Woods Cross, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Woods Cross Neighborhoods Since 2000




Woods Cross, 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

Woods Cross Housing Market Information

With a population of 11,284, 3,364 total housing units (homes and apartments), and a median house value of $256,051, Woods Cross real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Woods Cross, accounting for 74.15% of the city's housing units. Other types of housing that are prevalent in Woods Cross include large apartment complexes or high rise apartments ( 10.87%), row houses and other attached homes ( 6.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.12%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Woods Cross. Owner-occupied housing accounts for 78.14% of Woods Cross's homes, and 58.79% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Woods Cross 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 Woods Cross built between 2000 and later ( 38.23%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.84%).

Woods Cross Home Appreciation Rates

Appreciation rates for homes in Woods Cross have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.18%, which ranks in the top 30% nationwide. This equates to an annual average Woods Cross house appreciation rate of 1.16%.

Appreciation rates are so strong in Woods Cross that despite a nationwide downturn in the housing market, Woods Cross real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Woods Cross appreciation rates continue to be some of the highest in America, at 8.10%, which is higher than appreciation rates in 87.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Woods Cross. Woods Cross appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.18%.

Importantly, this makes Woods Cross 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 Woods Cross's latest annual appreciation rate is higher than 50% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$256,051

Woods Cross, UT HOME PRICES

Value Range
> $1,232,000 0.0
$924,001 - $1,232,000 0.0
$616,001 - $924,000 0.8
$493,001 - $616,000 0.7
$370,001 - $493,000 6.0
$246,001 - $370,000 48.4
$123,001 - $246,000 38.1
$62,001 - $123,000 1.5
$0 - $62,000 4.4

Average for UT
High for Nation

Value Relative to Nation Value Relative to State
21.651236376421 42.2818791946309

Number Of Homes And Apartments:
3,364

Woods Cross 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
50.13% 2.38% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,031 / per month

Homeownership Rate

Homeownership
Owners 78.14
Renters 21.86
Vacant 2.72

Housing Market Details

 

Age of Homes

AGE OF Woods Cross HOMES
2000 or Newer 38.2
1970 - 1999 43.3
1940 - 1969 17.8
1939 or Older 0.6

Types of Homes

TYPE OF Woods Cross HOMES
Single-Family 74.1
Townhomes 6.8
Small Apt. Buildings 5.1
Apt. Complexes 10.9
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Woods Cross HOMES
No Bedroom 0.00
1 Bedroom 2.81
2 Bedrooms 20.59
3 Bedrooms 30.19
4 Bedrooms 28.60
5 or more bedrooms 17.81