Updated 2026 · Based on median market data for Ogden, UT
Home values in Ogden, UT have appreciated at 2.7% per year. Appreciation is modest, meaning total returns will be driven primarily by cash flow rather than equity gains. This is actually preferred by many investors who want predictable, income-based returns.
If Ogden continues appreciating at 2.7% annually, the current median of $350,000 would reach approximately $399,871 in 5 years — an equity gain of $49,871 on a property purchased at the median. With a 20% down payment of $70,000, that represents a 71% return on invested equity from appreciation alone. Combined with 5 years of NOI totaling approximately $57,041, the projected total return is $106,912 — a 153% cumulative return on the initial investment.
Ogden's population growth of 1.2% is moderate and positive, supporting steady but not explosive demand for housing. Markets with this growth profile tend to appreciate consistently without the boom-bust cycles of hyper-growth metros.
Smart investors evaluate both cash flow AND appreciation. In Ogden, the 3.26% cap rate provides modest ongoing cash flow, while 2.7% annual appreciation adds an equity component. Conservative underwriting is essential. Focus on deals where the cash flow stands on its own, and treat any appreciation as a bonus.