Grantsville, UT—84029
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grantsville, UT
As of Nov '25, the median home price in Grantsville, UT is $529,000, with a year-over-year change of 3.0%. This indicates that home prices in Grantsville, 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 | $529,000 | 3.0% |
| Single Family | $531,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $506,000 | 3.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Grantsville, UT
As of July '25, Rentcast reports the average rent in Grantsville, UT is $1,850, with a year-over-year rent change of -5.6%. Per bedroom, the median rent as of July '25 in Grantsville, UT is 1-bedrooms: $850, 2-bedrooms: $1,300, 3-bedrooms: $1,710, 4-bedrooms: $2,100. The most common rental property sizes in Grantsville, UT are 3-bedroom and 2-bedroom, accounting for 38.6% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | $1,550 | $1,710 |
| 4 Bed Rent | $2,100 | $2,100 |
% of Rental Stock
Property Listings — Grantsville, UT
As of Nov '25, Realtor.com reports that the median days on market for a home in Grantsville, UT is 75. This is a increase of 5.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $584,000 | -3.0% |
Listing Count | 132 | 8.0% |
| Listings as % of Homes | 2.8% | 8.0% |
Days on Market | 75 | 5.0% |
Demographics — Grantsville, UT
As of the latest ACS Survey released in 2023, Grantsville, UT has a population of 14,200, which has increased by 32.7% over the past 5 years. Grantsville, UT is a popular place for families, as children make up 34.2% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,200 | 32.7% |
% Under 18 | 34.2% | -9.8% |
% Seniors | 8.2% | -6.8% |
% WFH | 17.1% | 101.2% |
% w/ College Degree | 22.9% | -4.6% |
As of the latest ACS Survey released in 2023, Grantsville, UT is a predominantly white area, with 86.3% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Grantsville, UT is hispanic, making up 10.3% of the population. Foreign-born residents account for 3.0% of the population in Grantsville, UT, and this percentage has increased by 57.9% 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 | 86.3% | -3.3% |
% Black | 0.1% | -75.0% |
% Hispanic | 10.3% | 114.6% |
% Asian | 1.0% | -44.4% |
% Foreign Born | 3.0% | 57.9% |
Mortgage and Risk — Grantsville, UT
According to HUD data as of 2023, there were 686 mortgage originations in Grantsville, UT, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Grantsville, UT. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 686 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Rentals and Section 8 — Grantsville, UT
As of 2024, the percent of homes in Grantsville, UT under the Section 8 program is 6.4%. 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 Grantsville, UT, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 30 |
Total Units Section 8 | 30 |
% Rentals under Section 8 | 6.4% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $850 | $780 |
| 2 Bedroom | -$280 | $1,300 | $1,020 |
| 3 Bedroom | -$140 | $1,550 | $1,410 |
| 4 Bedroom | -$380 | $2,100 | $1,720 |
Affordability — Grantsville, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $529,000 |
| Median Household Income | $97,300 |