The story of this market
The typical home in Millcreek, Utah sells for about $683,000, or $335 per square foot.
Prices are up +10.2% from a year ago, so sellers still have some momentum. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $1,492 a month.
Monthly price momentum
Home values since 2015
+1.3%
UT · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Millcreek, Utah
Millcreek's housing market is currently very competitive, with median home prices rising 10.2% year-over-year to $683,000. This growth is driven by strong demand, a limited supply of homes, and the city's ongoing transformation through the Millcreek City Center project. While inventory remains tight, the city's high median income and desirable location continue to attract buyers and investors.
No ARED county foreclosure postings attributed to Millcreek yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 1 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 2.4% year over year.
Homes spend a median of 38 days on market with 2.8 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 7.8% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A prestigious private club that serves as a significant landmark and green space, contributing to the area's high property values and desirability.
A popular community park featuring extensive trails and off-leash areas, highly valued by local residents for its recreational utility.
Provides immediate access to the Wasatch Mountains, offering world-class hiking, biking, and outdoor recreation opportunities for residents.
Millcreek is an ideal fit for family buyers and professionals who value a balance between suburban tranquility and urban accessibility. Its strong school system, proximity to outdoor recreation, and ongoing development of a walkable city center make it attractive to both long-term residents and investors.
Schools serving Millcreek are part of the Granite School District, which provides a diverse range of educational options. The area is characterized by stable, well-regarded public schools that benefit from the city's upper-middle-income demographic and strong community support.
The city is well-connected via major highway corridors, providing efficient access to downtown Salt Lake City and the surrounding metro area. Public transit options are integrated into the regional network, facilitating commute patterns for residents.
Millcreek offers an extensive amenity base, including access to the Wasatch Mountains via Parleys Canyon and local favorites like Tanner Park. The city is well-served by a network of trails and parks that cater to outdoor enthusiasts and families, significantly bolstering local property demand.
The rental market in Millcreek is characterized by steady demand and a vacancy rate of approximately 7.5%. While rent prices vary by unit type, the city remains a popular choice for renters seeking proximity to Salt Lake City without the density of the urban core.
Millcreek's economy is supported by a mix of professional services, retail, and proximity to the broader Salt Lake City employment hub. The city's economic momentum is bolstered by the ongoing development of the City Center and a highly educated workforce.
Millcreek is experiencing significant economic momentum driven by the development of the Millcreek City Center, a major mixed-use project designed to create a new urban core. The city benefits from its proximity to major Salt Lake City employers and ongoing infrastructure investments that enhance connectivity.
The primary planning focus is the Millcreek City Center, which is transforming the area into a more walkable, dense urban environment. This project is the centerpiece of the city's long-term development strategy.
Parcels in Millcreek are subject to various special districts, including those for school funding, water, and sewer services managed by local utility providers and the county.
Millcreek reports a violent crime rate of approximately 1.2 per 1,000 residents, which is significantly lower than the national average of 3.6 per 1,000. The city generally maintains a safer profile compared to many surrounding urban areas in the Salt Lake Valley.
The city faces a relatively high climate risk score of 88.08, reflecting regional concerns regarding wildfire exposure and air quality. Residents and property owners should account for these environmental factors in insurance planning and long-term property maintenance.
Property insurance in the area is influenced by regional wildfire and climate risk factors, leading to a competitive but cautious market for homeowners.
Property taxes in Millcreek are administered through Salt Lake County, with rates determined by a combination of municipal, county, and school district levies. The city does not impose a local income tax, and property assessments are conducted by the county assessor's office.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from US Census Bureau and Census Reporter profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.