Midvale 84047

Salt Lake City, UT · Salt Lake County, UT · 8,758 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

34affordability /100

Buyer leverage is seller slight; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
40.3%
severe
Days on market
32
daily
Price cuts
26.7%
of active
Valuation
-5.1%
vs assessor
Look up an address
45
/100
Mixed
stable · seller slight · prices rising year-over-year.
Price trend
55
Affordability
25
Valuation
70
Economic health
34

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

69/ 100SellerBalancedBuyer
Negotiate Hard
Needs 25.6% correction for affordability
DOM: 67d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)90
Valuation Gap (25%)10
Supply & Demand (20%)100
Buy vs Rent (15%)100
Cancellation Rate (10%)50
Days on Market (5%)75

Moderate buyer leverage in 84047. Room to negotiate 5-10% below list. Payment burden: 40.4% of median income. A 13% price correction needed to reach 30% affordability threshold. Median days on market: 67. Renting is approximately 125% cheaper than buying (price-to-rent ratio: 27.0).

What to Offer

Offer 5-10% below list. You have room to negotiate.

Conditions resemble 2019 pre-pandemic levels — moderate overvaluation with slowing demand. Negotiation room exists.
STABLESELLER SLIGHT

Market is holding steady with balanced conditions. Sellers hold a slight edge.

Address lookup$99 report path

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Market snapshoteach number, once

Median price
$486,429
▴ 0.9% YoY
Days on market
32
daily · zip_data
Median rent
$1,504
ZORI
Investor score
36/100
cash-flow lens
Active listings
105
90-day

Valuation3 lenses, different anchors

vs assessor
-5.1%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$461,750
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+85.8%
County-wide market — the widest, slowest signal.
Salt Lake+85.8%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$231
Price-to-income6.7×

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How 84047 ranks in UT
percentile vs all Utah ZIPs · n=240
Market velocity78%
Supply tightness43%
Affordability27%
Investment yield58%
Appreciation19%

Affordability, supply & momentum

36SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply12.6 mo
Days on Market32d
Inv vs History+25.7%
Listing Density6.7/1k
Affordability — payment burden
Monthly payment (P&I)$2,457
Payment burden40.3%
Median income · ZIP$73,120
Mortgage rate6.49% · 30yr
Total monthly own$2,944
Monthly rent$1,504
Market dynamics
Price cut %26.7%
Momentumstable
LeverageSELLER SLIGHT
Months of supply12.6
Sales (90d)0
Investment analysis
Median rent$1,504
Price-to-rent27.0
Est. cap rate2.4%
Buy vs rentfavors renting

Livability

Walk score11
Transit score8
Bike score

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Salt Lake County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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