South Jordan, UT Real Estate Market

Source & Methodology

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 Q1 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

South Jordan, UT Housing Market Trends

With a population of 77,487, 22,184 total housing units (homes and apartments), and a median house value of $623,119, South Jordan house prices are not only among the most expensive in Utah, South Jordan real estate also is some of the most expensive in all of America.

South Jordan is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in South Jordan than is found in 98% of the communities in America.

The large homes that make up South Jordan are primarily owner-occupied ( 83.16%).

South Jordan homes and real estate are some of the newest in America. 65.80% of South Jordan'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 South Jordan real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.55%), and between 1940-1969 ( 2.20%).

South Jordan Home Appreciation Rates

In the last 10 years, South Jordan has experienced some of the highest home appreciation rates of any community in the nation. South Jordan real estate appreciated 120.88% over the last ten years, which is an average annual home appreciation rate of 8.25%, putting South Jordan in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, South Jordan definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in South Jordan that despite a nationwide downturn in the housing market, South Jordan real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, South Jordan appreciation rates continue to be some of the highest in America, at 19.59%, which is higher than appreciation rates in 76.79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in South Jordan. South Jordan appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.33%.

Notably, South Jordan's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Utah, our data show that South Jordan's latest annual appreciation rate is lower than 80% 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 South Jordan differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South Jordan - 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 South Jordan real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$623,119

South Jordan, UT HOME PRICES

> $1,437,000
$1,078,001 - $1,437,000
$719,001 - $1,078,000
$575,001 - $719,000
$431,001 - $575,000
$288,001 - $431,000
$144,001 - $288,000
$72,001 - $144,000
$0 - $72,000
0.4%
0.4%
3.6%
3.6%
26.4%
26.4%
28.4%
28.4%
26.5%
26.5%
12.1%
12.1%
2.2%
2.2%
0.0%
0.0%
0.4%
0.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for UT

Value Relative To Nation

Number Of Homes And Apartments:
22,184

South Jordan Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
182.93% 4.79%
7
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,408 / per month

Homeownership Rate

Owners
Renters
Vacant
83.2%
83.2%
16.8%
16.8%
3.4%
3.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
65.8%
65.8%
31.5%
31.5%
2.2%
2.2%
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.4%
74.4%
10.9%
10.9%
0.7%
0.7%
13.8%
13.8%
0.2%
0.2%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
6.1%
6.1%
13.0%
13.0%
22.6%
22.6%
20.5%
20.5%
37.0%
37.0%
0.0% 100.0%
% OF HOMES