Holladay, UT Real Estate Market
Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Date(s) & Update Frequency:
- Home Values, Rents: Reflects Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
Holladay, UT Housing Market Trends
With a population of 30,816, 11,727 total housing units (homes and apartments), and a median house value of $955,914, Holladay house prices are not only among the most expensive in Utah, Holladay real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Holladay, accounting for 66.55% of the city's housing units. Other types of housing that are prevalent in Holladay include large apartment complexes or high rise apartments ( 16.80%), row houses and other attached homes ( 12.68%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.56%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Holladay. Owner-occupied housing accounts for 77.70% of Holladay's homes, and 51.47% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Holladay's housing was primarily built during this period, from the '40s through the '60s. A full 49.91% of the city's housing hails from this era. Other housing ages represented in Holladay include homes built between 1970-1999 ( 36.17%) and housing constructed between 2000 and later ( 11.58%). There's also some housing in Holladay built before 1939 ( 2.34%).
Holladay Home Appreciation Rates
In the last 10 years, Holladay has experienced some of the highest home appreciation rates of any community in the nation. Holladay real estate appreciated 136.06% over the last ten years, which is an average annual home appreciation rate of 8.97%, putting Holladay in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Holladay definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Holladay's appreciation rate, at 7.23%, has been at or slightly above the national average. In the latest quarter, Holladay's appreciation rate has been 2.28%, which annualizes to a rate of 9.43%.
Relative to Utah, our data show that Holladay's latest annual appreciation rate is higher than 90% of the other cities and towns in Utah.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Holladay differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Holladay - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Holladay real estate investment or home purchase decisions.
Median Home Value
$955,914
Very High
for Utah
Very High
for nation
Number of Homes And Apartments:
11,727
UT
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$1,958 / per month