The housing market in Fayette, UT is thriving with a median value of $289,900. This is significantly lower than the national median housing value of $338,100. The US has seen an appreciation rate of 8.27% over the past year, while Fayette, UT has seen an even more impressive increase of 10.89%. It is clear that the housing market in Fayette is strong and provides great opportunities for buyers and investors alike.
The median home cost in Fayette is $289,900. Home appreciation the last 10 years has been 166.8%. Home Appreciation in Fayette is up 16.1%.
Average Age of Homes
- The median age of Fayette real estate is 34 years old
The Rental Market in Fayette
- Renters make up 13.1% of the Fayette population
- 3.6% of houses and apartments in Fayette, 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.