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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.



Saratoga Springs, 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

Saratoga Springs, UT Housing Market Trends

With a population of 49,354, 9,716 total housing units (homes and apartments), and a median house value of $615,802, real estate costs in Saratoga Springs 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.

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

The large homes that make up Saratoga Springs are primarily owner-occupied ( 83.83%).

Saratoga Springs homes and real estate are some of the newest in America. 93.01% of Saratoga Springs'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 Saratoga Springs real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 6.26%), and between 1940-1969 ( 0.41%).

Saratoga Springs Home Appreciation Rates

Appreciation rates for homes in Saratoga Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.52%, which ranks in the top 40% nationwide. This equates to an annual average Saratoga Springs house appreciation rate of 7.31%.

Over the last year, Saratoga Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Saratoga Springs's appreciation rate has been 0.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Saratoga Springs were at 2.43%, which equates to an annual appreciation rate of 10.09%.

Relative to Utah, our data show that Saratoga Springs's latest annual appreciation rate is lower than 90% 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 Saratoga Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Saratoga Springs - 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 Saratoga Springs real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$615,802

Saratoga Springs, UT Home Prices
> $1,293,000
$970,001 - $1,293,000
$646,001 - $970,000
$517,001 - $646,000
$388,001 - $517,000
$258,001 - $388,000
$129,001 - $258,000
$65,001 - $129,000
$0 - $65,000
1.1%
1.1%
7.9%
7.9%
36.1%
36.1%
27.6%
27.6%
19.2%
19.2%
6.5%
6.5%
0.4%
0.4%
0.6%
0.6%
0.7%
0.7%
0% 100.0%
% of Homes
High

for Utah

Very High

for nation

Number of Homes And Apartments:

9,716

Saratoga Springs Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,959 / per month

Homeownership Rate

Owners
Renters
83.8%
83.8%
16.2%
16.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.6%
4.6%
95.4%
95.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
93.0%
93.0%
6.3%
6.3%
0.4%
0.4%
0.3%
0.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
77.6%
77.6%
14.7%
14.7%
1.1%
1.1%
6.6%
6.6%
0.0%
0.0%
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
0.1%
0.1%
0.3%
0.3%
4.2%
4.2%
30.0%
30.0%
31.1%
31.1%
34.2%
34.2%
0% 100.0%
% of Homes