Midvale, UT—84047
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Midvale, UT
As of Oct '25, the median home price in Midvale, UT is $477,000, with a year-over-year change of 1.4%. This indicates that home prices in Midvale, UT are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $477,000 | 1.4% |
| Single Family | $501,000 | 1.4% |
| Condos | $364,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $251,000 | -2.7% |
2 Bed | $364,000 | 1.1% |
3 Bed | $475,000 | 1.1% |
4 Bed | $533,000 | 1.7% |
| 5 Bed | $588,000 | 1.7% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Midvale, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Midvale, UT is 45. This is a decrease of -5.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $484,000 | 2.0% |
Listing Count | 146 | 15.0% |
| Listings as % of Homes | 0.4% | 15.0% |
Days on Market | 45 | -5.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Midvale, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $477,000 |
| Median Household Income | $73,100 |