Cottonwood Heights, UT—84121
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cottonwood Heights, UT
As of Oct '25, the median home price in Cottonwood Heights, UT is $723,000, with a year-over-year change of 2.4%. This indicates that home prices in Cottonwood Heights, UT are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $723,000 | 2.4% |
| Single Family | $748,000 | 2.5% |
| Condos | $532,000 | 5.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $568,000 | 6.2% |
2 Bed | $449,000 | 1.8% |
3 Bed | $638,000 | 3.2% |
4 Bed | $721,000 | 2.4% |
| 5 Bed | $916,000 | 2.3% |
% of Housing Stock
Rental Trends — Cottonwood Heights, UT
As of July '25, Rentcast reports the average rent in Cottonwood Heights, UT is $2,300, with a year-over-year rent change of -7.6%. Per bedroom, the median rent as of July '25 in Cottonwood Heights, UT is 1-bedrooms: $1,230, 2-bedrooms: $1,790, 3-bedrooms: $2,220, 4-bedrooms: $2,750. The most common rental property sizes in Cottonwood Heights, UT are 2-bedroom and 3-bedroom, accounting for 32.8% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,270 | $1,230 |
| 2 Bed Rent | $1,750 | $1,790 |
| 3 Bed Rent | $2,200 | $2,220 |
| 4 Bed Rent | $2,600 | $2,750 |
% of Rental Stock
Property Listings — Cottonwood Heights, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Cottonwood Heights, UT is 55. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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 | $808,000 | 2.0% |
Listing Count | 172 | 9.0% |
| Listings as % of Homes | 0.4% | 9.0% |
Days on Market | 55 | 0.0% |
Demographics — Cottonwood Heights, UT
As of the latest ACS Survey released in 2023, Cottonwood Heights, UT has a population of 39,200, which has decreased by -3.8% over the past 5 years. Cottonwood Heights, UT is a moderately popular place for families, as children make up 20.7% of the population. The area has a highly educated workforce, with 52.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,200 | -3.8% |
% Under 18 | 20.7% | 0.0% |
% Seniors | 19.3% | -0.5% |
% WFH | 23.4% | 151.6% |
% w/ College Degree | 52.3% | 5.4% |
As of the latest ACS Survey released in 2023, Cottonwood Heights, UT is a predominantly white area, with 84.3% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Cottonwood Heights, UT is hispanic, making up 6.8% of the population. Foreign-born residents account for 7.3% of the population in Cottonwood Heights, UT, and this percentage has decreased by 13.1% 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 | 84.3% | -2.9% |
% Black | 0.7% | 40.0% |
% Hispanic | 6.8% | 17.2% |
% Asian | 3.7% | 8.8% |
% Foreign Born | 7.3% | -13.1% |
Mortgage and Risk — Cottonwood Heights, UT
According to HUD data as of 2023, there were 707 mortgage originations in Cottonwood Heights, UT, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Cottonwood Heights, UT. Investor activity is low, as 3.0% 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 | 707 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Cottonwood Heights, UT
As of 2024, the percent of homes in Cottonwood Heights, UT under the Section 8 program is 3.0%. 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 Cottonwood Heights, 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 | 99 |
Total Units Section 8 | 99 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $400 | $1,270 | $1,670 |
| 2 Bedroom | $260 | $1,750 | $2,010 |
| 3 Bedroom | $500 | $2,200 | $2,700 |
| 4 Bedroom | $470 | $2,600 | $3,070 |
Affordability — Cottonwood Heights, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $723,000 |
| Median Household Income | $115,000 |