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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 22,537 people, 7,515 houses or apartments, and a median cost of homes of $576,264, real estate costs in North Salt Lake are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Utah communities.
Single-family detached homes are the single most common housing type in North Salt Lake, accounting for 60.13% of the city's housing units. Other types of housing that are prevalent in North Salt Lake include large apartment complexes or high rise apartments ( 22.34%), row houses and other attached homes ( 7.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.21%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Salt Lake. Owner-occupied housing accounts for 70.31% of North Salt Lake's homes, and 53.50% have either three or four bedrooms, which is average sized relative to America.
North Salt Lake homes and real estate are some of the newest in America. 59.37% of North Salt Lake's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the North Salt Lake real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.93%), and between 1940-1969 ( 7.37%). There's also some housing in North Salt Lake built before 1939 ( 1.34%).
Appreciation rates for homes in North Salt Lake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 115.41%, which ranks in the top 30% nationwide. This equates to an annual average North Salt Lake house appreciation rate of 7.98%.
Over the last year, North Salt Lake appreciation rates have trailed the rest of the nation. In the last twelve months, North Salt Lake's appreciation rate has been 2.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Salt Lake were at 0.24%, which equates to an annual appreciation rate of 0.96%.
Notably, North Salt Lake's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Utah, our data show that North Salt Lake's latest annual appreciation rate is lower than 60% of the other cities and towns in Utah.
$576,264
for Utah
for nation
7,515
$2,373 / per month