HousingHandbookReference data

U.S. ZIP Code · UT84129

Salt Lake County · Salt Lake City-Murray, UT

Typical home value

$496,666[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.6%
5-year / yr
+4.5%
10-year / yr
+8.0%

Relative price

vs U.S.
+74.8%
vs metro
-9.1%
vs state
≈ state median
ZIP 84129 location in UT
Location of ZIP 84129 in UT

Price history

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

The typical home in 84129 is worth $496,666 — 9.1% below the Salt Lake City-Murray, UT median. Over the past year, values have risen 1.6%. Homes here rent for a typical $1,960 a month — a 4.7% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

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

Monthly rent
$1,960[2]
Gross yield
4.7%[2]
Cap rate
2.8%[2]

#Property tax

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

Effective tax rate
0.6%[3]
Typical annual tax
$2,943[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
37,442[3]
Median household income
$95,844[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

Run the numbers

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

Gross yield4.7%
Net yield (after ~40% expenses)2.8%
Annual rent$23,517

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.

Monthly payment$2,511
Loan principal$397,333
Down payment$99,333
Total interest paid$506,776

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.

Own : rent ratio1.62
Monthly cost to own$3,169
Monthly rent$1,960

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
47th percentile[1]
Rental yield
89th percentile[2]
Property tax
97th percentile[3]

Frequently asked

How much is a home worth in ZIP code 84129?
The typical home in 84129 is worth $496,666, based on the Zillow Home Value Index.
Are home values rising in 84129?
Home values in 84129 are up 1.6% over the past year, and up 4.5% a year over five years.
What is the typical rent in 84129?
A typical home in 84129 rents for about $1,960 a month, a gross rental yield of 4.7%.
What is the property tax rate in 84129?
The effective property tax rate in 84129 is 0.6% — roughly $2,943 a year on a typical home.
Who lives in 84129?
ZIP code 84129 has a population of 37,442 and a median household income of $95,844.

#Comparable ZIPs

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

  • Salt Lake City, UT

    Typical home
    $497,289
    Gross yield
    3.9%
  • West Valley City, UT

    Typical home
    $494,530
    Gross yield
    4.1%
  • Midvale, UT

    Typical home
    $486,962
    Gross yield
    3.8%
  • Murray, UT

    Typical home
    $506,525
    Gross yield
    3.2%
  • West Valley City, UT

    Typical home
    $473,664
    Gross yield
    4.8%
  • West Jordan, UT

    Typical home
    $521,319
    Gross yield
    4.1%

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