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 7,390, 2,327 total housing units (homes and apartments), and a median house value of $480,221, Roosevelt real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Roosevelt, accounting for 66.60% of the city's housing units. Other types of housing that are prevalent in Roosevelt include duplexes, homes converted to apartments or other small apartment buildings ( 14.61%), mobile homes or trailers ( 7.99%), and a few row houses and other attached homes ( 5.61%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Roosevelt. Owner-occupied housing accounts for 66.31% of Roosevelt's homes, and 57.29% have either three or four bedrooms, which is average sized relative to America.
Roosevelt homes and real estate are some of the newest in America. 40.57% of Roosevelt'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 Roosevelt real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.05%), and between 1940-1969 ( 14.85%). There's also some housing in Roosevelt built before 1939 ( 5.53%).
Roosevelt's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Roosevelt during the period has been just 5.88%, which is lower than 70% of US communities.
Over the last year, Roosevelt appreciation rates have trailed the rest of the nation. In the last twelve months, Roosevelt's appreciation rate has been 1.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Roosevelt were at -1.59%, which equates to an annual appreciation rate of -6.19%.
Notably, Roosevelt's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Utah, our data show that Roosevelt's latest annual appreciation rate is lower than 80% of the other cities and towns in Utah.
$480,221
for Utah
for nation
2,327
$1,445 / per month