month

Homeownership Rate

Homeownership
Owners 67.92
Renters 32.08
Vacant 5.07

Housing Market Details

 

Age of Homes

AGE OF West Valley City HOMES
2000 or Newer 17.9
1970 - 1999 59.5
1940 - 1969 21.1
1939 or Older 1.5

Types of Homes

TYPE OF West Valley City HOMES
Single-Family 65.5
Townhomes 5.7
Small Apt. Buildings 9.9
Apt. Complexes 12.2
Mobile Homes 6.6
Other 0.0

Home Size

SIZE OF West Valley City HOMES
No Bedroom 0.57
1 Bedroom 5.98
2 Bedrooms 21.48
3 Bedrooms 32.15
4 Bedrooms 23.81
5 or more bedrooms 16.00