Tooele, UT—84074
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tooele, UT
As of Oct '25, the median home price in Tooele, UT is $463,000, with a year-over-year change of 0.3%. This indicates that home prices in Tooele, UT are flat. 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 | $463,000 | 0.3% |
| Single Family | $467,000 | 0.0% |
| Condos | $332,000 | 1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $330,000 | 0.3% |
3 Bed | $432,000 | 0.0% |
4 Bed | $457,000 | -0.4% |
| 5 Bed | $525,000 | -0.4% |
% of Housing Stock
Rental Trends — Tooele, UT
As of July '25, Rentcast reports the average rent in Tooele, UT is $1,690, with a year-over-year rent change of -8.6%. Per bedroom, the median rent as of July '25 in Tooele, UT is studios: $912, 1-bedrooms: $1,020, 2-bedrooms: $1,380, 3-bedrooms: $2,000, 4-bedrooms: $2,220. The most common rental property sizes in Tooele, UT are 3-bedroom and 2-bedroom, accounting for 35.3% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,690 |
| Studio Rent | $775 | $912 |
| 1 Bed Rent | $985 | $1,020 |
| 2 Bed Rent | $1,370 | $1,380 |
| 3 Bed Rent | $1,980 | $2,000 |
| 4 Bed Rent | $2,270 | $2,220 |
% of Rental Stock
Property Listings — Tooele, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Tooele, UT is 72. This is a increase of 35.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $492,000 | 2.0% |
Listing Count | 390 | 3.0% |
| Listings as % of Homes | 1.5% | 3.0% |
Days on Market | 72 | 35.0% |
Demographics — Tooele, UT
As of the latest ACS Survey released in 2023, Tooele, UT has a population of 57,500, which has increased by 13.0% over the past 5 years. Tooele, UT is a popular place for families, as children make up 31.1% of the population. The area has a poorly educated workforce, with 23.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 57,500 | 13.0% |
% Under 18 | 31.1% | -5.8% |
% Seniors | 8.9% | 0.0% |
% WFH | 13.5% | 221.4% |
% w/ College Degree | 23.9% | 2.6% |
As of the latest ACS Survey released in 2023, Tooele, UT is a predominantly white area, with 78.2% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Tooele, UT is hispanic, making up 14.4% of the population. Foreign-born residents account for 3.2% of the population in Tooele, UT, and this percentage has decreased by 15.8% 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 | 78.2% | -6.6% |
% Black | 1.1% | 120.0% |
% Hispanic | 14.4% | 17.1% |
% Asian | 0.6% | 20.0% |
% Foreign Born | 3.2% | -15.8% |
Mortgage and Risk — Tooele, UT
According to HUD data as of 2023, there were 1894 mortgage originations in Tooele, UT, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Tooele, 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 | 1,894 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Tooele, UT
As of 2024, the percent of homes in Tooele, UT under the Section 8 program is 9.6%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Tooele, UT, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 282 |
Total Units Section 8 | 282 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 84.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $15 | $985 | $1,000 |
| 2 Bedroom | -$60 | $1,370 | $1,310 |
| 3 Bedroom | -$180 | $1,980 | $1,800 |
| 4 Bedroom | -$70 | $2,270 | $2,200 |
Affordability — Tooele, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $463,000 |
| Median Household Income | $102,000 |