How much is a home worth in ZIP code 84116?

The typical home in 84116 is worth $456,272, based on the Zillow Home Value Index.

Are home values rising in 84116?

Home values in 84116 are down 1.4% over the past year, and up 4.0% a year over five years.

What is the typical rent in 84116?

A typical home in 84116 rents for about $1,307 a month, a gross rental yield of 3.4%.

What is the property tax rate in 84116?

The effective property tax rate in 84116 is 0.3% — roughly $1,584 a year on a typical home.

ZIP code 84116 has a population of 38,625 and a median household income of $66,751.

HousingHandbookReference data

…

U.S. ZIP Code · UT84116

Salt Lake County · Salt Lake City-Murray, UT

Typical home value

$456,272^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.4%
5-year / yr: +4.0%
10-year / yr: +8.9%

Relative price

vs U.S.: +60.6%
vs metro: -16.5%
vs state: -8.2%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 84116 is worth $456,272 — 16.5% below the Salt Lake City-Murray, UT median. Over the past year, values have fallen 1.4%. Homes here rent for a typical $1,307 a month — a 3.4% gross rental yield. The effective property tax rate is 0.3%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,307^[2]
Gross yield: 3.4%^[2]
Cap rate: 2.1%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.3%^[3]
Typical annual tax: $1,584^[3]

#Climate risk

FEMA National Risk Index ratings for Salt Lake County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively Moderate
Coastal flood: No Rating
Wildfire: Relatively High
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Not Applicable
Tornado: Relatively Moderate
Earthquake: Relatively High
Winter weather: Very High

#Who lives here

Population: 38,625^[3]
Median household income: $66,751^[3]

#Migration

Household moves in and out of Salt Lake County over a year, from IRS tax-return data.

Net migration: -2,767^[5]
Moved in: 28,050
Moved out: 30,817

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 13
Elementary: 9
Middle: 1
High: 2

Northwest Middle
Middle · Grades 7–8 · Salt Lake District
579 students
Guadalupe School
Elementary · Grades PK–6 · Guadalupe School
396 students
Meadowlark School
Elementary · Grades PK–6 · Salt Lake District
385 students
North Star School
Elementary · Grades PK–6 · Salt Lake District
385 students
Escalante School
Elementary · Grades PK–6 · Salt Lake District
371 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield3.4%

Net yield (after ~40% expenses)2.1%

Annual rent$15,680

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,307

Loan principal$365,018

Down payment$91,254

Total interest paid$465,560

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio2.16

Monthly cost to own$2,820

Monthly rent$1,307

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 18th percentile^[1]
Rental yield: 34th percentile^[2]
Property tax: 0th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

9th for lowest property tax in UTView list →

Frequently asked

How much is a home worth in ZIP code 84116?: The typical home in 84116 is worth $456,272, based on the Zillow Home Value Index.
Are home values rising in 84116?: Home values in 84116 are down 1.4% over the past year, and up 4.0% a year over five years.
What is the typical rent in 84116?: A typical home in 84116 rents for about $1,307 a month, a gross rental yield of 3.4%.
What is the property tax rate in 84116?: The effective property tax rate in 84116 is 0.3% — roughly $1,584 a year on a typical home.
Who lives in 84116?: ZIP code 84116 has a population of 38,625 and a median household income of $66,751.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

84111 vs 84116 →
Salt Lake City, UT
Typical home
$456,503
Gross yield
4.6%
84115 vs 84116 →
South Salt Lake, UT
Typical home
$460,062
Gross yield
4.0%
84118
West Valley City, UT
Typical home
$451,673
Gross yield
6.3%
84044
Magna metro township, UT
Typical home
$448,274
Gross yield
4.6%
84074
Tooele, UT
Typical home
$468,702
Gross yield
4.9%
84120
West Valley City, UT
Typical home
$473,664
Gross yield
4.8%

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Pit ZIP 84116 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · UT84116

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