Tooele County with its population of about 31,000 starts 26 freeway miles from Downtown Salt Lake City, and ends at the Eastern Nevada border. Large in total acres, 80% of the population of Tooele County UT can be found in the 3 cities just down the road from Salt Lake. These towns, Stansbury Park, Grantsville and Tooele City account for the bulk of New Homes being built as well as the majority of previously owned homes listed on the MLS in Tooele County. Tooele, Grantsville, and Stansbury Park provide a very rural option for Salt lake commuters, offering large acreage parcels ideal for animals, ranches and ranchettes for horse lovers, and typical quarter acre lot subdivisions closer to town. If value as well as a rural lifestyle is appealing you should consider looking at Tooele homes for sale rather than a Salt Lake House. The median house and condo value in Tooele was $168,500, while in Utah as a whole it is $224,700. It makes sense to shop for a home in Tooele Utah. New Home Construction has declined drastically since 1999, when over 724 New Homes were built. In 2009 New Construction had dwindled to 62 Homes or Condominiums. Listings in Tooele generally number about 500 with distressed homes, IE: Short Sales, Bank Foreclosures, REOs, HUD Homes or Pre Foreclosed Homes make up 25 to 30% of those homes and condos listed on the MLS. Opportunities for commercial development in all areas, necessary to support a growing and dynamic community are worth looking into. If you build office space, shopping developments, storage units or industrial facilities, you are likely to find a need and a location somewhere in Tooele County. If your investment strategy is “buy land in the path of future growth, and hang on”, you will find many large parcels to meet your needs.
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