Buying a home in Millcreek now requires a household income well into six figures, according to a Salt Lake Board of Realtors report released Tuesday, Aug. 25, that pegs the county-wide income threshold at $186,827.

That figure, the highest in two years, represents what a household must earn to afford Salt Lake County's record median single-family home price of $645,000. The required income jumped 7.75% in a single quarter, up nearly $13,500 from $173,392 in the first three months of 2026.

Every municipality the board examined in Salt Lake County now requires a six-figure household income to afford a median-priced home.

Millcreek's 84109 ZIP code, which covers the city's east bench, carried a Q2 median single-family price of $893,000, up 3.9% year over year, according to a Salt Lake Board of Realtors social media post on Aug. 5. That ranks it among the Wasatch Front's 10 most expensive ZIP codes and sits $248,000 above the county median.

"There's this feeling of 'bad news, whatever.' We need housing," board president Scott Colemere told the Salt Lake Tribune in July. "Utah is a great place to live. We can figure out how."

Colemere, a principal broker at Colemere Realty Associates, said in the board's Aug. 25 press release that affordability is now a challenge in every community and that expanding housing supply remains critical.

The range across Salt Lake County is wide. Draper topped the list at $259,641 in required income to afford its $925,000 median price. West Valley City was the most affordable at $148,470 for a $497,500 median home.

The board's calculations assume a 10% down payment, a 6.41% average mortgage rate for April through June, the median county property tax rate, $1,581 in annual homeowners' insurance, private mortgage insurance at 0.5% and $345.64 per month in utilities. The methodology follows the federal standard that housing costs should not exceed 30% of gross monthly income.

Three Wasatch Front ZIP codes cracked $1 million for single-family homes in Q2, and one saw prices jump 37% year over year. Condominiums sold for about $227,000 less than single-family homes countywide, a gap that may reflect buyers searching for cheaper alternatives.

The report did flag one bright spot: builders are offering mortgage-rate buydowns, and rising inventory is giving buyers more options heading into fall.