Millcreek 84109

Salt Lake City, UT · Salt Lake County, UT · 19,830 properties · updated 7/26/2026

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

37.2%

severe

Days on market

daily

Price cuts

30.0%

of active

Valuation

-24.7%

vs assessor

Look up an address

/100

Mixed

warming · seller advantage · prices rising year-over-year.

Price trend

Affordability

Valuation

Economic health

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

Negotiate Hard

Needs 19.4% 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: 36.6% 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 4.3% YoY.

Address lookup$99 report path

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<iframe src="https://lotvox.com/embed/zip/84109" width="100%" height="300" style="border:0;border-radius:12px;overflow:hidden;max-width:640px" loading="lazy" title="Millcreek 84109 — Lotvox market card"></iframe>
<p style="font:12px system-ui;margin:4px 0 0"><a href="https://lotvox.com/salt-lake-city/zip/84109?utm_source=embed&utm_medium=backlink">Millcreek 84109 housing market data</a> by <a href="https://lotvox.com/">Lotvox</a></p>

Market snapshoteach number, once

Median price

$820,846

▴ 4.3% YoY

Days on market

daily · zip_data

Median rent

$2,407

ZORI

Investor score

40/100

cash-flow lens

Active listings

90-day

Valuation3 lenses, different anchors

vs assessor

-24.7%

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

+85.0%

County-wide market — the widest, slowest signal.

Salt Lake+85.0%

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%

Appreciation81%

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+15.7%

Listing Density6.2/1k

Affordability — payment burden

Monthly payment (P&I)$4,242

Payment burden37.2%

Median income · ZIP$136,823

Mortgage rate6.71% · 30yr

Total monthly own$5,063

Monthly rent$2,407

Market dynamics

Price cut %30.0%

Momentumwarming

LeverageSELLER ADVANTAGE

Months of supply12.9

Sales (90d)0

Investment analysis

Median rent$2,407

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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Price bandsmix-shift

Price Bands — the median behind the median

A single median rises whenever expensive homes become a bigger share of what sells, even if no tier got more expensive. These are the tiers underneath it, computed from recorded arms-length deed transactions in Salt Lake.

Current tiers · 12 months to Invalid Datefloor 10 sales/tier

7 tiers had too few sales at every level and are left blank rather than estimated.

Tier	Median	$/sqft	Sales	Share	Source
Under $250k	—	—	—	—	fewer than 10 sales at zip, county and metro level
$250k–$500k	—	—	—	—	fewer than 10 sales at zip, county and metro level
$500k–$750k	—	—	—	—	fewer than 10 sales at zip, county and metro level
$750k–$1M	—	—	—	—	fewer than 10 sales at zip, county and metro level
$1M–$1.5M	—	—	—	—	fewer than 10 sales at zip, county and metro level
$1.5M–$2M	—	—	—	—	fewer than 10 sales at zip, county and metro level
$2M+	—	—	—	—	fewer than 10 sales at zip, county and metro level

No mix-shift history for this area. no geography from this ZIP up to metro has 8+ quarters of 10+ recorded arms-length sales across at least 4 price tiers. Trends are drawn only from recorded transactions; the last-sale snapshot above cannot carry a time series, because a property that sold twice keeps only its latest sale — which drags the history upward through the tiers and would invent the very mix shift this section exists to test for.

National context — not local

NAR's aggregate existing-home median for the United States and the West census region. This is the figure the tiers above are a check on. It is national/regional and says nothing about 84109.

United States
West

Copyright, National Association of Realtors. Reprinted with permission. Retrieved from FRED, Federal Reserve Bank of St. Louis. FRED publishes a rolling 13-month window for these series.

Tiers computed from Lotvox parcel and deed substrate through Aug 25 (10 later months withheld as partially loaded). Sample floor 10 sales per tier; below it a figure is drawn from the county or metro and labelled, or left blank. Multi-parcel bulk deeds and duplicate records are excluded.

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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.

ZIP 84109→Salt Lake County, UT

12-Month Direction

-2Stable

Confidence

100%

DeterioratingStableImproving

BuildersLens Market Intelligence

Market Score

37· Weak

Market Score grades housing-market conditions (affordability, valuation, supply). The county Healthy/Moderate/Distressed badge measures economic distress (jobs, debt, poverty) — the two can read differently.

Payment Burden38

37.5%

severe

Source: Lotvox · Updated 2026-05-15

Buy vs Rent0

2.522x

rent advantage

Source: Lotvox · Updated 2026-05-15

Valuation0

+85%

overvalued

Source: Lotvox comps · Updated 2026-05-15

Supply/Demand7

3 mo

balanced

Source: Lotvox MLS · Updated 2026-05-15

Insurance Risk

34/100

moderate

Source: FEMA/NFIP · Updated 2026-04

County distress indicators

ECONOMIC INDICATORS

Economic indicators are mixed relative to comparable U.S. counties.

Unemployment Rate

Near national averages

Source: BLS LAUS · 2026-0667d ago

Poverty Rate

Lower than most U.S. counties

Median Household Income

Higher than most U.S. counties

Cost of Living (RPP)

Near national averages

Home Value (ZHVI)$567,349

County data: BLS, Census ACS, CDC, FBI UCR, Federal Reserve, USDA

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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