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Millcreek

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

Median Home$592,498
Median Rent$1,641/month
Population62,527
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services12% arts, food & hospitality
Home Value Growth+8.1% over 2 years
Young Adults34% of residentswell above average
Homeowners64% of occupied units
NotableHighly Educated31% bachelor's · 14% graduate · top 7% nationally
NotableHigh Incomes$106k/year · top 14% nationally
Millcreek
UT

Frequently Asked Questions

What are today's mortgage rates in Millcreek?

As of today, the 30-year fixed mortgage rate for Millcreek is approximately 6.837% (6.871% 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 Millcreek?

The median home value in Millcreek is $592k. The median monthly rent is $1,641. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Millcreek?

Home values in Millcreek have increased 8.1% 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 Millcreek?

Based on a typical all-in ownership cost of $1,657/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $71k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Millcreek is $106k/year.

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What industries drive the economy in Millcreek?

The largest employment sectors in Millcreek are public administration (26%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.