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 38,785, 12,886 total housing units (homes and apartments), and a median house value of $404,441, Roy real estate prices are well above average cost compared to national prices.
Roy is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Roy than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Roy. Owner-occupied housing accounts for 85.37% of Roy's homes, and 62.75% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Roy built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Roy built between 1940-1969 ( 23.79%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.97%). There's also some housing in Roy built before 1939 ( 1.16%).
In the last 10 years, Roy has experienced some of the highest home appreciation rates of any community in the nation. Roy real estate appreciated 151.58% over the last ten years, which is an average annual home appreciation rate of 9.66%, putting Roy in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Roy definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Roy appreciation rates have trailed the rest of the nation. In the last twelve months, Roy's appreciation rate has been 1.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Roy were at 0.24%, which equates to an annual appreciation rate of 0.96%.
Notably, Roy's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Utah, our data show that Roy's latest annual appreciation rate is lower than 80% of the other cities and towns in Utah.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Roy differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Roy - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Roy real estate investment or home purchase decisions.
$404,441
for Utah
for nation
12,886
$2,245 / per month