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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Sandy, 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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Sandy, UT Housing Market Trends

With a population of 93,022, 32,747 total housing units (homes and apartments), and a median house value of $692,512, Sandy house prices are not only among the most expensive in Utah, Sandy real estate also is some of the most expensive in all of America.

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

The large homes that make up Sandy are primarily owner-occupied ( 76.11%).

There is a lot of housing in Sandy built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sandy built between 2000 and later ( 20.41%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.29%). There's also some housing in Sandy built before 1939 ( 1.42%).

Sandy Home Appreciation Rates

In the last 10 years, Sandy has experienced some of the highest home appreciation rates of any community in the nation. Sandy real estate appreciated 128.00% over the last ten years, which is an average annual home appreciation rate of 8.59%, putting Sandy in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sandy 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, Sandy appreciation rates have trailed the rest of the nation. In the last twelve months, Sandy's appreciation rate has been 4.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sandy were at 2.28%, which equates to an annual appreciation rate of 9.43%.

Relative to Utah, our data show that Sandy's latest annual appreciation rate is higher than 50% 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 Sandy differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sandy - 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 Sandy real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$692,512

Sandy, UT Home Prices
> $1,380,000
$1,035,001 - $1,380,000
$690,001 - $1,035,000
$552,001 - $690,000
$414,001 - $552,000
$276,001 - $414,000
$138,001 - $276,000
$69,001 - $138,000
$0 - $69,000
6.0%
6.0%
10.4%
10.4%
28.6%
28.6%
24.6%
24.6%
18.3%
18.3%
7.7%
7.7%
2.1%
2.1%
0.4%
0.4%
1.9%
1.9%
0% 100.0%
% of Homes
Very High

for Utah

Very High

for nation

Number of Homes And Apartments:

32,747

Sandy Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,541 / per month

Homeownership Rate

Owners
Renters
76.1%
76.1%
23.9%
23.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.7%
4.7%
95.3%
95.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
20.4%
20.4%
70.9%
70.9%
7.3%
7.3%
1.4%
1.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.4%
72.4%
6.4%
6.4%
2.4%
2.4%
16.5%
16.5%
2.2%
2.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.9%
1.9%
6.3%
6.3%
12.7%
12.7%
21.6%
21.6%
28.0%
28.0%
29.5%
29.5%
0% 100.0%
% of Homes