Cities with the most expensive homes in the Salt Lake City metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.

The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

compiled a list of cities with the most expensive homes in the Salt Lake City metro area using data from . Charts show the monthly typical home value since January 2018. All 28 cities and towns with data available were included in the list.

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#28. Bingham Canyon, UT

- Typical home value: $423,159
- 1-year price change: +0.9%
- 5-year price change: +16.9%

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#27. Tooele, UT

- Typical home value: $430,286
- 1-year price change: -0.3%
- 5-year price change: +13.7%

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#26. Kearns, UT

- Typical home value: $436,749
- 1-year price change: -0.6%
- 5-year price change: +15.4%

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#25. Cottonwood West, UT

- Typical home value: $438,971
- 1-year price change: -2.8%
- 5-year price change: +0.2%

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#24. South Salt Lake, UT

- Typical home value: $438,981
- 1-year price change: +0.5%
- 5-year price change: +8.8%

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#23. Magna, UT

- Typical home value: $439,173
- 1-year price change: +0.0%
- 5-year price change: +20.0%

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#22. West Valley City, UT

- Typical home value: $465,915
- 1-year price change: +0.4%
- 5-year price change: +15.4%

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#21. Midvale, UT

- Typical home value: $485,327
- 1-year price change: +0.5%
- 5-year price change: +11.2%

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#20. Oquirrh, UT

- Typical home value: $489,494
- 1-year price change: +0.2%
- 5-year price change: +12.0%

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#19. Taylorsville, UT

- Typical home value: $492,974
- 1-year price change: +0.9%
- 5-year price change: +14.3%

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#18. White City, UT

- Typical home value: $509,147
- 1-year price change: +2.3%
- 5-year price change: +16.9%

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#17. Stansbury Park, UT

- Typical home value: $511,051
- 1-year price change: -0.2%
- 5-year price change: +11.3%

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#16. Grantsville, UT

- Typical home value: $532,336
- 1-year price change: +0.9%
- 5-year price change: +17.3%

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#15. Murray, UT

- Typical home value: $546,866
- 1-year price change: +1.8%
- 5-year price change: +14.5%

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#14. West Jordan, UT

- Typical home value: $554,733
- 1-year price change: +1.3%
- 5-year price change: +15.4%

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#13. Salt Lake City, UT

- Typical home value: $572,003
- 1-year price change: +2.4%
- 5-year price change: +11.3%

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#12. Herriman, UT

- Typical home value: $601,499
- 1-year price change: +0.8%
- 5-year price change: +11.3%

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#11. Bluffdale, UT

- Typical home value: $611,342
- 1-year price change: -0.6%
- 5-year price change: +8.3%

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#10. Riverton, UT

- Typical home value: $620,009
- 1-year price change: +1.0%
- 5-year price change: +14.0%

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#9. Millcreek, UT

- Typical home value: $633,137
- 1-year price change: +3.4%
- 5-year price change: +14.3%

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#8. Rush Valley, UT

- Typical home value: $648,989
- 1-year price change: +2.5%
- 5-year price change: +22.6%

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#7. Sandy, UT

- Typical home value: $659,401
- 1-year price change: +2.2%
- 5-year price change: +16.3%

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#6. South Jordan, UT

- Typical home value: $661,471
- 1-year price change: +1.4%
- 5-year price change: +11.7%

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#5. Erda, UT

- Typical home value: $739,994
- 1-year price change: +1.2%
- 5-year price change: +15.2%

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#4. Cottonwood Heights, UT

- Typical home value: $778,589
- 1-year price change: +3.3%
- 5-year price change: +18.6%

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#3. Draper, UT

- Typical home value: $811,598
- 1-year price change: +2.9%
- 5-year price change: +14.9%

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#2. Holladay, UT

- Typical home value: $846,093
- 1-year price change: +5.2%
- 5-year price change: +16.5%

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#1. Mount Olympus, UT

- Typical home value: $1,131,609
- 1-year price change: +7.4%
- 5-year price change: +22.7%

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