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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 44,481, 14,505 total housing units (homes and apartments), and a median house value of $513,182, Bountiful real estate prices are well above average cost compared to national prices.
Bountiful is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Bountiful than is found in 98% of the communities in America.
The large homes that make up Bountiful are primarily owner-occupied ( 72.26%).
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bountiful's housing was primarily built during this period, from the '40s through the '60s. A full 40.97% of the city's housing hails from this era. Other housing ages represented in Bountiful include homes built between 1970-1999 ( 40.90%) and housing constructed between 2000 and later ( 13.56%). There's also some housing in Bountiful built before 1939 ( 4.57%).
Appreciation rates for homes in Bountiful have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 113.15%, which ranks in the top 30% nationwide. This equates to an annual average Bountiful house appreciation rate of 7.86%.
Over the last year, Bountiful appreciation rates have trailed the rest of the nation. In the last twelve months, Bountiful's appreciation rate has been 1.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bountiful were at 0.24%, which equates to an annual appreciation rate of 0.96%.
Notably, Bountiful's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Utah, our data show that Bountiful's latest annual appreciation rate is lower 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 Bountiful differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bountiful - 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 Bountiful real estate investment or home purchase decisions.
$513,182
for Utah
for nation
14,505
$2,390 / per month