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 9,300, 2,539 total housing units (homes and apartments), and a median house value of $607,877, real estate costs in Hooper are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Utah communities.
Hooper is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Hooper than is found in 98% of the communities in America.
The large homes that make up Hooper are primarily owner-occupied ( 99.13%).
Hooper homes and real estate are some of the newest in America. 54.47% of Hooper'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 Hooper real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.87%), and between 1940-1969 ( 6.34%). There's also some housing in Hooper built before 1939 ( 5.32%).
In the last 10 years, Hooper has experienced some of the highest home appreciation rates of any community in the nation. Hooper real estate appreciated 119.86% over the last ten years, which is an average annual home appreciation rate of 8.20%, putting Hooper in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hooper definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Hooper appreciation rates have trailed the rest of the nation. In the last twelve months, Hooper's appreciation rate has been 2.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hooper were at 0.24%, which equates to an annual appreciation rate of 0.96%.
Notably, Hooper's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Utah, our data show that Hooper's latest annual appreciation rate is lower than 70% of the other cities and towns in Utah.
$607,877
for Utah
for nation
2,539
$1,805 / per month