The housing market in Torrey, UT has been thriving in recent years. The median value of a house in the area is currently $310,500, which is slightly lower than the US median of $338,100. However, the appreciation rate for houses in Torrey over the past year was 7.86%, only slightly lower than the national average of 8.27%. This means that despite being a bit cheaper than other parts of the country, the housing market in Torrey is still performing well and property values are increasing steadily.
The median home cost in Torrey is $310,500. Home appreciation the last 10 years has been 170.2%. Home Appreciation in Torrey is up 19.9%.
Average Age of Homes
- The median age of Torrey real estate is 35 years old
The Rental Market in Torrey
- Renters make up 10.1% of the Torrey population
- 2.5% of houses and apartments in Torrey, 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.