Midvale, UT 84047 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Midvale, UT—84047

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$486,000

1.1% YoY Growth

Household Income

$73,100

29.4% YoY Growth

Days on Market

6.0% Shorter YoY

Home Price Forecast

-0.6%

Median Rent

$1,610

2.3% YoY Growth

1-Bed Rent

$1,160

5.6% YoY Growth

2-Bed Rent

$1,350

1.4% YoY Growth

3-Bed Rent

$2,250

4.5% YoY Growth

Home Price Trends — Midvale, UT

As of May '26, the median home price in Midvale, UT is $486,000, with a year-over-year change of 1.1%. This indicates that home prices in Midvale, UT are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$486,000	1.1%
Single Family	$513,000	0.6%
Condos	$363,000	0.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Midvale, UT

As of July '25, Rentcast reports the average rent in Midvale, UT is $1,800, with a year-over-year rent change of 2.3%. Per bedroom, the median rent as of July '25 in Midvale, UT is studios: $1,120, 1-bedrooms: $1,180, 2-bedrooms: $1,420, 3-bedrooms: $2,330, 4-bedrooms: $2,560. The most common rental property sizes in Midvale, UT are 2-bedroom and 1-bedroom, accounting for 40.0% and 30.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,610	$1,800
Studio Rent	$1,120	$1,120
1 Bed Rent	$1,160	$1,180
2 Bed Rent	$1,350	$1,420
3 Bed Rent	$2,250	$2,330
4 Bed Rent	$2,500	$2,560

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% of Rental Stock

Studio

7.0%

1 Bedroom

30.7%

2 Bedrooms

40.0%

3 Bedrooms

15.4%

4 Bedrooms

5.0%

5+ Bedrooms

1.9%

Property Listings — Midvale, UT

As of May '26, Realtor.com reports that the median days on market for a home in Midvale, UT is 44. This is a decrease of -6.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$475,000	11.0%
Listing Count	143	35.0%
Listings as % of Homes	0.4%	35.0%
Days on Market	44	-6.0%

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Demographics — Midvale, UT

As of the latest ACS Survey released in 2023, Midvale, UT has a population of 36,600, which has increased by 9.1% over the past 5 years. Midvale, UT is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 34.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	36,600	9.1%
% Under 18	20.8%	-21.8%
% Seniors	10.3%	15.7%
% WFH	16.3%	328.9%
% w/ College Degree	34.3%	14.0%

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As of the latest ACS Survey released in 2023, Midvale, UT is a predominantly white area, with 66.1% of the population identifying as white. The white population has grown by 2.8% in the last 5 years. The second most common race or ethnicity in Midvale, UT is hispanic, making up 17.3% of the population. Foreign-born residents account for 12.7% of the population in Midvale, UT, and this percentage has decreased by 15.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	66.1%	2.8%
% Black	2.6%	-18.8%
% Hispanic	17.3%	-26.7%
% Asian	3.8%	-9.5%
% Foreign Born	12.7%	-15.3%

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Mortgage and Risk — Midvale, UT

According to HUD data as of 2023, there were 520 mortgage originations in Midvale, UT, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Midvale, UT. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	520
% Conventional Loans	87.0%
% Government Loans	13.0%
% Investor Loans	4.0%
% Second Loans	1.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Midvale, UT

As of 2024, the percent of homes in Midvale, UT under the Section 8 program is 6.1%. 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 Midvale, 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	671
Total Units Section 8	642
% Rentals under Section 8	6.1%
% Occupied Section 8	92.6%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$270	$1,160	$1,430
2 Bedroom	$370	$1,350	$1,720
3 Bedroom	$60	$2,250	$2,310
4 Bedroom	$130	$2,500	$2,630

Midvale, UT—84047

Key Metrics at a Glance

Home Price Trends — Midvale, UT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Midvale, UT

% of Rental Stock

Property Listings — Midvale, UT

Demographics — Midvale, UT

Race and Ethnicity

Mortgage and Risk — Midvale, UT

Mortgages

Rentals and Section 8 — Midvale, UT

Section 8 Market Size

Section 8 Opportunity

Affordability — Midvale, UT

Home Price to Income Ratio

Midvale, UT — ZIP Code Boundary Map

Nearby ZIP Codes

Sandy, UT

Murray, UT

Taylorsville, UT

White City, UT

Sandy, UT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.5
Median Home Price	$486,000
Median Household Income	$73,100

Midvale, UT—84047

Key Metrics at a Glance

Home Price Trends — Midvale, UT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Midvale, UT

% of Rental Stock

Property Listings — Midvale, UT

Demographics — Midvale, UT

Race and Ethnicity

Mortgage and Risk — Midvale, UT

Mortgages

Rentals and Section 8 — Midvale, UT

Section 8 Market Size

Section 8 Opportunity

Affordability — Midvale, UT

Home Price to Income Ratio

Midvale, UT — ZIP Code Boundary Map

Nearby ZIP Codes

Sandy, UT

Murray, UT

Taylorsville, UT

White City, UT

Sandy, UT

Frequently Asked Questions

What is the average home price in Midvale, UT 84047?

How have home prices in Midvale, UT 84047 changed over the past year?

What is the home price projection for Midvale, UT 84047?

What are the demographics of Midvale, UT 84047?

How long does it take homes to sell in Midvale, UT 84047?

What is the average rent price in Midvale, UT 84047?