Real Estate Investing in Holladay, Utah (84124)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84124 (Holladay, 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 32.4 — hard to cash-flow at these prices.
What’s happening in Holladay, UT (84124)?
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Market Analysis: 84124 Holladay
ZIP 84124 inside Salt Lake County looks affordable on the surface — median value of $839K — but the discount exists for reasons that a careful buyer should understand before committing.
The 84124 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 84124 and stronger Holladay ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 84124 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 84124 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 Holladay:
Property Strategy for 84124
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $463,203 | $1,690 | 2.6% | +5.4% | $231,601 |
| 3BR | $654,792 | $2,260 | 2.5% | +6.7% | $218,264 |
| 4BR | $828,001 | $2,580 | 2.2% | +7.3% | $207,000 |
| 5BR | $1,073,980 | — | — | +8.2% | $214,796 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 84124 Compare?
| Metric | 84124 | Holladay | Salt Lake City, UT | Utah |
|---|---|---|---|---|
| Home Value | $838,676 | $771,439 | N/A | $530,173 |
| 5-Year CAGR | 3.7% | 3.5% | N/A | 7.0% |
| Avg Rent | $2,160 | $1,863 | N/A | - |
| Cap Rate | 2.0% | 1.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 84124 (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 | $838,676 |
| Monthly Rent | $2,160 |
| Price-to-Rent | 32.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 Rent Trends
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.0%). 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 84124
Population: 22,992
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 84124
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Cottonwood School
Bonneville Jr High
Wasatch Waldorf Charter School
Olympus 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
Is Holladay, UT good for landlords?
UT ranks as a landlord-friendly state for landlord-tenant law. Holladay generally follows the statewide framework, so landlords face reasonable operating rules.
Do landlords face vacancy issues in Holladay, UT?
Vacancy risk in Holladay, UT is elevated. That supports predictable cash flow for typical rental holds.
What price range are homes in Holladay, UT?
Holladay, UT median home values land near $839K. That is reasonable territory for investors looking at $2,160/mo-per-month rentals.
Does house hacking work in Holladay, UT?
Holladay, UT offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,160/mo rent level.
Is it easy to find good tenants in Holladay, UT?
Expect a solid tenant pool in Holladay, UT. The rental market absorbs $2,160/mo rents without meaningful friction.
You know 84124 now. You don’t know where it ranks.
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How 84124 ranks in Salt Lake City, UT
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