Over the past few years, West Jordan Utah has become as much of a hub for young professionals as it has families. And it’s not hard to see why. It’s convenient, it’s bustling and it has one of the best school systems in Utah. But it’s also expensive. The average median price of a home in West Jordan has been estimated to be just shy of $370,000—and that’s an increase of over 5 percent compared to prices in 2019!
At those prices, you may be considering selling your house if you live here. We can’t blame you. Houses in West Jordan are considerably higher than the Utah average of approximately $355,000. But should you continue living in West Jordan? Let’s look at some things you may want to take into consideration before you place your home for sale in West Jordan.
1. Climate of West Jordan
Because West Jordan has an elevation of approximately 4,300 feet, the weather’s just slightly below the national average. In fact, the average snow accumulation for the month of January can be as much as 14 inches; great news if you’re a skier, but not so great if you’re a homeowner who dreads the inevitable task of shoveling out your driveway on a weekly basis!
2. Job Opportunities
Utah’s unemployment rate soared in March to a whopping 3.6 percent in contrast to the 2.5 percent reported in February. And compared to the national average of 4.4 percent, that’s not too bad. But while the current Coronavirus pandemic has affected virtually all segments of the workforce, West Jordan still enjoys a comparatively stable economy. The trade and utility sector represents some 7,358 jobs, followed by professional services at 5,284 and healthcare and education at number three the month of December 2019 with an estimated 4,504 positions.
3. West Jordan Schools
Utah’s renown for its school system and West Jordan is no exception. With over two dozen elementary, middle and high schools in the city as well as close to ten different accredited colleges and universities in the immediate vicinity, it’s no wonder that education continues to be a major draw for both families as well as the local economy.
Transportation’s been a contested issue in West Jordan for several decades now. Due to a rapidly increasing population, a number of long term residents have been concerned that the formerly robust roadway infrastructure is nowhere near equipped to handle the boom. While there’s currently three different freeways and one highway serving the city, as well as reliable public bus service from the Utah Transit Authority, private train service from Amtrak and the South Valley Regional Airport to serve transportation needs, it may not necessarily be enough to handle the dramatic influx of public interest in the city.
5. Health Factors
While West Jordan is currently home to no less than eight different hospitals and healthcare facilities, there’s still some health risks it shares with the rest of the Salt Lake City County region. Both obesity, diabetes and hypertension are slightly higher in the region compared to the rest of Utah, while allergies and asthma tend to be higher in West Jordan specifically due to the increased elevation.
Utah may have a considerably smaller crime rate index compared to the national average, but no city is immune from the threat of violent crime. And unfortunately the city of West Jordan has a crime rate higher than the rest of Utah, with the chances of facing a violent crime being 1 in 389 residents (compared to the state average of 1 crime per every 429 citizens.) In fact, the crime index for West Jordan in 2018 was reportedly 203, dipping only moderately below the national average of 274.
7. Poverty Level
While only 7.5 percent of West Jordan’s residents live below the poverty line in comparison to the national average of 13.1 percent, that’s still over 8,000 residents in a city of only 114,000 people The largest demographic as of 2019 were women between the ages of 25 – 34, followed by women aged 35 – 44 and finally males between the ages of 6 – 11.
8. Religious Affiliations
Similar to much of Utah, the Church of Jesus Christ of Latter Day Saints holds a substantial pool of adherents with an estimated 61 percent of residents identifying as LDS in 2018. But there’s also a fairly significant Catholic population of approximately 9 percent of faith-identified residents, as well as a fairly significant population of Pentecostal adherents, Lutherans, Muslims and non-denominational Christians.
9. Household Income
West Jordan reported a one year growth of 3.71 percent from $69,503 to $72,083 in total household income between 2016 and 2017; more than 15 percent higher than the reported national average of $61,937 and almost 10 percent higher than the state average of $68,358. It’s been estimated that some 74 percent of West Jordan’s 114,000 residents are homeowners, making for a cost of living index of 92 in comparison to the national average of 100.
Should You Place Your Home For Sale In West Jordan?
In terms of square footage costs compared to other parts of the Salt Lake City metro area, the West Jordan market can be relatively more affordable, with an estimated $200 median price per square foot compared to Salt Lake City County’s average of $214. But the average house listed can sit on the market for well over 30 days before selling—not taking into account the estimated 90 days to finalize the closing process with lenders. That’s hardly an accommodating time frame if you’re looking to take a job offer in a different community.
What’s worse is that forecasts are predicting a downturn in the West Jordan market over the next two years, with some analysts predicting a year by year drop of over 2 percent. And while that may not seem significant at first glance, that’s approximately $7,400—given the median home price of $370,000.
But maybe you’re simply not looking to move from West Jordan altogether. Maybe you’re simply looking to downsize. Or need additional capital due to an emergency. We have an ideal solution for you. Our “Sell Now, Move Later” program is designed for West Jordan home owners and other Utah residents who are looking to sell their homes quickly but haven’t yet decided whether or not they need to move. We’ll purchase your home in as little as 3 – 5 business days for cash, and in “as-is” condition. You can stay as long as you need in your home. We’ll even give you the option of purchasing your home back from us even if you do decide to stay put!