Draper, Utah.
Typical home $811,826 (+3.1% in a year), asking rent $1,700 (+2.6%). Salt Lake City, UT metro.
to buy the typical home at today's mortgage rate — +$2,345 (+122%) since Jan 2020.
- 1 year
- Up $24,039 +3%
- $787,787$811,826 since Sep 2025
- 5 years
- Up $98,023 +14%
- $713,803$811,826 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Draper$4,261
- Utah$2,797
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 27 years.
Typical home values in Draper, UT rose 3.1% over the past year — faster than the nation's +1.2%.
Asking rents in Draper, UT rose 2.6% over the past year — in step with the nation.
Owning the typical home in Draper runs $3,795/mo more than renting one — the widest that gap has been in this data.
That is $5,495 a month against $1,700 rent: a $4,261 mortgage payment, plus $365 property tax and $869 insurance & upkeep.
Owning vs renting — Draper
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$5,495
- Renting$1,700
- Mortgage only$4,261
Property tax · $365/mo 0.54% of value a year — the ACS 2020-2024 median bill over the median home value for Salt Lake County, UT
Insurance & upkeep · $869/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Draper, Salt Lake County, Utah
Draper is a city of 51,017 people in Salt Lake County. Half its households earn more than $128,910 a year and half less, against $97,494 across Salt Lake County; 6% of its people live below the poverty line. 69% of its homes are lived in by their owners and 31% are rented. Unemployment in Draper was 3.9% in August 2026, and Salt Lake County had 1.5% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Draper is a city in Salt Lake County, and its households have incomes well above the county's. Most homes are lived in by their owners, a larger share than you would find in many places, and typical home values and rents are on the high side. Residents are younger than you might expect, and a good many adults hold a four-year degree. Winters are cold, with January the coldest month, and summers are hot, with July the warmest.
Work. Many residents work in schools, hospitals and social care, in professional and business services, in shops, or in banks, insurance and property. Some of the largest workplaces in Draper are SeekWell, Swire Coca-Cola, USA and Walmart. Unemployment is a little lower than a year ago, and a good number of residents work from home. The typical commute is a short one.
Things to do. The Living Planet Aquarium is in or beside town, and Timpanogos Cave National Monument, a protected area, is a short drive away. For a ball game, America First Field, a stadium, is also a short drive away. Sundance Resort, a ski area, is a longer drive away for winter days.
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- 16,981households
- 52%of adults have a degree
- 6%below the poverty line
- 24 mintypical commute
- 25%work from home
What residents work in
Employed residents by industry, from the Census survey. Salt Lake County had 808,479 jobs in 2025, 1.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 40° and lows near 25°; warmest in July, with highs near 94° and lows near 66°.
Average daily high and low, 1991–2020, at the Draper-point Of Mountain weather station, 2 miles away (NOAA).
Largest workplaces in Draper
- SeekWellWeb retailers1,389
- Swire Coca-cola, USASoft drink manufacturing1,012
- WalmartElectronic shopping and mail-order houses942
- Rent-A-CenterRental/ sales of household furniture, appliances & electronics543
- Staker Parson CompaniesPavement, highway, road, street, bridge or airport runway, construction515
- Joyce University of Nursing and Health SciencesUniversity or college372
- Wadsworth Brothers ConstructionPavement, highway, road, street, bridge or airport runway, construction361
- Wasatch Product DevelopmentLotions manufacturing358
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 45 workplaces with 20 or more staff, 8,778 people in all. Colleges come from IPEDS (NCES, 2023–24). Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- AvalanchesVery high
- EarthquakesRelatively moderate
- Wildfirerelatively high in parts of DraperRelatively moderate
- Winter weatherrelatively high in parts of DraperRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Draper’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Salt Lake County and the Salt Lake City, UT metro.
Draper home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Draper$811,826
- Utah$532,920
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Draper listings, and the typical home goes pending in 50 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Draper38.68%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Draper50
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Draper224
New listings per month
Sellers arriving at the market.
- Draper51
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Draper$794,677
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Draper98.06%
Zip codes with a Draper address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Draper — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.