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Millcreek city, UT

ZIP 84124 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 84124

Median Home Value
$704,400
Median Rent
$1,335
Affordability Snapshot
$194,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,525/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

44.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 84124 in Millcreek city, UT, a household would need roughly $194,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,525. That is about 65% above the local median household income ($117,500), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
78.6%+20% vs US avg
x
Vacancy Rate
5.2%-49% vs US avg
x
Broadband Access
94.0%+8% vs US avg
x
4+ Bedrooms
22.9%+55% vs US avg
x
Built Pre-1939
2.4%-81% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
15.5%-69% vs US avg
x
Mortgage-Free
37.6%-2% vs US avg
x
$704,400
Home Value
$1,335
Rent
1966
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached74.5%
  • 1-unit attached8.3%
  • 2-9 units8.6%
  • 10+ units8.4%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$704,400
Median rent$1,335
Owner-occupied78.6%
Vacant5.2%
Price-to-income6.0x
Est. income to buy$194,000