Midvale, Utah Housing Market Prices
Midvale 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 18% below the Utah median$410,494
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Median rent 6% above the Utah median$1,584
Housing Market Overview
| Metric | Midvale | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $410,494 | $498,552 | $248,835 |
| Price Trend (Annual %) | 8.9% | 11.3% | 7.5% |
| Median Gross Rent | $1,584 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Midvale is about 18% lower than in Utah. Rent is about 6% 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 Midvale, up about 8.9% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Midvale rose about 63.8% between 2015 and 2024, from $967 to $1,584. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 5.5 yearly household incomes in Midvale.
Buying the median-priced home in Midvale costs roughly 21.6 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 Midvale. The price-to-rent ratio in Utah is about 27.8.
| Metric | Midvale | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $410,494 | $498,552 | $248,835 |
| Median Household Income | $74,747 | $95,466 | $80,455 |
| Price-to-Income Ratio | 5.5 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Midvale rose about 115.1%, while median household income rose about 59.6% 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 | Midvale | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 41.2% | 64.6% | 58.5% |
| Rental Rate | 54.3% | 27.3% | 31.2% |
| Vacancy Rate | 4.5% | 8.1% | 10.2% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Midvale has a homeownership rate of 41.2%, lower than the Utah average of 64.6%. Its housing vacancy rate is 4.5%, compared with 8.1% in Utah.
Housing Stock
| Metric | Midvale | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 1989 | 1989 | 1978 |
| Median Number of Rooms | 4.8 | 6.4 | 5.5 |
The typical housing unit in Midvale was built around 1989. On average, 2.3 people live in a home with about 4.8 rooms, staying for about 10.0 years on average.
Midvale, UT Housing Compared With Nearby Cities
How Midvale, UT compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Midvale, UT | 34,643 | $410,494 #2/2 | $1,584 #1/2 | 43.1% #2/2 |
| Taylorsville, UT | 61,499 | $534,801 | $1,495 | 69.5% |
Frequently Asked Questions
Common questions about the housing market in Midvale, Utah.
What is the median home price in Midvale, Utah?
The median home price in Midvale, Utah is $410,494, lower than the Utah average of $498,552.
What is the average home price in Midvale, Utah?
The typical home price in Midvale, Utah, reported as the median sale price, is $410,494. 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 Midvale, Utah?
The median gross rent in Midvale, Utah is $1,584 per month, higher than the Utah average of $1,495.
What was the median gross rent in Midvale in 2020?
In 2020, the median gross rent in Midvale, Utah was $1,173 per month.
What is the price-to-rent ratio in Midvale, Utah?
The price-to-rent ratio in Midvale, Utah is about 21.6, meaning it would take roughly 21.6 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 Midvale.
Are home prices or rent rising faster in Midvale, Utah?
Both home prices and rent are rising in Midvale, up about 8.9% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Midvale, Utah?
41.2% of households in Midvale, Utah own their home, lower than the Utah average of 64.6%.
What is the vacancy rate in Midvale, Utah?
The housing vacancy rate in Midvale, Utah is 4.5%, lower than the Utah average of 8.1%.
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