There are currently 744 real estate properties in Cottonwood Heights, UT, with a median automated valuation model (AVM) price of $823,160.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cottonwood Heights, UT, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cottonwood Heights, UT, is $1,050,839.00, with the most expensive house in Cottonwood Heights, UT, topping out at $6,057,415.00 and the cheapest home in Cottonwood Heights, UT, clocking in at $149,940.00. In other words, there’s something for every potential homebuyer or savvy investor in Cottonwood Heights, UT!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cottonwood Heights, UT, is on a rollercoaster ride. The average rent price in Cottonwood Heights, UT, is $2,322.00. Indeed, when looking to rent in Cottonwood Heights, UT, you can expect to pay as little as $820.00 or as much as $5,500.00, with the average rent median estimated to be $2,240.00. The good news is that finding an affordable and desirable property to rent in Cottonwood Heights, UT -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Cottonwood Heights is located in Salt Lake, Utah, with an estimated municipal population of 33,843 residents. All of the best foreclosed homes for sale in Cottonwood Heights are located in the following zip code areas on Foreclosure.com: 84093 84121 84171. The estimated population per square kilometer (.62 miles) in Cottonwood Heights is 1,417.
So, about how much do homes cost in Cottonwood Heights? The most recent median value of resident-owned homes in Cottonwood Heights is 383,037. An estimated 73 percent of households in Cottonwood Heights own their homes, with an average family size of 3.19. The median household income in Cottonwood Heights is 93,564, with46.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cottonwood Heights, the median commute time of resident workers (in minutes) is 22.6. And last, but certainly not least, are you looking for homes to rent in Cottonwood Heights? If so, the average rent price paid by renters in Cottonwood Heights is 1,230, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Cottonwood Heights, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Cottonwood Heights is 39.1, split between 49.2 percent male versus 50.8 female. The percentage of residents who report being married in Cottonwood Heights is 56, with an average family size of 3.19.
The percentage of residents who report their race in Cottonwood Heights is as follows:
| White | 91.9% |
| Black / African American | 0.3% |
| Asian | 2.8% |
| American Indian / Alaskan Native | 0.3% |
| Native Hawaiian / Other Pacifc Islander | 0.9% |
| Multi-racial | 2.8% |
| Other | 0.9% |
Looking for family-friendly neighborhoods in and/or near Cottonwood Heights? Or maybe you are searching for 55+ active adult communities in and/or near Cottonwood Heights?
The percentage of residents who report their age in Cottonwood Heights is as follows:
| Under 10 | 12% |
| Aged 10-19 | 11.4% |
| 20s | 13% |
| 30s | 14.8% |
| 40s | 12.4% |
| 50s | 14.4% |
| 60s | 10.9% |
| 70s | 7.9% |
| 80+ | 3.3% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Cottonwood Heights with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cottonwood Heights.
How do you know that living in -- or moving to -- Cottonwood Heights is right where you need to be? Perhaps you grew up in Cottonwood Heights or already live nearby; therefore, the decision to buy a home in Cottonwood Heights is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cottonwood Heights for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Cottonwood Heights:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cottonwood Heights.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cottonwood Heights can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cottonwood Heights, meanwhile, can field multiple offers from more qualified buyers.
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