How much is a home worth in ZIP code 84123?

The typical home in 84123 is worth $539,909, based on the Zillow Home Value Index.

Are home values rising in 84123?

Home values in 84123 are up 1.7% over the past year, and up 4.4% a year over five years.

What is the typical rent in 84123?

A typical home in 84123 rents for about $1,443 a month, a gross rental yield of 3.2%.

What is the property tax rate in 84123?

The effective property tax rate in 84123 is 0.5% — roughly $2,716 a year on a typical home.

ZIP code 84123 has a population of 37,054 and a median household income of $81,271.

HousingHandbookReference data

…

U.S. ZIP Code · UT84123

Salt Lake County · Salt Lake City-Murray, UT

Typical home value

$539,909^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.7%
5-year / yr: +4.4%
10-year / yr: +7.7%

Relative price

vs U.S.: +90.1%
vs metro: -1.2%
vs state: +8.6%

Price history

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

The typical home in 84123 is worth $539,909 — 1.2% below the Salt Lake City-Murray, UT median. Over the past year, values have risen 1.7%. Homes here rent for a typical $1,443 a month — a 3.2% 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: $1,443^[2]
Gross yield: 3.2%^[2]
Cap rate: 1.9%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $2,716^[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: 37,054^[3]
Median household income: $81,271^[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: 9
Elementary: 6
Middle: 2
High: 1

Taylorsville High
High · Grades 9–12 · Granite District
2,694 students
Eisenhower Jr High
Middle · Grades 6–9 · Granite District
1,059 students
Horizon School
Elementary · Grades K–6 · Murray District
614 students
Riverview Jr High
Middle · Grades 7–9 · Murray District
613 students
Plymouth School
Elementary · Grades PK–6 · Granite District
542 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 yield3.2%

Net yield (after ~40% expenses)1.9%

Annual rent$17,315

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$2,730

Loan principal$431,927

Down payment$107,982

Total interest paid$550,899

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 ratio2.36

Monthly cost to own$3,405

Monthly rent$1,443

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: 37th percentile^[1]
Rental yield: 17th percentile^[2]
Property tax: 37th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 84123?: The typical home in 84123 is worth $539,909, based on the Zillow Home Value Index.
Are home values rising in 84123?: Home values in 84123 are up 1.7% over the past year, and up 4.4% a year over five years.
What is the typical rent in 84123?: A typical home in 84123 rents for about $1,443 a month, a gross rental yield of 3.2%.
What is the property tax rate in 84123?: The effective property tax rate in 84123 is 0.5% — roughly $2,716 a year on a typical home.
Who lives in 84123?: ZIP code 84123 has a population of 37,054 and a median household income of $81,271.

#Comparable ZIPs

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

84070 vs 84123 →
Sandy, UT
Typical home
$540,573
Gross yield
3.5%
84029 vs 84123 →
Grantsville, UT
Typical home
$543,973
Gross yield
—
84102
Salt Lake City, UT
Typical home
$546,209
Gross yield
3.5%
84084
West Jordan, UT
Typical home
$521,319
Gross yield
4.1%
84094
Sandy, UT
Typical home
$561,277
Gross yield
4.1%
84107
Murray, UT
Typical home
$506,525
Gross yield
3.2%

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

Compare ZIPs

Pit ZIP 84123 against any other ZIP — full side-by-side table.

Compare 84123 →

#Jump to section

U.S. ZIP Code · UT84123

Get more data on ZIPs like this

Get more data on ZIPs like this