In Millcreek, a typical home is worth $627,200 and typical rent is $1,492 a month. Compared with all of Salt Lake County, the typical home value is 19% higher and typical rent is 6% lower.
Typical home value from Zillow, September 2021 to September 2026: from $553,748 to $632,014.
Typical rent
$1,514a month
▲ 2.1% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,349 to $1,514.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Millcreek is in Salt Lake County. The FHA loan limit ($637,100 for a one-unit home), the fair market rents and the help on this page are those of all of Salt Lake County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in South Salt Lake, the typical home value is $410,200: 35% less than in Millcreek ($627,200).
2
The typical home in Millcreek is worth $627,200,19% more than in Salt Lake County as a whole ($525,700).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Millcreek
What homes there are in Millcreek, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Millcreek
Salt Lake County
Utah
United States
Kind of home: Millcreek and its comparisons
Measure
Millcreek
Salt Lake County
Utah
United States
Detached house
54%
60%
67%
61%
Attached house
10%
9%
8%
6%
Building of 2 to 4
7%
6%
7%
8%
Apartments (5 or more)
29%
23%
16%
19%
Mobile home
Unreliable estimate
2%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is still the most common home in Millcreek, but it weighs less than in Salt Lake County: 54% against 60%.
Year built
Before 19601960–19791980–19992000–20092010 or later
Millcreek
Salt Lake County
Utah
United States
Year built: Millcreek and its comparisons
Measure
Millcreek
Salt Lake County
Utah
United States
Before 1960
29%
18%
15%
26%
1960–1979
33%
25%
20%
24%
1980–1999
21%
25%
26%
25%
2000–2009
8%
14%
18%
14%
2010 or later
10%
18%
21%
11%
Homes in Millcreek are older: the typical year built is 1973; in Salt Lake County, 1986.
Homes in Millcreek are smaller: 60% have 3 bedrooms or more; in Salt Lake County, 65%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300K7%
$300K–$500K23%
$500K–$750K33%
$750K–$1M19%
$1M or more15%
Value of owner-occupied homes: Millcreek and its comparisons
Measure
Millcreek
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
7%
$300K–$500K
23%
$500K–$750K
33%
$750K–$1M
19%
$1M or more
15%
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$9999%
$1,000–$1,49939%
$1,500–$1,99930%
$2,000–$2,49914%
$2,500–$2,999Unreliable
$3,000 or more4%
Monthly rent with utilities: Millcreek and its comparisons
Measure
Millcreek
Under $500
Unreliable estimate
$500–$999
9%
$1,000–$1,499
39%
$1,500–$1,999
30%
$2,000–$2,499
14%
$2,500–$2,999
Unreliable estimate
$3,000 or more
4%
With a mortgage
$2,234 a month
Salt Lake County: $2,124 a month
Without a mortgage
$646 a month
Salt Lake County: $609 a month
Owners with a mortgage
64%
Salt Lake County: 70%
Owning costs more in Millcreek: with a mortgage, the typical cost is $2,234 a month; in Salt Lake County, $2,124. Without one, $646.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Millcreek+71%
Salt Lake County+72%
Utah+75%
United States+53%
Typical rent
Millcreek+33%
Salt Lake County+42%
Utah+44%
United States+33%
Typical household income
Millcreek+36%
Salt Lake County+30%
Utah+33%
United States+29%
Change since 2015–2019: Millcreek and its comparisons
Measure
Millcreek
Salt Lake County
Utah
United States
Typical home value
+71%
+72%
+75%
+53%
Typical rent
+33%
+42%
+44%
+33%
Typical household income
+36%
+30%
+33%
+29%
From 2015–2019 to 2020–2024, home values in Millcreek rose at about the same pace as in Salt Lake County: 71% against 72%.
Since 2015–2019, the typical rent in Millcreek rose 33%, less than in Salt Lake County (42%).
The typical household income in Millcreek rose 36% over that time; home values changed +71% and rent +33%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Millcreek and its comparisons
Measure
Millcreek
Salt Lake County
Utah
United States
Rental vacancy
9.0%
5.5%
5.5%
5.5%
Homeowner vacancy
Unreliable estimate
0.6%
0.6%
0.9%
More than one person per room
2.8%
3.0%
3.1%
3.4%
People per household
2.42
2.77
2.97
2.53
Drive alone
65%
65%
67%
69%
Carpool
7%
10%
10%
9%
Public transit
2%
2%
2%
3%
Walk or bike
2%
2%
3%
3%
Work from home
23%
20%
18%
15%
Other means
1%
1%
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
Unreliable estimate
20 to 29 minutes
In Millcreek, the rental vacancy rate is 9.0%; in Salt Lake County, 5.5%.
More than one person per room: that is how 2.8% of households in Millcreek live, near the figure in Salt Lake County (3.0%).
On average, a household in Millcreek has 2.42 people, fewer than in Salt Lake County (2.77).
In Millcreek, 23% of workers work from home, more than in Salt Lake County (20%).
Do the math
What would you pay each month for a home in Millcreek?
A typical home costs more than the typical income allows
We start with a typical home in Millcreek, worth $627,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 61% of the typical household income in Millcreek, which is $98,045 a year. For that payment to be 28% of income, a household would need to earn about $214,429 a year.
The calculator's FHA and conventional loan limits are those of all of Salt Lake County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Millcreek. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $21,952 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$5,003
at 7.18% · 30 years
Loan amount
$615,840
Total interest
$886,049
Paid off in
November 2056
Includes $10,592 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,288 a month
Tight
$2,288 to $2,941 a month
Hard
more than $2,941 a month
Your payment · 61%
Compared with the typical household income in Millcreek ($98,045 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$4,172
Property tax
$293
Home insurance
$261
FHA mortgage insurance (MIP)
$277
You need at least $21,952 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $5,003; principal and interest $4,172.
The city and its county
Millcreek and Salt Lake County
Millcreek is in Salt Lake County, Utah. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Millcreek
Map of Salt Lake County, Utah, with Millcreek marked. Around it, the neighboring counties.
Millcreek
Salt Lake County
Other cities with a page
Millcreek's own numbers
Typical home value
$627,200
Typical monthly rent
$1,492
Typical yearly household income
$98,045
Households that own their home
61%
Effective property tax rate
0.56%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Salt Lake County
FHA limit, one-unit home
$637,100
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,615
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
0.6%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Salt Lake County.
A typical home in Millcreek is worth $627,200: 19% above the county and 28% above Utah. With the typical household income in Millcreek ($98,045 a year), a typical home costs 6.4 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Millcreek6.4 years
Salt Lake5.4 years
Utah5.1 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Salt Lake County
According to FHFA’s house price index, home prices in Salt Lake County rose 120% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Salt Lake County.
Yearly change in FHFA’s price index in Salt Lake County, 2016 to 2025
2016: +8.0% +8.0% 2016
2017: +9.2% +9.2% 2017
2018: +9.1% +9.1% 2018
2019: +7.3% +7.3% 2019
2020: +5.5% +5.5% 2020
2021: +18.0% +18.0% 2021
2022: +19.4% +19.4% 2022
2023: +0.5% +0.5% 2023
2024: +4.0% +4.0% 2024
2025: +2.6% +2.6% 2025
Change in FHFA’s price index in Salt Lake County, Utah and the United States
Period
County
Utah
U.S.
Last year (2025)
+2.6%
+2.4%
+2.9%
5 years (2020–2025)
+51%
+53%
+47%
10 years (2015–2025)
+120%
+121%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Millcreek next to Salt Lake County, Utah and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Millcreek$627,200
Salt Lake$525,700
Utah$489,400
United States$332,700
Typical monthly rent
Millcreek$1,492
Salt Lake$1,592
Utah$1,496
United States$1,413
Typical yearly household income
Millcreek$98,045
Salt Lake$97,494
Utah$95,166
United States$80,734
See the full table
Millcreek next to Salt Lake County and Utah
Measure
Millcreek
Salt Lake County
Utah
U.S.
Typical home value
$627,200 ▲19% above the county
$525,700
$489,400
$332,700
Typical monthly rent
$1,492 ▼6% below the county
$1,592
$1,496
$1,413
Typical yearly household income
$98,045
$97,494
$95,166
$80,734
Households that own their home
61% ▼5 points below the county
66%
70%
65%
Typical yearly property tax
$3,533 ▲25% above the county
$2,836
$2,525
$3,119
Effective property tax rate
0.56% ▲0.02 points above the county
0.54%
0.52%
0.94%
Renters with high rent for their income
48%
49%
47%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Salt Lake County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Millcreek
For a typical $627,200 home in Millcreek, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Millcreek's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$5,003a month
Least cash to close
Down payment
$21,952
Cash to close
$40,768
Rate
7.18%
Mortgage insurance
FHA MIP · $277
Conventional, 5% down$4,888a month
Down payment
$31,360
Cash to close
$50,176
Rate
7.18%
Mortgage insurance
PMI · $298
Conventional, 20% down, no PMI$3,953a month
Down payment
$125,440
Cash to close
$144,256
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$4,533a month
Down payment
$94,080
Cash to close
$112,896
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Millcreek
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$5,003
$21,952
$615,840
7.18%
FHA MIP · $277
$40,768
580
Conventional, 5% down
$4,888
$31,360
$595,840
7.18%
PMI · $298
$50,176
620*
Conventional, 20% down, no PMI
$3,953
$125,440
$501,760
7.18%
None
$144,256
620*
ITIN, 15% down (example)
$4,533
$94,080
$533,120
8.18%
None
$112,896
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Millcreek is $1,492 a month: 6% below the county. In Millcreek, 48% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Salt Lake County, by unit size. To pay the 2-bedroom one ($1,615 a month) without spending more than 30% of your income, you would need to earn $31.06 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Salt Lake County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,202
$23.12
$48,080
1 bedroom
$1,349
$25.94
$53,960
2 bedrooms
$1,615
$31.06
$64,600
3 bedrooms
$2,143
$41.21
$85,720
4 bedrooms
$2,439
$46.90
$97,560
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Millcreek
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Millcreek has 3 ZIP codes with their own.
For 2 bedrooms it runs from $1,580 in 84106 to $1,770 in 84109.
1 of the 3 is above the fair market rent for Salt Lake County ($1,615).
2-bedroom fair market rent in each of the 3 ZIP codes of Millcreek, beside the one for Salt Lake County. For 2 bedrooms it runs from $1,580 in 84106 to $1,770 in 84109. 1 of the 3 is above the fair market rent for Salt Lake County ($1,615).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,615
Lowest: $1,580 (84106)Highest: $1,770 (84109)
Fair market rent by ZIP code and size in Millcreek, fiscal year 2027.
84106
$1,140
$1,320
$1,580
$2,100
$2,400
84109
$1,300
$1,470
$1,770
$2,360
$2,700
84124
$1,160
$1,320
$1,580
$2,100
$2,400
ZIP code2 bd3 bd
84106 $1,580$2,100
84109 $1,770$2,360
84124 $1,580$2,100
3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Millcreek when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 2 HUD-approved agencies with an office in Salt Lake County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Millcreek or Salt Lake County. The ones below are statewide in Utah: they work in Millcreek the same as in the rest of the state.
Utah state agency second mortgage for the down payment or closing costs alongside its first mortgage: up to 6% of the loan with monthly payments, or up to 3.5% at 3.5% with deferred interest and no payments; capped at $27,500.Offered by Utah Housing Corporation (UHC).
Utah state loan, run by Utah Housing, of up to $20,000 with no interest or monthly payments for the down payment, closing costs or a lower rate; only for first-time buyers of a newly built home with a Utah Housing mortgage.Offered by Utah Housing Corporation (UHC).
No legal help resource on our list is for Millcreek or Salt Lake County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Millcreek and all of Salt Lake County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Millcreek?
The typical home value in Millcreek is $627,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Salt Lake County it is $525,700.
How much does it cost to rent in Millcreek?
Typical rent in Millcreek is $1,492 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Salt Lake County is $1,615.
What is the FHA loan limit in Millcreek?
Millcreek uses the FHA limit for all of Salt Lake County (2026): $637,100 for a one-unit home and $1,225,200 for a four-unit home.
How much property tax do owners pay in Millcreek?
The typical homeowner in Millcreek pays $3,533 a year, according to the U.S. Census Bureau. That is 0.56% of the home’s value; in Salt Lake County, the rate is 0.54%.
Where can I find free help to buy or rent in Millcreek?
There are 2 HUD-approved counseling agencies with an office in Salt Lake County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
