March 12, 2014

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Article

Best Cities for Homeownership in Utah Revealed

By Rachel Madison

March 12, 2014

Farmington. Farmington has a low crime rate and great school system, which explains the 83.3 percent homeownership rate.

North Ogden. The city has a homeownership rate of 85.4 percent, and homeownership costs are 23.8 percent of household income, the second lowest on NerdWallet’s list.

Roy. Homes in Roy are among the most affordable on NerdWallet’s list, with the median home value at $159,900. The homeownership rate sits at 84.6 percent.

Riverton. The population has grown at a rate of 6.9 percent between 2010 and 2012, and 86.5 percent of its residents are homeowners.

In NerdWallet’s analysis of the best places for homeownership nationally, both Ogden-Clearfield and Provo-Orem were considered the second and third best places to own a home in medium-sized metro areas, respectively. Salt Lake City was considered the third best large metro area for homeownership nationally.

For more information, visit www.nerdwallet.com/blog/2014/best-cities-homeownership-utah.

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