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 17,865 people, 4,980 houses or apartments, and a median cost of homes of $742,633, Heber City house prices are not only among the most expensive in Utah, Heber City real estate also is some of the most expensive in all of America.
Heber City is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Heber City 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 Heber City. Owner-occupied housing accounts for 77.35% of Heber City's homes, and 56.13% have either three or four bedrooms, which is average sized relative to America.
Heber City homes and real estate are some of the newest in America. 52.54% of Heber City'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 Heber City real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.94%), and before 1939 ( 11.38%). There's also some housing in Heber City built between 1940-1969 ( 9.15%).
In the last 10 years, Heber City has experienced some of the highest home appreciation rates of any community in the nation. Heber City real estate appreciated 155.06% over the last ten years, which is an average annual home appreciation rate of 9.82%, putting Heber City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Heber City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Heber City's appreciation rate, at 5.55%, has been at or slightly above the national average. In the latest quarter, Heber City's appreciation rate has been 0.63%, which annualizes to a rate of 2.55%.
Relative to Utah, our data show that Heber City's latest annual appreciation rate is higher than 60% 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 Heber City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Heber 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 Heber City real estate investment or home purchase decisions.
$742,633
for Utah
for nation
4,980
$2,109 / per month