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Herriman

Learn about the people, housing, costs and businesses in Herriman, Utah

Median Home$600,983
Median Rent$2,418/month
Population60,296
Leading IndustriesHealthcare · Arts, Food & Hospitality · Manufacturing15% healthcare
Home Value Growth+2.9% over 2 years
Family-Friendly35% of residentstop 1% nationally
Homeowners77% of occupied units
NotableHigh Incomes$131k/year · top 6% nationally
NotableHighly Educated28% hold a bachelor's degree · top 12% nationally
Herriman
UT

Frequently Asked Questions

What are today's mortgage rates in Herriman?

As of today, the 30-year fixed mortgage rate for Herriman is approximately 6.836% (6.870% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Herriman?

The median home value in Herriman is $601k. The median monthly rent is $2,418. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Herriman?

Home values in Herriman have increased 2.9% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Herriman?

Based on a typical all-in ownership cost of $2,177/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $93k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Herriman is $131k/year.

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What industries drive the economy in Herriman?

The largest employment sectors in Herriman are public administration (20%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.