According to statistics, the population in American Fork, UT amounts to 28,507, which shows growth 1% compared to the previous year. The median age of the city’s residents is 28. The average household income is $70,926, shifting growth 2% from the past year, and the average property value in American Fork, UT growth 6% to $243,700 throughout the year.
|Number Of Employees||12,172|
|Median Property Value||$243,700|
The average household income in American Fork, UT grew from $69,493 to $70,926 in the past year. This data is an estimate based upon 7,931 households in American Fork, UT . The chart below presents how household income is distributed in American Fork, UT in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in American Fork, UT shifted from $230,400 to $243,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in American Fork, UT in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of American Fork, UT properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in American Fork, UT compared to median property taxes around the country. The prevalent amount of property taxes in American Fork, UT equals $1150, which is less than the national average.
During Nov 2022, the average price for an apartment in/near American Fork, UT decreased by 5.9% to $611,146.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $525,000 with no changes this month. Asking price for 2-bed apartment also decreased by 11.8% and a place of this size will now cost you $260,237. A 3-bed apartment goes for $515,395, it increased by 7.5% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 1.9% and made it down to $762,567.
The average cost of an apartment in American Fork, UT rised by 20.9% to $145,000. Price reports demonstrate that house price decreased by 9.5% this month making it up to $691,652. Condos are really in demand in this season. The median price for a condo increased by 3.1%, it’s now available for $480,906. An average value of duplex is $585,000, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $1,049,950.