84013, Cedar Valley, UT

Cedar Valley, UT is located in the Salt Lake City metropolitan area. The 84013 zip code has a population of about 26,000 people. Home prices in the 84013 zip code have increased significantly over the past few years. In March of 2016, the median home price was $269,500. As of September 2017, the median home price was $314,900. This represents an increase of about 37%.

One reason for this increase in home prices is that Cedar Valley is a desirable location. The city has a number of amenities that make it a desirable place to live including excellent schools and recreational opportunities. Additionally, Cedar Valley is close to both downtown Salt Lake City and the ski resorts in Park City.

Another factor contributing to the increase in home prices in Cedar Valley is low interest rates. Since 2007, mortgage rates have been below 4%. This has made it possible for more people to purchase homes than would otherwise be able to do so due to high borrowing costs associated with mortgages.

Despite these positive factors, there are some risks associated with buying a home in Cedar Valley right now. One risk is that interest rates could rise and make homes more expensive than they are currently. Another potential risk is that the market could become saturated and prices could decline as a result.