Millard County, Utah Housing Market
In Millard County, Utah, the median home value is $284,700, with a median monthly rent of $882. This places Millard County at #703 nationally out of 3134 counties by median home value, and #22 within Utah.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,187
- Establishments: 400
- BLS QCEW, 2025
Housing Supply
- Single-family: 67
- Multi-family: 6
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,634 (avg $67,637)
- Outflow: 4,430 (avg $67,868)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Millard County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 84631 | 402.8 | +23.40% | 2025 |
| 2 | 84624 | 386.8 | -0.44% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Millard County Compares
| Metric | Millard County | Utah Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $284,700 | $418,720 | $227,706 |
| Median Gross Rent | $882 | $1,149 | $968 |
| Owner Occupancy Rate | 81.8% | 77.2% | 73.3% |
| Price/Rent Ratio | 26.9 | 29.9 | 18.7 |
Market Analysis
The median home value in Millard County is 32.0% below the Utah state average and 25.0% above the U.S. national average. The median rent of $882/month is 23.2% below the state average.
With a price-to-rent ratio of 26.9, Millard County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Millard County has an owner-occupancy rate of 81.8%, compared to 77.2% in Utah and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Jackson County | North Carolina | $284,700 | $904 |
| Cassia County | Idaho | $284,600 | $1,000 |
| Johnson County | Indiana | $284,600 | $1,271 |
| Madison County | North Carolina | $284,600 | $780 |
| Williams County | North Dakota | $284,800 | $1,123 |
Other Counties in Utah
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Beaver County | $283,700 | $981 | 81.0% |
| Duchesne County | $283,700 | $1,009 | 78.9% |
| Daggett County | $282,300 | $900 | 82.3% |
| Uintah County | $298,600 | $941 | 73.5% |
| Piute County | $264,800 | $950 | 95.5% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).