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

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November 23, 2022
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Cities with the fastest growing home prices in Salt Lake City metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Salt Lake City, UT metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. Data was available for 32 cities and towns in Salt Lake City.

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Stacker

#30. Kearns, Kearns

- 1-year price change: +$43,801 (+10.9%)
- 5-year price change: +$210,894 (+90.4%)
- Typical home value: $444,106 (#28 most expensive city in metro)
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Stacker

#29. Taylorsville, Taylorsville

- 1-year price change: +$44,141 (+9.7%)
- 5-year price change: +$223,755 (+81.6%)
- Typical home value: $497,813 (#23 most expensive city in metro)
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Stacker

#28. Cottonwood West, Cottonwood West

- 1-year price change: +$44,865 (+10.1%)
- 5-year price change: +$205,488 (+72.7%)
- Typical home value: $488,054 (#24 most expensive city in metro)
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#27. White City, White City

- 1-year price change: +$45,083 (+9.7%)
- 5-year price change: +$231,972 (+84.1%)
- Typical home value: $507,883 (#22 most expensive city in metro)
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Stacker

#26. West Valley City, West Valley City

- 1-year price change: +$46,030 (+10.8%)
- 5-year price change: +$216,593 (+85.0%)
- Typical home value: $471,324 (#25 most expensive city in metro)

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Stacker

#25. Salt Lake City, Salt Lake City

- 1-year price change: +$46,479 (+8.5%)
- 5-year price change: +$251,258 (+73.2%)
- Typical home value: $594,335 (#15 most expensive city in metro)
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#24. Midvale, Midvale

- 1-year price change: +$50,016 (+10.8%)
- 5-year price change: +$228,688 (+79.8%)
- Typical home value: $515,183 (#21 most expensive city in metro)
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#23. Murray, Murray

- 1-year price change: +$52,099 (+10.2%)
- 5-year price change: +$252,802 (+80.9%)
- Typical home value: $565,318 (#18 most expensive city in metro)
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#22. Bingham Canyon, Bingham Canyon

- 1-year price change: +$53,945 (+14.2%)
- 5-year price change: +$211,675 (+95.5%)
- Typical home value: $433,413 (#31 most expensive city in metro)
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#21. Millcreek, Millcreek

- 1-year price change: +$55,158 (+9.0%)
- 5-year price change: +$285,732 (+75.3%)
- Typical home value: $664,961 (#14 most expensive city in metro)

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#20. West Jordan, West Jordan

- 1-year price change: +$56,779 (+11.1%)
- 5-year price change: +$254,305 (+81.5%)
- Typical home value: $566,499 (#17 most expensive city in metro)
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#19. Tooele, Tooele

- 1-year price change: +$58,129 (+15.4%)
- 5-year price change: +$220,845 (+102.7%)
- Typical home value: $435,846 (#29 most expensive city in metro)
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#18. Herriman, Herriman

- 1-year price change: +$59,020 (+9.7%)
- 5-year price change: +$282,643 (+73.2%)
- Typical home value: $668,927 (#12 most expensive city in metro)
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#17. Oquirrh, Oquirrh

- 1-year price change: +$59,849 (+12.5%)
- 5-year price change: +$245,206 (+83.1%)
- Typical home value: $540,351 (#20 most expensive city in metro)
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#16. Sandy, Sandy

- 1-year price change: +$61,327 (+10.0%)
- 5-year price change: +$299,425 (+79.4%)
- Typical home value: $676,658 (#11 most expensive city in metro)

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#15. Bluffdale, Bluffdale

- 1-year price change: +$61,571 (+9.3%)
- 5-year price change: +$293,955 (+68.6%)
- Typical home value: $722,522 (#8 most expensive city in metro)
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#14. South Jordan, South Jordan

- 1-year price change: +$65,269 (+9.9%)
- 5-year price change: +$301,522 (+71.7%)
- Typical home value: $721,979 (#9 most expensive city in metro)
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#13. Riverton, Riverton

- 1-year price change: +$65,713 (+10.9%)
- 5-year price change: +$291,154 (+77.5%)
- Typical home value: $666,618 (#13 most expensive city in metro)
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#12. Holladay, Holladay

- 1-year price change: +$70,002 (+9.1%)
- 5-year price change: +$351,349 (+72.6%)
- Typical home value: $835,399 (#5 most expensive city in metro)
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#11. Cottonwood Heights, Cottonwood Heights

- 1-year price change: +$72,532 (+10.4%)
- 5-year price change: +$335,447 (+76.8%)
- Typical home value: $772,448 (#7 most expensive city in metro)

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#10. Stockton, Stockton

- 1-year price change: +$74,904 (+25.3%)
- 5-year price change: +$184,374 (+99.0%)
- Typical home value: $370,578 (#32 most expensive city in metro)
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#9. Grantsville, Grantsville

- 1-year price change: +$75,847 (+16.2%)
- 5-year price change: +$256,309 (+89.5%)
- Typical home value: $542,780 (#19 most expensive city in metro)
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#8. Vernon, Vernon

- 1-year price change: +$78,286 (+20.2%)
- 5-year price change: +$256,309 (data not available)
- Typical home value: $466,065 (#26 most expensive city in metro)
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#7. Stansbury Park, Stansbury Park

- 1-year price change: +$82,102 (+16.5%)
- 5-year price change: +$279,545 (+93.4%)
- Typical home value: $578,871 (#16 most expensive city in metro)
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#6. Draper, Draper

- 1-year price change: +$83,304 (+10.8%)
- 5-year price change: +$360,311 (+72.8%)
- Typical home value: $854,922 (#4 most expensive city in metro)

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#5. Alta, Alta

- 1-year price change: +$105,320 (+7.9%)
- 5-year price change: +$540,695 (+59.8%)
- Typical home value: $1,445,392 (#1 most expensive city in metro)
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#4. Mount Olympus, Mount Olympus

- 1-year price change: +$112,315 (+11.5%)
- 5-year price change: +$455,800 (+72.1%)
- Typical home value: $1,087,610 (#3 most expensive city in metro)
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#3. Rush Valley, Rush Valley

- 1-year price change: +$117,416 (+20.9%)
- 5-year price change: +$336,336 (+98.0%)
- Typical home value: $679,415 (#10 most expensive city in metro)
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#2. Erda, Erda

- 1-year price change: +$131,630 (+19.4%)
- 5-year price change: +$355,023 (+77.9%)
- Typical home value: $810,708 (#6 most expensive city in metro)
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#1. Granite, Granite

- 1-year price change: +$132,125 (+12.4%)
- 5-year price change: +$537,287 (+81.0%)
- Typical home value: $1,200,615 (#2 most expensive city in metro)

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