West Valley City Offers Affordable Homes

West Valley City, near the Salt Lake City area, has some of the most affordable housing in years after the past couple of years of declining home prices. It’s a great time to look into purchasing an existing home, especially as the federal government’s home loan program is soon to phase out.

Homes in the area are going for an average price of around $167,000, a reduction of 12% since 2007. First time home buyers will not only be able to use federal monies to purchase these homes, but they also qualify for the 5% mortgage rates the state of Utah presently has for them. Many families in 2009 qualified for both loans, and West Valley City was third in the state for residents who qualified at 59.

It’s not only pre-existing homes that are being sold. New homes are also being purchased at lower prices, coming in around $200,000 for single family homes.

See also:

Trolley Place
Salt Lake City New Home Builders

About the Author

Mitch writes on real estate, finance, and many other things.