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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