Real Estate Investing in South Jordan, Utah (84009)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84009 (South Jordan, UT)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 25.8 — hard to cash-flow at these prices.
What’s happening in South Jordan, UT (84009)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 84009 South Jordan
The 84009 ZIP covers a section of South Jordan that demands careful diligence. Prices near $614K look accessible, but the work to make a deal cash flow is real.
Put differently, the numbers look inviting — $614K purchase price, 0.0% nominal cap — the work to hit that pro forma in 84009 is substantial and deserves full respect.
Nearby ZIPs in South Jordan have seen price recovery that 84009 has not matched. Salt Lake County data supports the view that the spread is structural rather than temporary.
The demographic picture in 84009 includes headwinds that any investor should price in. Income distribution skews lower than South Jordan averages, and tenant stability requires active management.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in South Jordan:
Property Strategy for 84009
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $449,317 | $2,280 | 3.7% | +6.0% | $224,658 |
| 3BR | $544,270 | $3,040 | 4.0% | +6.9% | $181,423 |
| 4BR | $625,525 | $3,480 | 4.0% | +7.3% | $156,381 |
| 5BR | $731,288 | — | — | +7.1% | $146,258 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 84009 Compare?
| Metric | 84009 | South Jordan | Salt Lake City, UT | Utah |
|---|---|---|---|---|
| Home Value | $613,917 | $688,892 | N/A | $530,173 |
| 5-Year CAGR | 2.8% | 3.0% | N/A | 7.0% |
| Avg Rent | $1,983 | $2,087 | N/A | - |
| Cap Rate | 2.5% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 84009 (South Jordan, UT). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 84009 (South Jordan, UT)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Salt Lake County
Manage rentals here? List your business →ICO Property Management constructs and oversees luxury Utah apartment communities, crafting enriching lifestyle experiences for residents across 17 locations along the Wasatch Front. summary from their website
Intermountain Association Management (IAMHOA) is a Utah HOA management company providing professional services statewide. summary from their website
Nxt Property Management is Utah's premier third-party multifamily management company. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $613,917 |
| Monthly Rent | $1,983 |
| Price-to-Rent | 25.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | -1.6% ▼ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 84009
Population: 42,091
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 84009
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 6,048 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is South Jordan, UT a good place for real estate investing?
South Jordan, UT rates 3.0/5 for investability. With median values at $614K and rents near $1,983/mo, the market offers reasonable fundamentals for rental investors.
What approach is best for South Jordan, UT real estate?
In South Jordan, UT the durable play is typically careful cash-flow rentals with hands-on management. The combination of $614K prices and $1,983/mo rents suits that approach.
Are homes affordable in South Jordan, UT?
Homes in South Jordan, UT typically sell near $614K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
How quickly do rentals get leased in South Jordan, UT?
Occupancy in South Jordan, UT runs measured with elevated vacancy. Well-priced units at $1,983/mo lease on reasonable timelines.
Is South Jordan, UT a good market for FHA house hackers?
The a challenging house-hack environment in South Jordan, UT reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 84009 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 84009 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 84009 ranks in Salt Lake City, UT
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 84009 (South Jordan)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 84009 (South Jordan, UT).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.