Cities with the fastest-growing home prices in Salt Lake City metro area

(STACKER) – Supply and demand drive the real estate market, influencing everything from building and land values ​​to availability for buyers and sellers. These forces are usually closely related to a region’s economy, labor market, population, demographics, location, interest rates, and several other ever-evolving factors. The coronavirus pandemic put an enormous strain on the economy, but led to a real estate boom, which was mainly driven by the purchase of second homes as holiday properties.

Stacker used data from Zillow to compile a list of the fastest growing property prices in Salt Lake City. The cities are ranked according to the change in the Zillow Home Values ​​Index for all houses and apartments in the last year from September 2021.

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Read on to see if your hometown was added to the list.

#fifteen. Oquirrhe
– 1 year price change: + 28.6%
– 5 years price change: + 77.3%
– Typical home value: $ 487,016 (# 19 most expensive city on the subway)

# 14. West Bank
– 1 year price change: + 28.9%
– 5 years price change: + 77.9%
– Typical home value: $ 511,544 (# 17 most expensive city on the subway)

# 13. Bluffdale
– 1 year price change: + 28.9%
– 5 years price change: + 66.6%
– Typical home value: $ 700,069 (# 7 most expensive city on the subway)

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# 12. Taylorsville
– 1 year price change: + 29.1%
– 5 years price change: + 83.2%
– Typical home value: $ 458,074 (# 23 most expensive city on the subway)

# 11. Cottonwood Heights
– 1 year price change: + 29.4%
– 5 years price change: + 75.7%
– Typical home value: $ 701,910 (# 6 most expensive city on the subway)

# 10. Riverton
– 1 year price change: + 29.4%
– 5 years price change: + 72.4%
– Typical home value: $ 608,254 (# 12 most expensive city on the subway)

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# 9. Magna
– 1 year price change: + 29.5%
– 5 years price change: + 90.1%
– Typical home value: $ 395,155 (# 29 most expensive city on the subway)

#8th. Sandy
– 1 year price change: + 29.5%
– 5 years price change: + 77.9%
– Typical home value: $ 613,888 (# 11 most expensive city on the subway)

# 7. Herriman
– 1 year price change: + 29.6%
– 5 years price change: + 69.2%
– Typical home value: $ 607,665 (# 13 most expensive city on the subway)

# 6. South Jordan
– 1 year price change: + 29.6%
– 5 years price change: + 67.8%
– Typical home value: $ 667,552 (# 9 most expensive city on the subway)

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# 5. Kearns
– 1 year price change: + 30.6%
– 5 years price change: + 91.2%
– Typical home value: $ 403,190 (# 28 most expensive city on the subway)

# 4. Grantsville
– 1 year price change: + 30.8%
– 5 years price change: + 81.8%
– Typical home value: $ 461,312 (# 22 most expensive city on the subway)

# 3. Tooele
– 1 year price change: + 31.3%
– 5 years price change: + 97.2%
– Typical home value: $ 380,439 (# 30 most expensive city on the subway)

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# 2. Stansbury Park
– 1 year price change: + 32.1%
– 5 years price change: + 80.5%
– Typical home value: $ 498,485 (# 18 most expensive city on the subway)

#1. white city
– 1 year price change: + 32.3%
– 5 years price change: + 86.6%
– Typical home value: $ 469,753 (# 20 most expensive city on the subway)

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