Rent to own Homes in Herriman, UT
Located in Utah's Salt Lake County, Herriman is a city with a population approaching 22,000 and an area of roughly 20 square miles. The population grew from just 1,500 at the 2000 census, and much more growth can be expected in the coming years. The town was first settled in 1849 and took its name from one of its original settlers, Henry Herriman, who is honored by a monument in the Herriman City Cemetery.
Herriman, UT is a great place for affordable rent-to-own homes! With a median household income of over $102,096 and a median rent of $1,368, the Herriman, UT rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Herriman, UT. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Herriman, UT Property Resources
Rent to own Homes in Cities Near Herriman, UT
- Alpine
- Alta
- American Fork
- Bingham Canyon
- Bluffdale
- Bountiful
- Brighton
- Cedar Fort
- Cedar Hills
- Cedar Valley
- Copperton
- Cottonwood Heights
- Draper
- Eagle Mountain
- Emigration Canyon
- Erda
- Fairfield
- Granite
- Herriman
- Highland
- Holladay
- Kearns
- Lehi
- Lindon
- Magna
- Midvale
- Millcreek
- Murray
- North Salt Lake
- Ophir
- Orem
- Pleasant Grove
- Provo
- Riverton
- Salt Lake City
- Sandy
- Saratoga Springs
- South Jordan
- South Salt Lake
- Stansbury Park
- Taylorsville
- Tooele
- Vineyard
- West Jordan
- West Valley City
- White City
- Woods Cross
Neighborhoods in Herriman, UT
Butterfield Canyon rent to own homes Rose Basin rent to own homes Two Creeks rent to own homes Rosecrest rent to own homes Fort Herriman rent to own homes Pioneer rent to own homes Herriman Towne Center rent to own homes Old Herriman Original Township rent to own homes East Herriman rent to own homes Herriman North rent to own homesPopular Zip Codes in Herriman, UT
84096 rent to own homesBuying a Home in Herriman, UT
Herriman, UT is seeing rapid growth and Herriman, UT's' housing market remains not optimal with an average home price that is 91% above the 2024 national average. Herriman, UT is part of Salt Lake county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Salt Lake is 0.67% which is below the national average, which is 0.99%.
Median Home Price in Herriman, UT
Median Rent in Herriman, UT
Top 5 Reasons to Live in Herriman, Utah
The city is devoted to the arts! The Herriman Arts Council is a prominent organization in the city and is involved in putting on a number of performances and other cultural events. Performances are held at venues such as Rosecrest Pavilion at Butterfield Park, and residents are invited to audition for acting roles or backstage jobs. There are also seasonal events, including the Valentine's Cabaret, which is held at Copper Rim Cafe.
There are a large amount of owner-occupied properties! The percentage of properties that are occupied by their owners is significantly higher than the state and national averages. Herriman is the kind of city where people settle down for the long haul, which is ideal if you want to put down roots and get involved in community life. If you aren't quite ready to buy, consider one of the city's rent to own homes. Some of the most popular neighborhoods include Camp Williams and Jordan Narrows.
You can attend fun events! Community events are very popular in the city of Herriman. Attending these events can help you get to know your neighbors and engage with the community. Some annual events held in the city include the Pumpkin Festival and International Days.
The price of property is rising! The average sale price of homes in Herriman is increasing, which means real estate in the area is a great investment. Although properties in the town are fairly costly and are more expensive than the average for state and the country as a whole, there are still places where real estate is more affordable. Look for bargains in the Copperton neighborhood and the City Center.
There are some great restaurants! Herriman is home to a number of eateries, which means there are always options when you want to eat out. Guras Spice House is highly recommended for Indian food, Little Caesar's serves delicious Italian fare, and Bout Time Pub and Grub offers burgers, sandwiches and pizza.