Eagle Mountain, UT Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Eagle Mountain, UT Housing Market Trends

With a population of 38,391, 7,465 total housing units (homes and apartments), and a median house value of $386,432, Eagle Mountain real estate prices are well above average cost compared to national prices.

Eagle Mountain is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Eagle Mountain than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Eagle Mountain. Owner-occupied housing accounts for 87.52% of Eagle Mountain's homes, and 66.45% have either three or four bedrooms, which is average sized relative to America.

Eagle Mountain homes and real estate are some of the newest in America. 89.68% of Eagle Mountain's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Eagle Mountain real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 9.68%), and before 1939 ( 0.64%).

Eagle Mountain Home Appreciation Rates

In the last 10 years, Eagle Mountain has experienced some of the highest home appreciation rates of any community in the nation. Eagle Mountain real estate appreciated 116.42% over the last ten years, which is an average annual home appreciation rate of 8.03%, putting Eagle Mountain in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Eagle Mountain definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Eagle Mountain that despite a nationwide downturn in the housing market, Eagle Mountain real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Eagle Mountain appreciation rates continue to be some of the highest in America, at 14.15%, which is higher than appreciation rates in 93.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Eagle Mountain. Eagle Mountain appreciation rates in the latest quarter were at 5.07%, which equates to an annual appreciation rate of 21.88%.

Importantly, NeighborhoodScout’s exclusive research found that Eagle Mountain'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 Eagle Mountain's latest annual appreciation rate is lower than 50% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$386,432

Eagle Mountain, UT HOME PRICES

> $1,398,000
0.5%
0.5%
$1,049,001 - $1,398,000
0.2%
0.2%
$699,001 - $1,049,000
2.7%
2.7%
$559,001 - $699,000
9.5%
9.5%
$419,001 - $559,000
25.3%
25.3%
$280,001 - $419,000
45.4%
45.4%
$140,001 - $280,000
14.4%
14.4%
$70,001 - $140,000
0.0%
0.0%
$0 - $70,000
2.1%
2.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for UT

Value Relative To Nation

Number Of Homes And Apartments:
7,465

Eagle Mountain Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
120.57% 3.75%
4
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,160 / per month

Homeownership Rate

Owners
87.5%
87.5%
Renters
12.5%
12.5%
Vacant
2.8%
2.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
89.7%
89.7%
1970 - 1999
9.7%
9.7%
1940 - 1969
0.0%
0.0%
1939 or Older
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
85.5%
85.5%
Townhomes
4.6%
4.6%
Small Apt. Buildings
0.9%
0.9%
Apt. Complexes
8.7%
8.7%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
0.4%
0.4%
2 Bedrooms
4.3%
4.3%
3 Bedrooms
38.0%
38.0%
4 Bedrooms
28.4%
28.4%
5 or more bedrooms
28.9%
28.9%
0.0% 100.0%
% OF HOMES

Popular Communities Near Eagle Mountain, UT

Zip Codes in Eagle Mountain, UT