Sandy, UT—84092
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 $845,000, with a year-over-year change of 2.4%. This indicates that home prices in Sandy, UT are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $845,000 | 2.4% |
| Single Family | $832,000 | 2.5% |
| Condos | $1,089,000 | 4.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $627,000 | 4.8% |
2 Bed | $793,000 | 3.1% |
3 Bed | $717,000 | 3.3% |
4 Bed | $780,000 | 2.6% |
| 5 Bed | $950,000 | 2.4% |
% of Housing Stock
Rental Trends — Sandy, UT
As of July '25, Rentcast reports the average rent in Sandy, UT is $3,250, with a year-over-year rent change of 13.2%. Per bedroom, the median rent as of July '25 in Sandy, UT is 1-bedrooms: $1,180, 2-bedrooms: $1,470, 3-bedrooms: $3,830, 4-bedrooms: $2,950. The most common rental property sizes in Sandy, UT are 2-bedroom and 3-bedroom, accounting for 24.8% and 22.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $3,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $1,180 |
| 2 Bed Rent | $1,400 | $1,470 |
| 3 Bed Rent | $2,200 | $3,830 |
| 4 Bed Rent | $2,900 | $2,950 |
% 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 86. This is a increase of 37.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $980,000 | -11.0% |
Listing Count | 91 | 22.0% |
| Listings as % of Homes | 0.8% | 22.0% |
Days on Market | 86 | 37.0% |
Demographics — Sandy, UT
As of the latest ACS Survey released in 2023, Sandy, UT has a population of 28,200, which has decreased by -4.8% over the past 5 years. Sandy, UT is a popular place for families, as children make up 25.7% of the population. The area has a highly educated workforce, with 53.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,200 | -4.8% |
% Under 18 | 25.7% | -0.8% |
% Seniors | 18.9% | 39.0% |
% WFH | 27.0% | 138.9% |
% w/ College Degree | 53.5% | 4.1% |
As of the latest ACS Survey released in 2023, Sandy, UT is a predominantly white area, with 85.3% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Sandy, UT is hispanic, making up 6.1% of the population. Foreign-born residents account for 6.1% of the population in Sandy, UT, and this percentage has decreased by 6.2% 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 | 85.3% | -4.0% |
% Black | 0.8% | 0.0% |
% Hispanic | 6.1% | 48.8% |
% Asian | 2.8% | -9.7% |
% Foreign Born | 6.1% | -6.2% |
Mortgage and Risk — Sandy, UT
According to HUD data as of 2023, there were 644 mortgage originations in Sandy, UT, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 40.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Sandy, UT. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 644 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Sandy, UT
As of 2024, the percent of homes in Sandy, UT under the Section 8 program is 1.4%. 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 | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,210 | $900 | $2,110 |
| 2 Bedroom | $1,140 | $1,400 | $2,540 |
| 3 Bedroom | $1,210 | $2,200 | $3,410 |
| 4 Bedroom | $980 | $2,900 | $3,880 |
Affordability — Sandy, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $845,000 |
| Median Household Income | $153,000 |