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 a population of 14,535, 4,068 total housing units (homes and apartments), and a median house value of $688,579, Vineyard house prices are not only among the most expensive in Utah, Vineyard real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Vineyard, accounting for 39.83% of the town's housing units. Other types of housing that are prevalent in Vineyard include single-family detached homes ( 34.57%), row houses and other attached homes ( 19.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.22%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
The most prevalent building size and type in Vineyard are three and four bedroom dwellings. The town has a mixture of owners and renters, with 45.55% owning and 54.45% renting.
Vineyard homes and real estate are some of the newest in America. 97.50% of Vineyard's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Vineyard real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 1.18%), and before 1939 ( 0.67%).
In the last 10 years, Vineyard has experienced some of the highest home appreciation rates of any community in the nation. Vineyard real estate appreciated 138.30% over the last ten years, which is an average annual home appreciation rate of 9.07%, putting Vineyard in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Vineyard definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Vineyard appreciation rates have trailed the rest of the nation. In the last twelve months, Vineyard's appreciation rate has been 1.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Vineyard were at 2.43%, which equates to an annual appreciation rate of 10.09%.
Relative to Utah, our data show that Vineyard's latest annual appreciation rate is lower than 80% of the other cities and towns in Utah.
$688,579
$2,637 / per month