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 11,840, 3,428 total housing units (homes and apartments), and a median house value of $361,031, Tremonton real estate values are some of the lowest in Utah, although compared to real estate around the nation, Tremonton homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Tremonton, accounting for 66.75% of the city's housing units. Other types of housing that are prevalent in Tremonton include duplexes, homes converted to apartments or other small apartment buildings ( 18.10%), mobile homes or trailers ( 8.23%), and a few large apartment complexes or high rise apartments ( 4.25%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tremonton. Owner-occupied housing accounts for 71.38% of Tremonton's homes, and 58.38% have either three or four bedrooms, which is average sized relative to America.
Tremonton homes and real estate are some of the newest in America. 37.61% of Tremonton'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 Tremonton real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.52%), and between 1940-1969 ( 15.43%). There's also some housing in Tremonton built before 1939 ( 10.44%).
In the last 10 years, Tremonton has experienced some of the highest home appreciation rates of any community in the nation. Tremonton real estate appreciated 148.11% over the last ten years, which is an average annual home appreciation rate of 9.51%, putting Tremonton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tremonton 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, Tremonton appreciation rates have trailed the rest of the nation. In the last twelve months, Tremonton's appreciation rate has been 3.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tremonton were at 0.24%, which equates to an annual appreciation rate of 0.96%.
Notably, Tremonton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Utah, our data show that Tremonton's latest annual appreciation rate is lower than 50% of the other cities and towns in Utah.
$361,031
for Utah
for nation
3,428
$1,531 / per month