Herriman, Utah Housing Market Prices
Herriman 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 20% above the Utah median$599,793
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Median rent 29% above the Utah median$1,930
Housing Market Overview
| Metric | Herriman | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $599,793 | $498,552 | $248,835 |
| Price Trend (Annual %) | 334.4% | 11.3% | 7.5% |
| Median Gross Rent | $1,930 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 6.5% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Herriman is about 20% higher than in Utah. Rent is about 29% higher than the Utah average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Herriman, up about 334.4% and 6.5% a year respectively. Home prices are changing faster.
Median rent in Herriman rose about 74.6% between 2015 and 2024, from $1,105 to $1,930. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Herriman.
Buying the median-priced home in Herriman costs roughly 25.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Herriman. The price-to-rent ratio in Utah is about 27.8.
| Metric | Herriman | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $599,793 | $498,552 | $248,835 |
| Median Household Income | $123,331 | $95,466 | $80,455 |
| Price-to-Income Ratio | 4.9 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Herriman rose about 34.8%, while median household income rose about 52.8% 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 | Herriman | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.1% | 64.6% | 58.5% |
| Rental Rate | 20.8% | 27.3% | 31.2% |
| Vacancy Rate | 3.2% | 8.1% | 10.2% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Herriman has a homeownership rate of 76.1%, higher than the Utah average of 64.6%. Its housing vacancy rate is 3.2%, compared with 8.1% in Utah.
Housing Stock
| Metric | Herriman | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.39 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 2011 | 1989 | 1978 |
| Median Number of Rooms | 7.1 | 6.4 | 5.5 |
The typical housing unit in Herriman was built around 2011. On average, 3.4 people live in a home with about 7.1 rooms, staying for about 10.0 years on average.
Herriman, UT Housing Compared With Nearby Cities
Herriman, UT is the smallest of the 4 cities compared here, 42,752 residents against a local median of 80,556. There is no headline here. Every measure below sits within 15% of the median across the nearest cities, which makes Herriman, UT an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is homeownership, 5% below the local median at 78.5% against 82.8%. Herriman, UT has the 3rd highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Herriman, UT | 42,752 | $599,793 #2/4 | $1,930 #3/4 | 78.5% #3/4 |
| Riverton, UT | 45,438 | $712,254 | $2,103 | 85.6% |
| South Jordan, UT | 80,556 | $575,416 | $1,973 | 82.8% |
| West Jordan, UT | 115,866 | $564,466 | $1,778 | 78.5% |
Frequently Asked Questions
Common questions about the housing market in Herriman, Utah.
What is the median home price in Herriman, Utah?
The median home price in Herriman, Utah is $599,793, higher than the Utah average of $498,552.
What is the average home price in Herriman, Utah?
The typical home price in Herriman, Utah, reported as the median sale price, is $599,793. 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 Herriman, Utah?
The median gross rent in Herriman, Utah is $1,930 per month, higher than the Utah average of $1,495.
What was the median gross rent in Herriman in 2020?
In 2020, the median gross rent in Herriman, Utah was $1,371 per month.
What is the price-to-rent ratio in Herriman, Utah?
The price-to-rent ratio in Herriman, Utah is about 25.9, meaning it would take roughly 25.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Herriman.
Are home prices or rent rising faster in Herriman, Utah?
Both home prices and rent are rising in Herriman, up about 334.4% and 6.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Herriman, Utah?
76.1% of households in Herriman, Utah own their home, higher than the Utah average of 64.6%.
What is the vacancy rate in Herriman, Utah?
The housing vacancy rate in Herriman, Utah is 3.2%, lower than the Utah average of 8.1%.
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