Herriman, UT—84096
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Herriman, UT
As of Oct '25, the median home price in Herriman, UT is $600,000, with a year-over-year change of 2.6%. This indicates that home prices in Herriman, 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 | $600,000 | 2.6% |
| Single Family | $634,000 | 2.4% |
| Condos | $459,000 | 4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $402,000 | 0.2% |
3 Bed | $498,000 | 2.5% |
4 Bed | $635,000 | 2.9% |
| 5 Bed | $730,000 | 1.7% |
% of Housing Stock
Rental Trends — Herriman, UT
As of July '25, Rentcast reports the average rent in Herriman, UT is $2,230, with a year-over-year rent change of -0.9%. Per bedroom, the median rent as of July '25 in Herriman, UT is 1-bedrooms: $1,310, 2-bedrooms: $1,690, 3-bedrooms: $2,060, 4-bedrooms: $2,450. The most common rental property sizes in Herriman, UT are 3-bedroom and 2-bedroom, accounting for 44.1% and 39.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,330 | $1,310 |
| 2 Bed Rent | $1,600 | $1,690 |
| 3 Bed Rent | $2,100 | $2,060 |
| 4 Bed Rent | $2,500 | $2,450 |
% of Rental Stock
Property Listings — Herriman, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Herriman, UT is 67. This is a increase of 6.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $634,000 | -1.0% |
Listing Count | 485 | 21.0% |
| Listings as % of Homes | 2.0% | 21.0% |
Days on Market | 67 | 6.0% |
Demographics — Herriman, UT
As of the latest ACS Survey released in 2023, Herriman, UT has a population of 71,100, which has increased by 48.0% over the past 5 years. Herriman, UT is a popular place for families, as children make up 35.6% of the population. The area has a moderately educated workforce, with 40.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 71,100 | 48.0% |
% Under 18 | 35.6% | -14.2% |
% Seniors | 4.6% | 27.8% |
% WFH | 23.0% | 142.1% |
% w/ College Degree | 40.7% | 20.1% |
As of the latest ACS Survey released in 2023, Herriman, UT is a predominantly white area, with 80.8% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Herriman, UT is hispanic, making up 11.2% of the population. Foreign-born residents account for 6.7% of the population in Herriman, UT, and this percentage has increased by 39.6% 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 | 80.8% | -3.6% |
% Black | 0.8% | -42.9% |
% Hispanic | 11.2% | 17.9% |
% Asian | 2.7% | 125.0% |
% Foreign Born | 6.7% | 39.6% |
Mortgage and Risk — Herriman, UT
According to HUD data as of 2023, there were 2328 mortgage originations in Herriman, UT, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Herriman, UT. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 2,328 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Herriman, UT
As of 2024, the percent of homes in Herriman, UT under the Section 8 program is 1.6%. 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. In Herriman, 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 | 72 |
Total Units Section 8 | 72 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $400 | $1,330 | $1,730 |
| 2 Bedroom | $480 | $1,600 | $2,080 |
| 3 Bedroom | $690 | $2,100 | $2,790 |
| 4 Bedroom | $680 | $2,500 | $3,180 |
Affordability — Herriman, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $600,000 |
| Median Household Income | $118,000 |