Tooele, UT 84074 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Tooele, UT—84074

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$458,000

0.1% YoY Growth

Household Income

$102,000

40.5% YoY Growth

Days on Market

26.0% Longer YoY

Home Price Forecast

0.7%

Median Rent

$1,650

8.6% YoY Growth

1-Bed Rent

$985

1.0% YoY Growth

2-Bed Rent

$1,370

2.8% YoY Growth

3-Bed Rent

$1,980

0.0% YoY Growth

Home Price Trends — Tooele, UT

As of Dec '25, the median home price in Tooele, UT is $458,000, with a year-over-year change of 0.1%. This indicates that home prices in Tooele, UT are flat. 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	$458,000	0.1%
Single Family	$462,000	-0.2%
Condos	$329,000	1.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

1.9%

1 Bedroom

12.7%

2 Bedrooms

32.9%

3 Bedrooms

35.3%

4 Bedrooms

8.3%

5+ Bedrooms

9.0%

Property Listings — Tooele, UT

As of Dec '25, Realtor.com reports that the median days on market for a home in Tooele, UT is 65. This is a increase of 27.0% 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 32.0%, 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	0.0%
Listing Count	339	6.0%
Listings as % of Homes	1.5%	6.0%
Days on Market	75	26.0%

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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%

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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%

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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%

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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

Tooele, UT—84074

Key Metrics at a Glance

Home Price Trends — Tooele, UT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Tooele, UT

% of Rental Stock

Property Listings — Tooele, UT

Demographics — Tooele, UT

Race and Ethnicity

Mortgage and Risk — Tooele, UT

Mortgages

Rentals and Section 8 — Tooele, UT

Section 8 Market Size

Section 8 Opportunity

Affordability — Tooele, UT

Home Price to Income Ratio

Tooele, UT — ZIP Code Boundary Map

Nearby ZIP Codes

Stockton, UT

Bingham Canyon, UT

Magna, UT

Herriman, UT

West Jordan, UT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.4
Median Home Price	$458,000
Median Household Income	$102,000

Tooele, UT—84074

Key Metrics at a Glance

Home Price Trends — Tooele, UT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Tooele, UT

% of Rental Stock

Property Listings — Tooele, UT

Demographics — Tooele, UT

Race and Ethnicity

Mortgage and Risk — Tooele, UT

Mortgages

Rentals and Section 8 — Tooele, UT

Section 8 Market Size

Section 8 Opportunity

Affordability — Tooele, UT

Home Price to Income Ratio

Tooele, UT — ZIP Code Boundary Map

Nearby ZIP Codes

Stockton, UT

Bingham Canyon, UT

Magna, UT

Herriman, UT

West Jordan, UT

Frequently Asked Questions

What is the average home price in Tooele, UT 84074?

How have home prices in Tooele, UT 84074 changed over the past year?

What is the home price projection for Tooele, UT 84074?

What are the demographics of Tooele, UT 84074?

How long does it take homes to sell in Tooele, UT 84074?

What is the average rent price in Tooele, UT 84074?