The Most Affordable Neighborhoods in Millcreek, Salt Lake City, UT by Home Value

 

Millcreek, Salt Lake City, UT Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Millcreek area can be challenging. Home prices in Millcreek are now at a median cost of $387,350, higher than the Salt Lake City average of $378,100.

The average cost of rent is $1,374/mo in Millcreek, primarily driven by the current value of real estate in the Millcreek area. While nearly 35.74% of residents own their homes outright in Millcreek, 41.67% rent.

Housing affordability isn’t just about home prices, though. The average household income in Millcreek is $6,742 per month. Households that rent pay about 20.38% of their income on rent here. Millcreek's most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the neighborhood.


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