Sandy, Utah Housing Market Prices
Sandy 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 14% above the Utah median$567,094
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Median rent 19% above the Utah median$1,782
Housing Market Overview
| Metric | Sandy | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $567,094 | $498,552 | $248,835 |
| Price Trend (Annual %) | 7.4% | 11.3% | 7.5% |
| Median Gross Rent | $1,782 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sandy is about 14% higher than in Utah. Rent is about 19% 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 Sandy, up about 7.4% and 5.7% a year respectively. Home prices are changing faster.
Median rent in Sandy rose about 57.3% between 2015 and 2024, from $1,133 to $1,782. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 5.2 yearly household incomes in Sandy.
Buying the median-priced home in Sandy costs roughly 26.5 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 Sandy. The price-to-rent ratio in Utah is about 27.8.
| Metric | Sandy | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $567,094 | $498,552 | $248,835 |
| Median Household Income | $108,858 | $95,466 | $80,455 |
| Price-to-Income Ratio | 5.2 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sandy rose about 122.6%, while median household income rose about 41.4% 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 | Sandy | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.3% | 64.6% | 58.5% |
| Rental Rate | 25.4% | 27.3% | 31.2% |
| Vacancy Rate | 3.3% | 8.1% | 10.2% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Sandy has a homeownership rate of 71.3%, higher than the Utah average of 64.6%. Its housing vacancy rate is 3.3%, compared with 8.1% in Utah.
Housing Stock
| Metric | Sandy | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.79 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 1986 | 1989 | 1978 |
| Median Number of Rooms | 7.4 | 6.4 | 5.5 |
The typical housing unit in Sandy was built around 1986. On average, 2.8 people live in a home with about 7.4 rooms, staying for about 15.0 years on average.
Sandy, UT Housing Compared With Nearby Cities
How Sandy, UT compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sandy, UT | 91,417 | $567,094 #1/2 | $1,782 #1/2 | 73.8% #1/2 |
| Midvale, UT | 34,643 | $410,494 | $1,584 | 43.1% |
Frequently Asked Questions
Common questions about the housing market in Sandy, Utah.
What is the median home price in Sandy, Utah?
The median home price in Sandy, Utah is $567,094, higher than the Utah average of $498,552.
What is the average home price in Sandy, Utah?
The typical home price in Sandy, Utah, reported as the median sale price, is $567,094. 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 Sandy, Utah?
The median gross rent in Sandy, Utah is $1,782 per month, higher than the Utah average of $1,495.
What was the median gross rent in Sandy in 2020?
In 2020, the median gross rent in Sandy, Utah was $1,365 per month.
What is the price-to-rent ratio in Sandy, Utah?
The price-to-rent ratio in Sandy, Utah is about 26.5, meaning it would take roughly 26.5 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 Sandy.
Are home prices or rent rising faster in Sandy, Utah?
Both home prices and rent are rising in Sandy, up about 7.4% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sandy, Utah?
71.3% of households in Sandy, Utah own their home, higher than the Utah average of 64.6%.
What is the vacancy rate in Sandy, Utah?
The housing vacancy rate in Sandy, Utah is 3.3%, lower than the Utah average of 8.1%.
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