Millcreek, UT housing market
Typical home value
$632K
▲ 3.3% 1 yr
Typical rent
$1,514/mo
▲ 2.2% 1 yr
Gross rent yield
2.9%
U.S. 6.3%
5-year home value change
+14%
U.S. +20%
Key takeaways
- 1The typical home in Millcreek is worth $632,014, up 3.3% over the past year and up 14% over five years.
- 2Typical rent is $1,514 a month (+2.2% YoY), a gross rent yield of 2.9% (below the Salt Lake City, UT metro's 3.5%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $3,473/mo, $1,959 more than typical rent.
- 4Zillow forecasts the Salt Lake City, UT metro's home values to change +1.6% over the next 12 months.
Market temperature (Salt Lake City, UT metro)
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 21/100, #524 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Millcreek compares
| Measure | Millcreek | Salt Lake City, UT metro | United States |
|---|---|---|---|
| Typical home value | $632,014 | $558,850 | $366,157 |
| Home value, 1-yr change | +3.3% | +1.1% | +1.2% |
| Typical rent | $1,514 | $1,644 | $1,932 |
| Rent, 1-yr change | +2.2% | +0.7% | +2.7% |
| Gross rent yield | 2.9% | 3.5% | 6.3% |
| Price-to-rent ratio | 34.8 | 28.3 | 15.8 |
| Mortgage P&I, typical home | $3,473 | $3,071 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Millcreek rental, pre-filled.
Rent vs buy in Millcreek
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $632K home.
Other cities in the Salt Lake City, UT metro
Salt Lake City, UT
$569K home$1,571 rent
▲ 2.4% 1 yr
West Valley City, UT
$465K home$1,625 rent
▲ 0.2% 1 yr
West Jordan, UT
$555K home$1,713 rent
▲ 1.0% 1 yr
Sandy, UT
$657K home$1,719 rent
▲ 2.0% 1 yr
South Jordan, UT
$661K home$2,131 rent
▲ 1.1% 1 yr
Taylorsville, UT
$492K home$1,610 rent
▲ 0.6% 1 yr
Draper, UT
$812K home$1,700 rent
▲ 3.1% 1 yr
Murray, UT
$544K home$1,465 rent
▲ 1.4% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.