Real Estate Investing in Magna, Utah (84044)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84044 (Magna, UT)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Magna, UT (84044)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 84044 Magna
The 84044 ZIP in Magna, UT is a local-operator market. Outside capital chasing a $446K entry has to pair deep knowledge with the discount.
The investment case in 84044 is healthy only for operators who understand what they are buying. A $446K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader UT picture, 84044 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 84044 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 84044 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Magna:
Property Strategy for 84044
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $381,578 | $1,810 | 3.4% | +8.3% | $190,789 |
| 3BR | $434,335 | $2,420 | 4.0% | +8.5% | $144,778 |
| 4BR | $450,181 | $2,760 | 4.4% | +7.9% | $112,545 |
| 5BR | $493,434 | — | — | +7.7% | $98,687 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 84044 Compare?
| Metric | 84044 | Magna | Salt Lake City, UT | Utah |
|---|---|---|---|---|
| Home Value | $445,891 | $445,891 | N/A | $530,173 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 7.0% |
| Avg Rent | $1,664 | $1,664 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 84044 (Magna, UT). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 84044 (Magna, 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 | $445,891 |
| Monthly Rent | $1,664 |
| Price-to-Rent | 22.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +9.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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 84044
Population: 29,488
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 84044
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
What do landlords charge for rent in Magna, UT?
Rent in Magna, UT is around $1,664/mo. The resulting rent-to-value relationship with $446K pricing is reasonable for most investor models.
What is the typical home price in Magna, UT?
Homes in Magna, UT typically sell near $446K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Is Magna, UT a good place for real estate investing?
Yes - Magna, UT a 3.0/5 investability score. With $446K home prices against $1,664/mo monthly rent, the market delivers a reasonable entry point for new investors.
Which real estate strategy fits Magna, UT?
The best-fit strategy in Magna, UT is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Should investors worry about vacancy in Magna, UT?
Magna, UT sees elevated vacancy, which is reasonable relative to the broader UT rental market.
You know 84044 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 84044 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 84044 ranks in Salt Lake City, UT
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 84044 (Magna)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 84044 (Magna, UT).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.