Utah
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






Utah Real Estate Market & Appreciation

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

Average Home Values

Median Home Value:
$374,231

Number Of Homes And Apartments:
977,313

Utah Home Prices

> $1,390,176
1.6%
1.6%
$1,042,751 - $1,390,176
2.3%
2.3%
$694,853 - $1,042,750
7.6%
7.6%
$555,990 - $694,852
9.6%
9.6%
$416,956 - $555,989
19.3%
19.3%
$278,000 - $416,955
31.0%
31.0%
$139,001 - $277,999
22.8%
22.8%
$69,518 - $139,000
2.5%
2.5%
$0 - $69,517
3.4%
3.4%
0.0% 100.0%
% OF HOMES

Utah Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q1 - 2021 Q2
9.68% 44.72%
10
Last 12 Months:
2020 Q2 - 2021 Q2
20.49% 20.49%
10
Last 2 Years:
2019 Q2 - 2021 Q2
28.14% 13.20%
10
Last 5 Years:
2016 Q2 - 2021 Q2
63.66% 10.35%
10
Last 10 Years:
2011 Q2 - 2021 Q2
114.14% 7.91%
10
Since 2000:
2000 Q1 - 2021 Q2
170.90% 4.80%
9
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,669 / per month

Homeownership Rate

Owners
69.1%
69.1%
Renters
30.9%
30.9%
Vacant
10.1%
10.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
29.9%
29.9%
1970 - 1999
45.9%
45.9%
1940 - 1969
17.3%
17.3%
1939 or Older
7.0%
7.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.3%
68.3%
Townhomes
6.4%
6.4%
Small Apt. Buildings
7.1%
7.1%
Apt. Complexes
14.8%
14.8%
Mobile Homes
3.4%
3.4%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.9%
1.9%
1 Bedroom
7.1%
7.1%
2 Bedrooms
19.4%
19.4%
3 Bedrooms
29.3%
29.3%
4 Bedrooms
22.1%
22.1%
5 or more bedrooms
20.2%
20.2%
0.0% 100.0%
% OF HOMES