Market Snapshot
- Median listing price
- $559K
- Median rent
- $1,550/mo
- Days on market
- 44 days
- Gross rental yield
- 3.33%
- STR vs LTR
- $1,565/mo STR · $1,550/mo LTR
The median listing price in Midvale, UT ZIP 84047 is $559,000 as of June 2026.
The median market rent in Midvale, UT ZIP 84047 is $1,550/month as of June 2026.
The median days on market in Midvale, UT ZIP 84047 is 44 days as of June 2026. The market is currently neutral.
At a median list price of $559,000 and a median rent of $1,550/month, the gross rental yield in Midvale, UT ZIP 84047 is 3.33% as of June 2026.
In Midvale, UT ZIP 84047, median Airbnb revenue is $1,565/month compared to median long-term rent of $1,550/month as of June 2026.
Midvale, UT 84047 Real Estate Market Report
ZIP Code: 84047
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Midvale UT 84047 are averaging approximately 6.38%, reflecting a stable but elevated rate environment compared to earlier 2026 levels.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price is the primary indicator of realized market value and recent transaction activity; however, a current median sold price is not available in the provided metrics, which may reflect limited recent sales in the sample period or data suppression for confidentiality rather than a change in market fundamentals contextual.
- median listing price $559,000 suggests seller expectations around current value and may create pricing friction if realized transaction prices diverge materially from asking levels; monitor actual sale reports to confirm which price point is representative of closed transactions flat.
- median days on market 44 indicates a moderate-to-slower sales velocity compared with historically brisk conditions and may signal increased negotiation time and a longer marketing period for sellers; this liquidity dynamic appears consistent with the market moving toward balance balanced.
- median market rent $1,550 combined with a flat rent year-over-year trend and an interest rate environment averaging 6.38% for 30-year fixed mortgages (noted as moderate interest rate pressure) suggests limited upward pressure from rental fundamentals and ongoing affordability headwinds for buyers, which may keep transaction volume subdued.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Sold at market average
Sold above market average
Below-market acquisition. Investor purchase with value-add potential through renovation.
Sold at market average
Sold below market average
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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