Real Estate Investing in Murray, Utah (84107)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84107 (Murray, 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 30.0 — hard to cash-flow at these prices.
What’s happening in Murray, UT (84107)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 84107 Murray
ZIP 84107 inside Salt Lake County looks affordable on the surface — median value of $505K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 84107 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 84107's metrics run below Salt Lake County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A resilient renter share of 54% in 84107 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. notable returns are possible in 84107, 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 Murray:
Property Strategy for 84107
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $248,796 | $1,400 | 4.1% | +6.8% | $248,796 |
| 2BR | $343,870 | $1,680 | 3.5% | +7.3% | $171,935 |
| 3BR | $494,411 | $2,240 | 3.3% | +6.6% | $164,804 |
| 4BR | $581,058 | $2,560 | 3.2% | +6.7% | $145,264 |
| 5BR | $684,059 | — | — | +6.9% | $136,812 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 84107 Compare?
| Metric | 84107 | Murray | Salt Lake City, UT | Utah |
|---|---|---|---|---|
| Home Value | $505,217 | $505,217 | N/A | $530,173 |
| 5-Year CAGR | 3.2% | 3.2% | N/A | 7.0% |
| Avg Rent | $1,405 | $1,405 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
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 84107 (Murray, 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 | $505,217 |
| Monthly Rent | $1,405 |
| Price-to-Rent | 30.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 Rent Trends
| 1-Year | -2.3% ▼ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | +1.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). 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 84107
Population: 37,548
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 84107
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
Frequently Asked Questions
What is the average home sale price in Murray, UT?
Expect median prices around $505K in Murray, UT. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
How strong is the working-renter base in Murray, UT?
Tenant demand in Murray, UT is solid. The local workforce $1,405/mo rents across most rental classes.
How landlord-friendly is Murray, UT?
The landlord environment in Murray, UT is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Do landlords face vacancy issues in Murray, UT?
Expect elevated vacancy in Murray, UT. Rents at $1,405/mo are absorbed by the tenant base without meaningful lag.
Are rents high in Murray, UT?
Rents in Murray, UT run near $1,405/mo. Compared with median home prices of $505K that produces solid gross yields for typical rentals.
You know 84107 now. You don’t know where it ranks.
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How 84107 ranks in Salt Lake City, UT
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