Millcreek, Utah.
Typical home $632,014 (+3.3% in a year), asking rent $1,514 (+2.1%). Salt Lake City, UT metro.
to buy the typical home at today's mortgage rate — +$1,818 (+121%) since Jan 2020.
- 1 year
- Up $19,911 +3%
- $612,103$632,014 since Sep 2025
- 5 years
- Up $78,266 +14%
- $553,748$632,014 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.
- Millcreek$3,317
- Utah$2,797
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 26 years.
Typical home values in Millcreek, UT rose 3.3% over the past year — faster than the nation's +1.2%.
Asking rents in Millcreek, UT rose 2.1% over the past year — slower than the nation's +2.7%.
Owning the typical home in Millcreek runs $2,764/mo more than renting one — the widest that gap has been in this data.
That is $4,278 a month against $1,514 rent: a $3,317 mortgage payment, plus $284 property tax and $677 insurance & upkeep.
Owning vs renting — Millcreek
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$4,278
- Renting$1,514
- Mortgage only$3,317
Property tax · $284/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 · $677/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 Millcreek, Salt Lake County, Utah
Millcreek is a city of 63,380 people in Salt Lake County. Half its households earn more than $98,045 a year and half less, against $97,494 across Salt Lake County; 8% of its people live below the poverty line. 61% of its homes are lived in by their owners and 39% are rented. Unemployment in Millcreek was 3.5% 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. Millcreek is a city in Salt Lake County, with a population of people who tend to be well educated: more adults here hold a four-year degree than in most places. Household incomes are close to the county's, and more homes are lived in by their owners than rented. Winters are cold, with January the coldest month, and summers turn properly hot by July.
Work. Many residents work in schools, hospitals and social care, in professional and business services, in shops, or in manufacturing. Some of the biggest workplaces in Millcreek are Western Governors University, St. Mark's Hospital and Walmart. Commutes are fairly short, and a good number of people work from home.
Things to do. A short drive away, Hogle Zoo is a good outing for families, and the Utah Museum of Fine Arts offers an afternoon indoors. Temple Square, a garden and landmark in the city centre, is also a short drive. For skiing in winter, Deer Valley is a ski area a longer drive away.
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- 25,920households
- 54%of adults have a degree
- 8%below the poverty line
- 21 mintypical commute
- 23%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 23°; warmest in July, with highs near 92° and lows near 63°.
Average daily high and low, 1991–2020, at the Salt Lake City East Bench weather station, 3 miles away (NOAA).
Largest workplaces in Millcreek
- Western Governors UniversityUniversity or college8,420
- St Marks HospitalGeneral hospital1,136FTE
- WalmartWarehouse clubs and supercenters262
- Smiths Food And DrugWarehouse clubs and supercenters234
- Alder Construction CompanyConstruction management, water and sewage treatment plant228
- Jrock ConstructionShotcrete contractors183
- Smiths Food And DrugSupermarkets and other grocery except convenience stores139
- K & K DrywallAcoustical ceiling tile and panel installation124
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 24 workplaces with 20 or more staff, 4,017 people in all. Colleges come from IPEDS (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. 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 high
- Winter weatherRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Millcreek’s census tracts, against the rest of the country; all of them together, relatively high. 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.
Millcreek home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Millcreek$632,014
- Utah$532,920
- United States$366,157
Sellers are cutting prices on about 1 in 2 Millcreek listings, and the typical home goes pending in 27 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.
- Millcreek41.28%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Millcreek27
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Millcreek215
New listings per month
Sellers arriving at the market.
- Millcreek66
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Millcreek$621,731
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Millcreek98.32%
Zip codes with a Millcreek address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Millcreek — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.