84087, Woods Cross, UT

The 84087 zip code of Woods Cross, UT has a median home value of $269,000 and a median home equity value of $146,000. The average home size in this zip code is 2,500 square feet. There are approximately 1,200 homes in this zip code and the average price per square foot is $111. This means that the average homeowner in this zip code has over $157,000 worth of equity in their home.

Home prices have been on the rise for most of the country since 2007. In fact, according to Zillow’s Home Price Index (HPI), prices have increased by an average of 3.5% annually over the past five years in 84087. This makes it one of the fastest-growing areas in Utah!

Interestingly enough, there are some areas within this zip code that have seen much slower growth than others. For example, prices have only increased by an annual average of 1% in areas near State Street and University Avenue while prices near I-15 and S 1300 East have seen annual increases averaging 4%. This suggests that location may be more important than anything else when it comes to buying or selling a home!

Given all these factors - including strong demand from buyers and limited inventory - it’s no surprise that home values continue to rise rapidly throughout 84087!