Real Estate Investing in Midvale, Utah (84047)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84047 (Midvale, UT)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
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 26.3 — hard to cash-flow at these prices.
What’s happening in Midvale, UT (84047)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 84047 Midvale
ZIP 84047 inside Salt Lake County looks affordable on the surface — median value of $483K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 84047 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader UT picture, 84047 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 84047 includes headwinds that any investor should price in. Income distribution skews lower than Midvale averages, and tenant stability requires active management.
Distressed ZIPs reward experience. solid returns are possible in 84047, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Midvale:
Property Strategy for 84047
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $251,181 | $1,480 | 4.2% | +6.4% | $251,181 |
| 2BR | $364,480 | $1,780 | 3.5% | +6.9% | $182,240 |
| 3BR | $475,336 | $2,380 | 3.6% | +6.5% | $158,445 |
| 4BR | $532,785 | $2,720 | 3.7% | +6.7% | $133,196 |
| 5BR | $588,255 | — | — | +6.8% | $117,651 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 84047 Compare?
| Metric | 84047 | Midvale | Salt Lake City, UT | Utah |
|---|---|---|---|---|
| Home Value | $483,065 | $483,065 | N/A | $530,173 |
| 5-Year CAGR | 2.9% | 2.9% | N/A | 7.0% |
| Avg Rent | $1,533 | $1,533 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
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 84047 (Midvale, UT). Anonymous, moderated, never written by AI.
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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 | $483,065 |
| Monthly Rent | $1,533 |
| Price-to-Rent | 26.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | -8.7% ▼ |
| 3-Year CAGR | -2.0% ▼ |
| 5-Year CAGR | +1.1% ▲ |
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 84047
Population: 36,573
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 84047
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Granite Connection High
Canyons Transition Academy
Crescent School
Mt. Jordan Middle
Parkside School
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
Frequently Asked Questions
Where do home prices stand in Midvale, UT?
Midvale, UT median home values land near $483K. That is reasonable territory for investors looking at $1,533/mo-per-month rentals.
Is the tenant base reliable in Midvale, UT?
Tenant demand in Midvale, UT is solid. The local workforce $1,533/mo rents across most rental classes.
How landlord-friendly is Midvale, UT?
The landlord environment in Midvale, UT is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is Midvale, UT suited for a house hack?
For house hackers, Midvale, UT is a challenging. The $1,533/mo rent on a unit helps defray the mortgage on a $483K property.
How should investors approach Midvale, UT?
Most investors in Midvale, UT run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 84047 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 84047 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 84047 ranks in Salt Lake City, UT
Every ZIP in this metro, ranked. Free.
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