The housing market in Tropic, UT is very competitive and desirable due to its median value of $196,600. This is well below the US median value of $338,100, making it a great option for those looking to purchase a home. Although the US house appreciation rate was 8.27% in the last year, the rate in Tropic was slightly lower at 7.86%. Despite this lower rate, it is still an excellent market for those looking to invest in real estate.
The median home cost in Tropic is $196,600. Home appreciation the last 10 years has been 170.2%. Home Appreciation in Tropic is up 19.9%.
Average Age of Homes
- The median age of Tropic real estate is 37 years old
The Rental Market in Tropic
- Renters make up 16.0% of the Tropic population
- 3.2% of houses and apartments in Tropic, 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.