Draper, UT 84020 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Draper, UT—84020

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$788,000

2.2% YoY Growth

Household Income

$131,000

13.0% YoY Growth

Days on Market

1.0% Shorter YoY

Home Price Forecast

1.2%

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 — Draper, UT

As of Dec '25, the median home price in Draper, UT is $788,000, with a year-over-year change of 2.2%. This indicates that home prices in Draper, UT are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$788,000	2.2%
Single Family	$829,000	2.1%
Condos	$574,000	3.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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.

Type	Median Rent	Average 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 Dec '25, Realtor.com reports that the median days on market for a home in Draper, UT is 58. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer 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.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$935,000	-6.0%
Listing Count	153	0.0%
Listings as % of Homes	0.6%	0.0%
Days on Market	75	-1.0%

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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.

Metric	Latest Census	YoY % Change
Population	50,200	5.8%
% 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

Metric	Latest Census	5-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

Metric	Zip 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 Size	HUD Premium	Market Rent	Max 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

Draper, UT—84020

Key Metrics at a Glance

Home Price Trends — Draper, UT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Draper, UT

% of Rental Stock

Property Listings — Draper, UT

Demographics — Draper, UT

Race and Ethnicity

Mortgage and Risk — Draper, UT

Mortgages

Rentals and Section 8 — Draper, UT

Section 8 Market Size

Section 8 Opportunity

Affordability — Draper, UT

Home Price to Income Ratio

Draper, UT — ZIP Code Boundary Map

Nearby ZIP Codes

White City, UT

Riverton, UT

Sandy, UT

Lehi, UT

South Jordan, UT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.8
Median Home Price	$788,000
Median Household Income	$131,000

Draper, UT—84020

Key Metrics at a Glance

Home Price Trends — Draper, UT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Draper, UT

% of Rental Stock

Property Listings — Draper, UT

Demographics — Draper, UT

Race and Ethnicity

Mortgage and Risk — Draper, UT

Mortgages

Rentals and Section 8 — Draper, UT

Section 8 Market Size

Section 8 Opportunity

Affordability — Draper, UT

Home Price to Income Ratio

Draper, UT — ZIP Code Boundary Map

Nearby ZIP Codes

White City, UT

Riverton, UT

Sandy, UT

Lehi, UT

South Jordan, UT

Frequently Asked Questions

What is the average home price in Draper, UT 84020?

How have home prices in Draper, UT 84020 changed over the past year?

What is the home price projection for Draper, UT 84020?

What are the demographics of Draper, UT 84020?

How long does it take homes to sell in Draper, UT 84020?

What is the average rent price in Draper, UT 84020?