Sandy, UT—84070
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sandy, UT
As of Oct '25, the median home price in Sandy, UT is $525,000, with a year-over-year change of 2.0%. This indicates that home prices in Sandy, UT are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $525,000 | 2.0% |
| Single Family | $538,000 | 2.1% |
| Condos | $387,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $379,000 | 0.8% |
3 Bed | $496,000 | 2.7% |
4 Bed | $547,000 | 1.9% |
| 5 Bed | $640,000 | 1.7% |
% of Housing Stock
Rental Trends — Sandy, UT
As of July '25, Rentcast reports the average rent in Sandy, UT is $2,010, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Sandy, UT is studios: $1,290, 1-bedrooms: $1,230, 2-bedrooms: $1,650, 3-bedrooms: $2,180, 4-bedrooms: $2,840. The most common rental property sizes in Sandy, UT are 2-bedroom and 1-bedroom, accounting for 36.3% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,010 |
| Studio Rent | $1,200 | $1,290 |
| 1 Bed Rent | $1,340 | $1,230 |
| 2 Bed Rent | $1,550 | $1,650 |
| 3 Bed Rent | $2,300 | $2,180 |
| 4 Bed Rent | $2,850 | $2,840 |
% of Rental Stock
Property Listings — Sandy, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Sandy, UT is 70. This is a increase of 20.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $549,000 | -4.0% |
Listing Count | 61 | -3.0% |
| Listings as % of Homes | 0.5% | -3.0% |
Days on Market | 70 | 20.0% |
Demographics — Sandy, UT
As of the latest ACS Survey released in 2023, Sandy, UT has a population of 30,300, which has increased by 7.0% over the past 5 years. Sandy, UT is a popular place for families, as children make up 28.0% of the population. The area has a moderately educated workforce, with 35.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,300 | 7.0% |
% Under 18 | 28.0% | 10.2% |
% Seniors | 11.2% | -11.8% |
% WFH | 15.5% | 318.9% |
% w/ College Degree | 35.7% | 27.5% |
As of the latest ACS Survey released in 2023, Sandy, UT is a predominantly white area, with 67.5% of the population identifying as white. The white population has shrunk by 13.7% in the last 5 years. The second most common race or ethnicity in Sandy, UT is hispanic, making up 22.8% of the population. Foreign-born residents account for 15.2% of the population in Sandy, UT, and this percentage has increased by 33.3% 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 | 67.5% | -13.7% |
% Black | 1.4% | 133.3% |
% Hispanic | 22.8% | 53.0% |
% Asian | 3.6% | 20.0% |
% Foreign Born | 15.2% | 33.3% |
Mortgage and Risk — Sandy, UT
According to HUD data as of 2023, there were 407 mortgage originations in Sandy, UT, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Sandy, UT. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 407 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Sandy, UT
As of 2024, the percent of homes in Sandy, UT under the Section 8 program is 6.2%. 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 Sandy, 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 | 294 |
Total Units Section 8 | 294 |
% Rentals under Section 8 | 6.2% |
% Occupied Section 8 | 92.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $1,340 | $1,570 |
| 2 Bedroom | $340 | $1,550 | $1,890 |
| 3 Bedroom | $240 | $2,300 | $2,540 |
| 4 Bedroom | $40 | $2,850 | $2,890 |
Affordability — Sandy, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $525,000 |
| Median Household Income | $79,400 |