Elk Ridge, UT is a small town located in Utah. The housing median value in Elk Ridge is much higher than the US housing median value of $338,100, coming in at an average of $657,300. This is reflective of the high growth rate of the area over the past year with a house appreciation rate of 10.89%, which is higher than the US 1 year house appreciation rate of 8.27%. The population and demand for housing in Elk Ridge are growing quickly, making it an attractive place to live for many people looking to buy or invest in a property.
The median home cost in Elk Ridge is $657,300. Home appreciation the last 10 years has been 166.8%. Home Appreciation in Elk Ridge is up 16.1%.
Average Age of Homes
- The median age of Elk Ridge real estate is 18 years old
The Rental Market in Elk Ridge
- Renters make up 4.3% of the Elk Ridge population
- 0.0% of houses and apartments in Elk Ridge, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.