10 Utah Property Types Gaining Value The Fastest

Utah’s housing market is on fire right now, and certain property types are skyrocketing in value faster than others. Whether you’re thinking about buying your first home or looking to invest, understanding which properties are gaining the most value can help you make smarter decisions.

I’m going to walk you through the hottest property types in Utah that are seeing incredible growth and why they’re worth your attention.

1. Mountain View Retreats

Imagine waking up every morning to breathtaking mountain peaks right outside your window. Homes along the Wasatch Front with unobstructed mountain views have jumped 15-20% in value compared to similar houses without those views.

Buyers are willing to pay a premium for that daily dose of natural beauty. If you’re house hunting in Utah, a mountain view could be your smartest investment yet.

2. Ski-In/Ski-Out Properties

Picture stepping out your back door and gliding straight onto the slopes without any hassle. Properties in Park City and Deer Valley with direct ski access have seen values soar nearly 25% in just two years.

Remote work has made these homes even more desirable since people can now live where they play. Ski lovers are snapping up these properties faster than fresh powder falls.

3. Tech Corridor Condominiums

Utah’s tech boom has created a gold rush for condos near major companies. Modern units with smart home features in Lehi and Draper are appreciating almost twice as fast as traditional houses in the area.

Tech professionals want short commutes and cutting-edge amenities, making these condos incredibly popular. If you work in tech, living near Silicon Slopes could save you time and grow your wealth simultaneously.

4. Lakefront Properties

Nothing beats having your own private access to Utah’s beautiful lakes for swimming, boating, and fishing. Waterfront homes along Utah Lake, Bear Lake, and even the Great Salt Lake have jumped nearly 30% in value in some areas.

The pandemic renewed everyone’s love for outdoor recreation, making lakefront living more desirable than ever. Bear Lake properties especially have become hot commodities that rarely stay on the market long.

5. Historic Downtown Bungalows

Charm and character never go out of style, especially in neighborhoods like Sugar House and The Avenues. Historic homes in these walkable communities have appreciated 18-22% annually, which is absolutely remarkable.

Their unique architectural details and proximity to local shops and restaurants make them irresistible to buyers. You get the best of both worlds: vintage character with modern urban convenience just steps away.

6. Solar-Powered Smart Homes

Saving money while saving the planet is a winning combination that buyers love. New homes equipped with solar panels and smart technology are commanding 10-15% higher prices than comparable homes without these features.

Lower utility bills and reduced environmental impact make these homes attractive to environmentally conscious buyers. Your monthly savings can add up to thousands of dollars over the years while your home value climbs.

7. Accessory Dwelling Unit Properties

Having an extra living space on your property opens up incredible possibilities for income and family. Properties with legal ADUs or mother-in-law apartments have become much more valuable thanks to recent zoning changes across Utah.

You could rent it out for extra income or house aging parents nearby. Multi-generational living is making a comeback, and these properties offer flexibility that traditional homes simply cannot match.

8. Ranch Properties with Acreage

Space and privacy have become luxury items that more people are willing to pay for. Ranch properties with five or more acres within commuting distance of major cities have seen values absolutely soar in recent years.

Remote work means you don’t have to sacrifice your career for country living anymore. Having room to breathe, grow a garden, or keep animals while staying connected to city amenities is priceless.

9. Golf Course Communities

Imagine waking up to perfectly manicured greens right outside your window. Homes in golf course communities like Thanksgiving Point and Glenmoor have become incredibly valuable, with prices jumping 20-30% each year. Retirees love these neighborhoods because they can enjoy peaceful walks and beautiful scenery every day.

Remote workers have also discovered these areas, finding them perfect for balancing career and leisure. The combination of outdoor recreation and quiet living makes these properties highly desirable. Many families appreciate the safe, well-maintained environment these communities provide.

Buyers are willing to pay premium prices for homes that offer such lifestyle benefits. The steady appreciation makes golf course properties a smart investment for the future.

10. Downtown Luxury Penthouses

High above the bustling streets, luxury penthouses offer a lifestyle that combines excitement and elegance. Downtown Salt Lake City and Park City penthouses have seen values soar 15-25% annually as more people choose urban living. These exclusive units feature spectacular views that stretch across valleys and mountains, making everyday feel special.

Young professionals and empty nesters are flocking to these properties for convenience and culture. Living downtown means restaurants, theaters, and shops are just an elevator ride away. The walkable lifestyle appeals to those who want less time commuting and more time enjoying life.

Smart home technology and top-tier amenities add even more appeal to these already impressive spaces.