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 8,262 people, 3,242 houses or apartments, and a median cost of homes of $287,777, Price real estate values are some of the lowest in Utah, although compared to real estate around the nation, Price homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Price, accounting for 68.66% of the city's housing units. Other types of housing that are prevalent in Price include duplexes, homes converted to apartments or other small apartment buildings ( 13.41%), large apartment complexes or high rise apartments ( 13.32%), and a few mobile homes or trailers ( 4.31%).
The most prevalent building size and type in Price are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.01% owning and 42.99% renting.
There is a lot of housing in Price built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Price built between 1940-1969 ( 24.13%). A lesser amount of the housing stock also hails from before 1939 ( 14.10%). There's also some housing in Price built between 2000 and later ( 10.67%).
Vacant housing appears to be an issue in Price. Fully 10.39% of the housing stock is classified as vacant. Left unchecked, vacant Price homes and apartments can be a drag on the real estate market, holding Price real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Price have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.76%, which ranks in the top 30% nationwide. This equates to an annual average Price house appreciation rate of 7.43%.
NeighborhoodScout's data show that during the latest twelve months, Price's appreciation rate, at 6.28%, has been at or slightly above the national average. In the latest quarter, Price's appreciation rate has been 0.63%, which annualizes to a rate of 2.55%.
Relative to Utah, our data show that Price's latest annual appreciation rate is higher than 70% of the other cities and towns in Utah.
$287,777
for Utah
for nation
3,242
$1,230 / per month