Holladay, Utah Housing Market Prices
Holladay 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.
-
Median home price 11% below the Utah median$443,087
-
Median rent 15% above the Utah median$1,717
Housing Market Overview
| Metric | Holladay | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $443,087 | $498,552 | $248,835 |
| Price Trend (Annual %) | 9.8% | 11.3% | 7.5% |
| Median Gross Rent | $1,717 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 7.2% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Holladay is about 11% lower than in Utah. Rent is about 15% 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 Holladay, up about 9.8% and 7.2% a year respectively. Home prices are changing faster.
Median rent in Holladay rose about 73.6% between 2015 and 2024, from $989 to $1,717. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Holladay.
Buying the median-priced home in Holladay costs roughly 21.5 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 Holladay. The price-to-rent ratio in Utah is about 27.8.
| Metric | Holladay | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $443,087 | $498,552 | $248,835 |
| Median Household Income | $115,140 | $95,466 | $80,455 |
| Price-to-Income Ratio | 3.8 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Holladay rose about 91.4%, while median household income rose about 67.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Holladay | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.5% | 64.6% | 58.5% |
| Rental Rate | 21.9% | 27.3% | 31.2% |
| Vacancy Rate | 5.5% | 8.1% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Holladay has a homeownership rate of 72.5%, higher than the Utah average of 64.6%. Its housing vacancy rate is 5.5%, compared with 8.1% in Utah.
Housing Stock
| Metric | Holladay | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 1971 | 1989 | 1978 |
| Median Number of Rooms | 7.4 | 6.4 | 5.5 |
The typical housing unit in Holladay was built around 1971. On average, 2.6 people live in a home with about 7.4 rooms, staying for about 14.0 years on average.
Holladay, UT Housing Compared With Nearby Cities
How Holladay, UT compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Holladay, UT | 31,175 | $443,087 #2/3 | $1,717 #1/3 | 76.8% #1/3 |
| Millcreek, UT | 54,009 | $693,896 | $1,518 | 61.8% |
| Midvale, UT | 34,643 | $410,494 | $1,584 | 43.1% |
Frequently Asked Questions
Common questions about the housing market in Holladay, Utah.
What is the median home price in Holladay, Utah?
The median home price in Holladay, Utah is $443,087, lower than the Utah average of $498,552.
What is the average home price in Holladay, Utah?
The typical home price in Holladay, Utah, reported as the median sale price, is $443,087. 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 Holladay, Utah?
The median gross rent in Holladay, Utah is $1,717 per month, higher than the Utah average of $1,495.
What was the median gross rent in Holladay in 2020?
In 2020, the median gross rent in Holladay, Utah was $1,266 per month.
What is the price-to-rent ratio in Holladay, Utah?
The price-to-rent ratio in Holladay, Utah is about 21.5, meaning it would take roughly 21.5 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 Holladay.
Are home prices or rent rising faster in Holladay, Utah?
Both home prices and rent are rising in Holladay, up about 9.8% and 7.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Holladay, Utah?
72.5% of households in Holladay, Utah own their home, higher than the Utah average of 64.6%.
What is the vacancy rate in Holladay, Utah?
The housing vacancy rate in Holladay, Utah is 5.5%, lower than the Utah average of 8.1%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →