Real Estate Investing in Holladay, Utah (84117)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84117 (Holladay, UT)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 37.5 — hard to cash-flow at these prices.
What’s happening in Holladay, UT (84117)?
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Market Analysis: 84117 Holladay
Investors eyeing 84117 need to respect the fundamentals at play. Home values of $704K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 84117 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 84117 among UT's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 84117 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.
Strategically, 84117 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Holladay:
Property Strategy for 84117
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $229,758 | $1,620 | 5.1% | +5.9% | $229,758 |
| 2BR | $365,210 | $1,940 | 3.8% | +5.4% | $182,605 |
| 3BR | $636,779 | $2,590 | 2.9% | +6.8% | $212,260 |
| 4BR | $809,298 | $2,960 | 2.6% | +7.2% | $202,324 |
| 5BR | $1,053,913 | — | — | +7.3% | $210,783 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 84117 Compare?
| Metric | 84117 | Holladay | Salt Lake City, UT | Utah |
|---|---|---|---|---|
| Home Value | $704,203 | $771,439 | N/A | $530,173 |
| 5-Year CAGR | 3.3% | 3.5% | N/A | 7.0% |
| Avg Rent | $1,565 | $1,863 | N/A | - |
| Cap Rate | 1.7% | 1.9% | - | - |
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 84117 (Holladay, 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 | $704,203 |
| Monthly Rent | $1,565 |
| Price-to-Rent | 37.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.7% |
| 5-Year IRR | 5.1% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | -6.1% ▼ |
| 3-Year CAGR | -0.8% ▼ |
| 5-Year CAGR | +0.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.7%). 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 84117
Population: 24,873
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 84117
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Granite Connection High
Parkside School
Liberty School
Longview School
Churchill Jr High
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
How tight is the rental market in Holladay, UT?
Expect elevated vacancy in Holladay, UT. Rents at $1,565/mo are absorbed by the tenant base without meaningful lag.
Where do home prices stand in Holladay, UT?
The median home value in Holladay, UT is roughly $704K. That puts it reasonable relative to the UT statewide average.
Are rents high in Holladay, UT?
Expect rents around $1,565/mo per month in Holladay, UT. With home values at $704K, the yield math works out to reasonable levels for rental investors.
How strict are landlord regulations in Holladay, UT?
Landlord-friendliness in Holladay, UT is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the best play in Holladay, UT?
In Holladay, UT the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $704K prices and $1,565/mo rents suits that approach.
You know 84117 now. You don’t know where it ranks.
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How 84117 ranks in Salt Lake City, UT
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