Home Values in Draper, Utah — 2026 Market Report
Updated March 2026 | Buyer's Market | +5.4% YoY
The median home value in Draper, Utah is $595,000 as of March 2026, which is above the national median of $400,000. Home values in Draper have increased by 5.4% over the past year and 30.1% over the last five years. With a population of 51,017 and a median household income of $108,250, the price-to-income ratio stands at 5.5x, making Draper affordable for the average household.
Draper Housing Market Conditions
| Metric | Draper | National Avg |
|---|---|---|
| Median Home Value | $595,000 | $400,000 |
| YoY Appreciation | +5.4% | +3.8% |
| 5-Year Appreciation | +30.1% | +22.4% |
| Price per Sq Ft | $215 | $222 |
| Days on Market | 45 days | 45 days |
| Months of Supply | 5.4 | 3.5 |
| List-to-Sale Ratio | 98% | 98.5% |
| Monthly Homes Sold | 25 | — |
| Foreclosure Rate | 0.77% | 0.3% |
Home Value Trends in Draper
A homeowner who purchased at the median price of $457,341 five years ago in Draper would have gained approximately $137,659 in equity, representing a 30.1% return on investment. Over the past year alone, the typical homeowner gained $30,484 in home equity.
Affordability in Draper, UT
With a median household income of $108,250 and a median home price of $595,000, the price-to-income ratio in Draper is 5.5x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $4,028 compared to estimated monthly ownership costs of $3,114 gives a rent-vs-buy ratio of 0.77. In Draper, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Draper
The effective property tax rate in Utah is 0.58%. On a home valued at $595,000, the estimated annual property tax bill is $3,451, or approximately $288/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Draper is 108.5 (100 = national average), indicating living costs are near the national average.
Calculate Your Mortgage Payment in Draper
Use our free calculator to estimate monthly payments for a $595,000 home
Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Draper, UT?
The median home value in Draper, Utah is $595,000 as of March 2026. Home values have changed +5.4% over the past year, with a 5-year appreciation of 30.1%.
Is Draper a buyer's or seller's market?
Draper is currently a buyer's market with 5.4 months of housing supply. Homes spend an average of 45 days on market, and the list-to-sale price ratio is 98%. Higher inventory gives buyers more negotiating power.
Are home values going up in Draper?
Yes, home values in Draper have increased by 5.4% over the past year. The 5-year appreciation rate is 30.1%, meaning a home worth $457,341 five years ago is now worth $595,000.
Is it better to rent or buy in Draper?
The average monthly rent in Draper is $4,028, while estimated monthly homeownership costs are approximately $3,114. The price-to-rent ratio is 12.3. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Utah Cities
Related Resources
Disclaimer: Home value data for Draper, Utah is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.