The housing market in Silver Summit, UT is thriving with a median value of $1,431,900. This is much higher than the US median of $338,100. In addition, the 1 year house appreciation rate was 8.44%, higher than the US rate of 8.27%. This indicates that Silver Summit's housing market remains strong and provides good value for potential homeowners or buyers looking to invest in real estate.
The median home cost in Silver Summit is $1,431,900. Home appreciation the last 10 years has been 157.2%. Home Appreciation in Silver Summit is up 16.3%.
Average Age of Homes
- The median age of Silver Summit real estate is 16 years old
The Rental Market in Silver Summit
- Renters make up 12.7% of the Silver Summit population
- 0.0% of houses and apartments in Silver Summit, 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.