Millcreek 84109

Salt Lake City, UT · Salt Lake County, UT · 19,830 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

40affordability /100

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

Payment burden
36.7%
severe
Days on market
11
daily
Price cuts
26.0%
of active
Valuation
-25.3%
vs assessor
Look up an address
49
/100
Mixed
warming · seller advantage · prices rising year-over-year.
Price trend
75
Affordability
25
Valuation
50
Economic health
40

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

72/ 100SellerBalancedBuyer
Negotiate Hard
Needs 18.3% correction for affordability
DOM: 49d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)75
Valuation Gap (25%)60
Supply & Demand (20%)100
Buy vs Rent (15%)100
Cancellation Rate (10%)0
Days on Market (5%)60

Moderate buyer leverage in 84109. Room to negotiate 5-10% below list. Payment burden: 36.7% of median income. Median days on market: 49. Renting is approximately 135% cheaper than buying (price-to-rent ratio: 28.2). Market appears 10% overpriced vs. assessed values.

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.
WARMINGSELLER ADVANTAGE

Market is warming with rising prices. Sellers are firmly in control. Prices up 3.3% YoY.

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Market snapshoteach number, once

Median price
$827,638
▴ 3.3% YoY
Days on market
11
daily · zip_data
Median rent
$2,448
ZORI
Investor score
40/100
cash-flow lens
Active listings
55
90-day

Valuation3 lenses, different anchors

vs assessor
-25.3%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$618,100
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$280
Price-to-income6.0×

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How 84109 ranks in UT
percentile vs all Utah ZIPs · n=240
Market velocity93%
Supply tightness68%
Affordability39%
Investment yield54%
Appreciation68%

Affordability, supply & momentum

46SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply12.9 mo
Days on Market11d
Inv vs History+16.0%
Listing Density6.2/1k
Affordability — payment burden
Monthly payment (P&I)$4,181
Payment burden36.7%
Median income · ZIP$136,823
Mortgage rate6.49% · 30yr
Total monthly own$5,008
Monthly rent$2,448
Market dynamics
Price cut %26.0%
Momentumwarming
LeverageSELLER ADVANTAGE
Months of supply12.9
Sales (90d)0
Investment analysis
Median rent$2,448
Price-to-rent28.2
Est. cap rate2.3%
Buy vs rentfavors renting

Livability

Walk score4
Transit score3
Bike score—

Historical trends

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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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Nearby ZIP codes

84112
$612,000
0.0%
Salt Lake City Metro·Overpriced ZIPs·Investor ZIPs·View on Map·Salt Lake County