How much is a home worth in ZIP code 84121?

The typical home in 84121 is worth $751,896, based on the Zillow Home Value Index.

Are home values rising in 84121?

Home values in 84121 are up 2.4% over the past year, and up 4.8% a year over five years.

What is the typical rent in 84121?

A typical home in 84121 rents for about $1,842 a month, a gross rental yield of 2.9%.

What is the property tax rate in 84121?

The effective property tax rate in 84121 is 0.5% — roughly $3,982 a year on a typical home.

ZIP code 84121 has a population of 38,912 and a median household income of $115,515.

HousingHandbookReference data

…

U.S. ZIP Code · UT84121

Salt Lake County · Salt Lake City-Murray, UT

Typical home value

$751,896^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.4%
5-year / yr: +4.8%
10-year / yr: +7.6%

Relative price

vs U.S.: +164.7%
vs metro: +37.7%
vs state: +51.2%

Price history

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

The typical home in 84121 is worth $751,896 — 37.7% above the Salt Lake City-Murray, UT median. Over the past year, values have risen 2.4%. Homes here rent for a typical $1,842 a month — a 2.9% gross rental yield. The effective property tax rate is 0.5%.

#Rent & investment

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

Monthly rent: $1,842^[2]
Gross yield: 2.9%^[2]
Cap rate: 1.8%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $3,982^[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: 38,912^[3]
Median household income: $115,515^[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: 10
Elementary: 6
Middle: 1
High: 3

Brighton High
High · Grades 8–12 · Canyons District
2,393 students
Cottonwood High
High · Grades 9–12 · Granite District
1,495 students
Butler Middle
Middle · Grades 6–8 · Canyons District
904 students
Woodstock School
Elementary · Grades PK–6 · Granite District
633 students
Butler School
Elementary · Grades K–5 · Canyons District
610 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 yield2.9%

Net yield (after ~40% expenses)1.8%

Annual rent$22,099

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$3,802

Loan principal$601,517

Down payment$150,379

Total interest paid$767,202

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 ratio2.59

Monthly cost to own$4,761

Monthly rent$1,842

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: 79th percentile^[1]
Rental yield: 11th percentile^[2]
Property tax: 66th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 84121?: The typical home in 84121 is worth $751,896, based on the Zillow Home Value Index.
Are home values rising in 84121?: Home values in 84121 are up 2.4% over the past year, and up 4.8% a year over five years.
What is the typical rent in 84121?: A typical home in 84121 rents for about $1,842 a month, a gross rental yield of 2.9%.
What is the property tax rate in 84121?: The effective property tax rate in 84121 is 0.5% — roughly $3,982 a year on a typical home.
Who lives in 84121?: ZIP code 84121 has a population of 38,912 and a median household income of $115,515.

#Comparable ZIPs

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

84103 vs 84121 →
Salt Lake City, UT
Typical home
$744,070
Gross yield
2.7%
84095 vs 84121 →
South Jordan, UT
Typical home
$766,320
Gross yield
2.7%
84105
Salt Lake City, UT
Typical home
$731,367
Gross yield
3.3%
84117
Holladay, UT
Typical home
$700,557
Gross yield
2.6%
84093
Sandy, UT
Typical home
$810,818
Gross yield
3.6%
84020
Draper, UT
Typical home
$818,207
Gross yield
2.4%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 84121 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · UT84121

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