The housing market in Utah State has seen steady growth over the past year, with a median value of $510,600. This is significantly higher than the US median house value of $338,100. While the US experienced an 8.27% appreciation rate over the last year, Utah appreciated at a rate of 3.94%. This shows that while the state had slightly slower growth than the national average, it still experienced positive gains for homeowners.
The median home cost in Utah is $510,600. Home appreciation the last 10 years has been 160.9%. Home Appreciation in Utah is up 16.7%.
Average Age of Homes
- The median age of Utah real estate is 31 years old
The Rental Market in Utah
- Renters make up 27.2% of the Utah population
- 1.6% of houses and apartments in Utah, 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.