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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Midvale, UT Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Midvale, UT Housing Market Trends

With a population of 35,637, 14,871 total housing units (homes and apartments), and a median house value of $440,382, Midvale real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Midvale, accounting for 40.82% of the city's housing units. Other types of housing that are prevalent in Midvale include single-family detached homes ( 38.01%), row houses and other attached homes ( 11.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.76%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Midvale primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Midvale has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Midvale built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Midvale built between 2000 and later ( 30.82%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.78%). There's also some housing in Midvale built before 1939 ( 3.66%).

Midvale Home Appreciation Rates

In the last 10 years, Midvale has experienced some of the highest home appreciation rates of any community in the nation. Midvale real estate appreciated 131.44% over the last ten years, which is an average annual home appreciation rate of 8.75%, putting Midvale in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Midvale definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Midvale appreciation rates have trailed the rest of the nation. In the last twelve months, Midvale's appreciation rate has been -1.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Midvale were at -2.42%, which equates to an annual appreciation rate of -9.33%.

Notably, Midvale's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Utah, our data show that Midvale's latest annual appreciation rate is lower than 80% of the other cities and towns in Utah.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Midvale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Midvale - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Midvale real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$440,382

Midvale, UT Home Prices
> $1,293,000
$970,001 - $1,293,000
$647,001 - $970,000
$517,001 - $647,000
$388,001 - $517,000
$258,001 - $388,000
$129,001 - $258,000
$65,001 - $129,000
$0 - $65,000
0.1%
0.1%
0.8%
0.8%
13.2%
13.2%
21.1%
21.1%
32.8%
32.8%
22.3%
22.3%
4.7%
4.7%
1.0%
1.0%
4.0%
4.0%
0% 100.0%
% of Homes
Low

for Utah

High

for nation

Number of Homes And Apartments:

14,871

Midvale Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,847 / per month

Homeownership Rate

Owners
Renters
44.6%
44.6%
55.4%
55.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.9%
5.9%
94.1%
94.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
30.8%
30.8%
41.7%
41.7%
23.8%
23.8%
3.7%
3.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
38.0%
38.0%
11.6%
11.6%
8.8%
8.8%
40.8%
40.8%
0.8%
0.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.8%
4.8%
14.9%
14.9%
32.1%
32.1%
26.6%
26.6%
15.9%
15.9%
5.7%
5.7%
0% 100.0%
% of Homes