Cities with the fastest-growing home prices in the Salt Lake City metro area
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April 1, 2024
Konstantin L // Shutterstock
Cities with the fastest-growing home prices in the Salt Lake City metro area
The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.
The typical home value in the United States was $349,216 in February, 4.2% higher than the year before.
Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
Stacker compiled a list of cities with the fastest-growing home prices in the Salt Lake City, UT metro area using data from Zillow. Cities are ranked by their one-year price change as of February 2024.
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Stacker
#29. Cottonwood West, UT
- 1-year price change: -$16,422 (-3.6%)
- 5-year price change: +$131,926 (+42.8%)
- Typical home value: $439,950 (#24 most expensive city in metro)
- 5-year price change: +$131,926 (+42.8%)
- Typical home value: $439,950 (#24 most expensive city in metro)
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Stacker
#28. Bluffdale, UT
- 1-year price change: -$4,343 (-0.7%)
- 5-year price change: +$199,120 (+50.5%)
- Typical home value: $593,677 (#11 most expensive city in metro)
- 5-year price change: +$199,120 (+50.5%)
- Typical home value: $593,677 (#11 most expensive city in metro)
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#27. Herriman, UT
- 1-year price change: -$2,341 (-0.4%)
- 5-year price change: +$187,794 (+48.0%)
- Typical home value: $578,823 (#13 most expensive city in metro)
- 5-year price change: +$187,794 (+48.0%)
- Typical home value: $578,823 (#13 most expensive city in metro)
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#26. Draper, UT
- 1-year price change: -$2,151 (-0.3%)
- 5-year price change: +$258,707 (+51.8%)
- Typical home value: $758,316 (#4 most expensive city in metro)
- 5-year price change: +$258,707 (+51.8%)
- Typical home value: $758,316 (#4 most expensive city in metro)
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#25. South Jordan, UT
- 1-year price change: -$1,382 (-0.2%)
- 5-year price change: +$211,938 (+49.8%)
- Typical home value: $637,476 (#7 most expensive city in metro)
- 5-year price change: +$211,938 (+49.8%)
- Typical home value: $637,476 (#7 most expensive city in metro)
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#24. South Salt Lake, UT
- 1-year price change: -$573 (-0.1%)
- 5-year price change: +$147,538 (+53.8%)
- Typical home value: $421,903 (#25 most expensive city in metro)
- 5-year price change: +$147,538 (+53.8%)
- Typical home value: $421,903 (#25 most expensive city in metro)
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#23. Erda, UT
- 1-year price change: +$3,053 (+0.4%)
- 5-year price change: +$236,834 (+52.4%)
- Typical home value: $689,194 (#6 most expensive city in metro)
- 5-year price change: +$236,834 (+52.4%)
- Typical home value: $689,194 (#6 most expensive city in metro)
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#22. Salt Lake City, UT
- 1-year price change: +$3,305 (+0.6%)
- 5-year price change: +$171,987 (+47.0%)
- Typical home value: $537,797 (#14 most expensive city in metro)
- 5-year price change: +$171,987 (+47.0%)
- Typical home value: $537,797 (#14 most expensive city in metro)
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#21. Oquirrh, UT
- 1-year price change: +$3,356 (+0.7%)
- 5-year price change: +$176,103 (+55.0%)
- Typical home value: $496,128 (#18 most expensive city in metro)
- 5-year price change: +$176,103 (+55.0%)
- Typical home value: $496,128 (#18 most expensive city in metro)
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#20. Riverton, UT
- 1-year price change: +$3,376 (+0.6%)
- 5-year price change: +$211,181 (+53.8%)
- Typical home value: $603,758 (#10 most expensive city in metro)
- 5-year price change: +$211,181 (+53.8%)
- Typical home value: $603,758 (#10 most expensive city in metro)
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#19. Midvale, UT
- 1-year price change: +$3,740 (+0.8%)
- 5-year price change: +$166,450 (+55.1%)
- Typical home value: $468,797 (#22 most expensive city in metro)
- 5-year price change: +$166,450 (+55.1%)
- Typical home value: $468,797 (#22 most expensive city in metro)
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#18. Murray, UT
- 1-year price change: +$6,167 (+1.2%)
- 5-year price change: +$185,352 (+55.1%)
- Typical home value: $521,922 (#16 most expensive city in metro)
- 5-year price change: +$185,352 (+55.1%)
- Typical home value: $521,922 (#16 most expensive city in metro)
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#17. Taylorsville, UT
- 1-year price change: +$6,378 (+1.4%)
- 5-year price change: +$173,061 (+58.2%)
- Typical home value: $470,416 (#21 most expensive city in metro)
- 5-year price change: +$173,061 (+58.2%)
- Typical home value: $470,416 (#21 most expensive city in metro)
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#16. Millcreek, UT
- 1-year price change: +$6,949 (+1.2%)
- 5-year price change: +$202,863 (+52.2%)
- Typical home value: $591,649 (#12 most expensive city in metro)
- 5-year price change: +$202,863 (+52.2%)
- Typical home value: $591,649 (#12 most expensive city in metro)
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#15. Holladay, UT
- 1-year price change: +$7,345 (+1.0%)
- 5-year price change: +$257,434 (+51.1%)
- Typical home value: $761,304 (#3 most expensive city in metro)
- 5-year price change: +$257,434 (+51.1%)
- Typical home value: $761,304 (#3 most expensive city in metro)
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#14. Sandy, UT
- 1-year price change: +$7,850 (+1.3%)
- 5-year price change: +$225,875 (+56.4%)
- Typical home value: $626,338 (#8 most expensive city in metro)
- 5-year price change: +$225,875 (+56.4%)
- Typical home value: $626,338 (#8 most expensive city in metro)
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#13. West Jordan, UT
- 1-year price change: +$8,466 (+1.6%)
- 5-year price change: +$192,765 (+57.7%)
- Typical home value: $526,595 (#15 most expensive city in metro)
- 5-year price change: +$192,765 (+57.7%)
- Typical home value: $526,595 (#15 most expensive city in metro)
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#12. Granite, UT
- 1-year price change: +$8,538 (+0.8%)
- 5-year price change: +$370,853 (+53.5%)
- Typical home value: $1,064,469 (#1 most expensive city in metro)
- 5-year price change: +$370,853 (+53.5%)
- Typical home value: $1,064,469 (#1 most expensive city in metro)
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#11. West Valley City, UT
- 1-year price change: +$10,359 (+2.4%)
- 5-year price change: +$168,316 (+61.1%)
- Typical home value: $443,885 (#23 most expensive city in metro)
- 5-year price change: +$168,316 (+61.1%)
- Typical home value: $443,885 (#23 most expensive city in metro)
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#10. White City, UT
- 1-year price change: +$10,462 (+2.2%)
- 5-year price change: +$180,355 (+61.1%)
- Typical home value: $475,527 (#20 most expensive city in metro)
- 5-year price change: +$180,355 (+61.1%)
- Typical home value: $475,527 (#20 most expensive city in metro)
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#9. Stansbury Park, UT
- 1-year price change: +$12,482 (+2.5%)
- 5-year price change: +$186,790 (+57.5%)
- Typical home value: $511,741 (#17 most expensive city in metro)
- 5-year price change: +$186,790 (+57.5%)
- Typical home value: $511,741 (#17 most expensive city in metro)
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#8. Grantsville, UT
- 1-year price change: +$13,202 (+2.8%)
- 5-year price change: +$181,825 (+59.5%)
- Typical home value: $487,374 (#19 most expensive city in metro)
- 5-year price change: +$181,825 (+59.5%)
- Typical home value: $487,374 (#19 most expensive city in metro)
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#7. Cottonwood Heights, UT
- 1-year price change: +$13,943 (+2.0%)
- 5-year price change: +$256,990 (+56.6%)
- Typical home value: $711,068 (#5 most expensive city in metro)
- 5-year price change: +$256,990 (+56.6%)
- Typical home value: $711,068 (#5 most expensive city in metro)
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#6. Bingham Canyon, UT
- 1-year price change: +$15,193 (+4.0%)
- 5-year price change: +$154,759 (+63.5%)
- Typical home value: $398,649 (#29 most expensive city in metro)
- 5-year price change: +$154,759 (+63.5%)
- Typical home value: $398,649 (#29 most expensive city in metro)
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#5. Tooele, UT
- 1-year price change: +$15,959 (+4.0%)
- 5-year price change: +$163,535 (+64.7%)
- Typical home value: $416,171 (#27 most expensive city in metro)
- 5-year price change: +$163,535 (+64.7%)
- Typical home value: $416,171 (#27 most expensive city in metro)
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#4. Magna, UT
- 1-year price change: +$16,465 (+4.1%)
- 5-year price change: +$164,180 (+65.8%)
- Typical home value: $413,710 (#28 most expensive city in metro)
- 5-year price change: +$164,180 (+65.8%)
- Typical home value: $413,710 (#28 most expensive city in metro)
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#3. Kearns, UT
- 1-year price change: +$16,864 (+4.2%)
- 5-year price change: +$167,219 (+65.9%)
- Typical home value: $420,948 (#26 most expensive city in metro)
- 5-year price change: +$167,219 (+65.9%)
- Typical home value: $420,948 (#26 most expensive city in metro)
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#2. Rush Valley, UT
- 1-year price change: +$20,082 (+3.4%)
- 5-year price change: +$219,437 (+57.0%)
- Typical home value: $604,489 (#9 most expensive city in metro)
- 5-year price change: +$219,437 (+57.0%)
- Typical home value: $604,489 (#9 most expensive city in metro)
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#1. Mount Olympus, UT
- 1-year price change: +$25,380 (+2.7%)
- 5-year price change: +$333,555 (+51.7%)
- Typical home value: $979,067 (#2 most expensive city in metro)
- 5-year price change: +$333,555 (+51.7%)
- Typical home value: $979,067 (#2 most expensive city in metro)
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 380 metros.
