Ogden, Utah Ranked Top 10 Best Real Estate Markets to Watch for the Next 3-5 Years

Ogden, Utah is Predicted to Become a Top-10 Market

A growing economy, plenty of affordable housing, and breathtaking natural surroundings all make the perfect tinder for a hot real estate market, and that’s exactly what’s happening in Ogden, Utah.

Located about 37 minutes north of Salt Lake City, the city of Ogden offers more than just elevated dining, shopping, and provisions for the day’s ski trip; it’s one of the National Association of REALTORS^® top 10 hottest real estate markets to watch over the next 3-5 years.

Cities were selected based on a few factors including job growth, domestic migration, age structure, retirement friendliness, and affordability. As for Ogden, its proximity to Salt Lake City - a city recognized for possessing one of the country’s most diverse and fastest-growing economies, and various ski areas like Snowbasin, Powder Mountain, and the Nordic Valley - has the attention of home buyers and investors alike.

In the past five years, demand for Ogden real estate has grown like a Sego Lily (the Utah state flower). The average home value in Ogden has risen from $133k in 2015 to $231k in January 2020, with the trend expected to continue well into 2021.

Still, housing prices remain about $180K cheaper than Salt Lake City. Experts say Ogden’s affordability makes it a viable alternative for first-time buyers and those priced out of Salt Lake City, and data from the National Association of REALTORS^® confirms it. The majority of Ogden’s new residents are young buyers, with a median age of 26, coming from Salt Lake City, Provo, and Logan.

Other western cities on the list include places like Colorado Springs, Fort Collins, and Las Vegas. However, with a median home value of recent home purchases around $271k, Ogden remains the most affordable of the western markets, beating Colorado Springs by a margin of $15k and Fort Collins by roughly $129k.

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