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Draper, UT—84020

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$819,000
1.9% YoY Growth
Household Income
$131,000
13.0% YoY Growth
Days on Market
40
7.0% Shorter YoY
Home Price Forecast
-0.3%
Median Rent
$2,340
5.6% YoY Growth
1-Bed Rent
$1,390
0.0% YoY Growth
2-Bed Rent
$1,860
1.6% YoY Growth
3-Bed Rent
$2,350
6.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Draper, UT

As of May '26, the median home price in Draper, UT is $819,000, with a year-over-year change of 1.9%. This indicates that home prices in Draper, UT are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$819,0001.9%
Single Family $864,0001.8%
Condos $586,0003.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$456,000-0.7%
    3 Bed
    		$588,0000.7%
    4 Bed
    		$821,0002.1%
    5 Bed $1,079,5922.4%
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    % of Housing Stock

    Studio
    1.6%
    1 Bedroom
    6.5%
    2 Bedrooms
    17.2%
    3 Bedrooms
    20.9%
    4 Bedrooms
    20.1%
    5+ Bedrooms
    33.7%

    Rental Trends — Draper, UT

    As of July '25, Rentcast reports the average rent in Draper, UT is $2,540, with a year-over-year rent change of -5.6%. Per bedroom, the median rent as of July '25 in Draper, UT is studios: $1,240, 1-bedrooms: $1,430, 2-bedrooms: $1,860, 3-bedrooms: $2,460, 4-bedrooms: $2,970. The most common rental property sizes in Draper, UT are 2-bedroom and 1-bedroom, accounting for 42.7% and 20.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,340$2,540
    Studio Rent $1,240$1,240
    1 Bed Rent $1,390$1,430
    2 Bed Rent $1,860$1,860
    3 Bed Rent $2,350$2,460
    4 Bed Rent $2,900$2,970
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    % of Rental Stock

    Studio
    4.9%
    1 Bedroom
    20.7%
    2 Bedrooms
    42.7%
    3 Bedrooms
    16.4%
    4 Bedrooms
    12.0%
    5+ Bedrooms
    3.3%

    Property Listings — Draper, UT

    As of May '26, Realtor.com reports that the median days on market for a home in Draper, UT is 40. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 46.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$855,000-10.0%
    Listing Count
    		2072.0%
    Listings as % of Homes0.6%2.0%
    Days on Market
    		40-7.0%
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    Demographics — Draper, UT

    As of the latest ACS Survey released in 2023, Draper, UT has a population of 50,200, which has increased by 5.8% over the past 5 years. Draper, UT is a popular place for families, as children make up 30.1% of the population. The area has a highly educated workforce, with 50.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		50,2005.8%
    % Under 18
    		30.1%-5.3%
    % Seniors
    		10.0%37.0%
    % WFH
    		23.4%107.1%
    % w/ College Degree
    		50.8%1.4%
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    As of the latest ACS Survey released in 2023, Draper, UT is a predominantly white area, with 78.6% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Draper, UT is hispanic, making up 8.1% of the population. Foreign-born residents account for 10.8% of the population in Draper, UT, and this percentage has increased by 44.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		78.6%-7.6%
    % Black
    		1.9%171.4%
    % Hispanic
    		8.1%17.4%
    % Asian
    		5.1%15.9%
    % Foreign Born
    		10.8%44.0%
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    Mortgage and Risk — Draper, UT

    According to HUD data as of 2023, there were 114 mortgage originations in Draper, UT, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 39.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Draper, UT. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		114
    % Conventional Loans
    		95.0%
    % Government Loans
    		5.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Draper, UT

    As of 2024, the percent of homes in Draper, UT under the Section 8 program is 1.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Draper, UT, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		91
    Total Units Section 8
    		91
    % Rentals under Section 8
    		1.6%
    % Occupied Section 8
    		92.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$340$1,390$1,730
    2 Bedroom$220$1,860$2,080
    3 Bedroom$440$2,350$2,790
    4 Bedroom$290$2,900$3,190

    Affordability — Draper, UT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio6
    Median Home Price$819,000
    Median Household Income$131,000

    Draper, UT — ZIP Code Boundary Map

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    Nearby ZIP Codes

    White City, UT

    84094

    Riverton, UT

    84065

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    84070

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    84095

    Frequently Asked Questions