Cottonwood Heights, Utah Housing Market Prices
Cottonwood Heights Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 87% below the Utah median$65,000
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Median rent 17% above the Utah median$1,752
Housing Market Overview
| Metric | Cottonwood Heights | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $65,000 | $498,552 | $248,835 |
| Price Trend (Annual %) | -8.9% | 11.3% | 7.5% |
| Median Gross Rent | $1,752 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 6.1% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cottonwood Heights is about 87% lower than in Utah. Rent is about 17% higher than the Utah average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Cottonwood Heights: home prices fell about 8.9% a year while rent rose about 6.1% a year. That is an unusual pattern worth watching.
Median rent in Cottonwood Heights rose about 66.5% between 2015 and 2024, from $1,053 to $1,752. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Cottonwood Heights.
Buying the median-priced home in Cottonwood Heights costs roughly 3.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cottonwood Heights. The price-to-rent ratio in Utah is about 27.8.
| Metric | Cottonwood Heights | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $65,000 | $498,552 | $248,835 |
| Median Household Income | $120,360 | $95,466 | $80,455 |
| Price-to-Income Ratio | 0.5 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cottonwood Heights fell about 70.8%, while median household income rose about 60.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cottonwood Heights | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.5% | 64.6% | 58.5% |
| Rental Rate | 26.8% | 27.3% | 31.2% |
| Vacancy Rate | 3.7% | 8.1% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Cottonwood Heights has a homeownership rate of 69.5%, higher than the Utah average of 64.6%. Its housing vacancy rate is 3.7%, compared with 8.1% in Utah.
Housing Stock
| Metric | Cottonwood Heights | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 1981 | 1989 | 1978 |
| Median Number of Rooms | 7.3 | 6.4 | 5.5 |
The typical housing unit in Cottonwood Heights was built around 1981. On average, 2.6 people live in a home with about 7.3 rooms, staying for about 14.0 years on average.
Cottonwood Heights, UT Housing Compared With Nearby Cities
How Cottonwood Heights, UT compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cottonwood Heights, UT | 32,277 | $65,000 #2/2 | $1,752 #1/2 | 72.2% #1/2 |
| Millcreek, UT | 54,009 | $693,896 | $1,518 | 61.8% |
Frequently Asked Questions
Common questions about the housing market in Cottonwood Heights, Utah.
What is the median home price in Cottonwood Heights, Utah?
The median home price in Cottonwood Heights, Utah is $65,000, lower than the Utah average of $498,552.
What is the average home price in Cottonwood Heights, Utah?
The typical home price in Cottonwood Heights, Utah, reported as the median sale price, is $65,000. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Cottonwood Heights, Utah?
The median gross rent in Cottonwood Heights, Utah is $1,752 per month, higher than the Utah average of $1,495.
What was the median gross rent in Cottonwood Heights in 2020?
In 2020, the median gross rent in Cottonwood Heights, Utah was $1,318 per month.
What is the price-to-rent ratio in Cottonwood Heights, Utah?
The price-to-rent ratio in Cottonwood Heights, Utah is about 3.1, meaning it would take roughly 3.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cottonwood Heights.
Are home prices or rent rising faster in Cottonwood Heights, Utah?
Home prices and rent are moving in opposite directions in Cottonwood Heights: home prices fell about 8.9% a year while rent rose about 6.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Cottonwood Heights, Utah?
69.5% of households in Cottonwood Heights, Utah own their home, higher than the Utah average of 64.6%.
What is the vacancy rate in Cottonwood Heights, Utah?
The housing vacancy rate in Cottonwood Heights, Utah is 3.7%, lower than the Utah average of 8.1%.
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