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Midvale

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

Median Home$422,084
Median Rent$1,557/month
Population36,349
Leading IndustriesEducation · Arts, Food & Hospitality2% education
Home Value Growth+7.3% over 2 years
Young Adults41% of residentstop 2% nationally
Renters58% of occupied units
NotableAmenity Score79/100 · highly walkable area
NotableTransit81/100 · excellent transit access
Midvale
UT

Frequently Asked Questions

What are today's mortgage rates in Midvale?

As of today, the 30-year fixed mortgage rate for Midvale is approximately 6.861% (6.896% 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 Midvale?

The median home value in Midvale is $422k. The median monthly rent is $1,557. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Midvale?

Home values in Midvale have increased 7.3% over the past two years. This represents moderate growth. 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 Midvale?

Based on a typical all-in ownership cost of $1,555/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $67k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Midvale is $76k/year.

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What industries drive the economy in Midvale?

The largest employment sectors in Midvale are public administration (23%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.