What You’ll Really Pay for Housing in Herriman in 2025

The Housing Market in Herriman Today

Herriman, a growing suburb southwest of Salt Lake City, has seen steady demand for housing in recent years. Its proximity to major employers like the National Security Agency’s Utah Data Center and easy access to downtown Salt Lake City via the Mountain View Corridor have made it an attractive option for families and professionals. The city’s population has nearly doubled since 2010, leading to increased development of single-family homes and apartment complexes.

Compared to nearby cities like South Jordan and Riverton, Herriman offers slightly more affordable housing options while still providing access to amenities and job centers. The median home price in Herriman is around 10% lower than in South Jordan, making it appealing for first-time homebuyers and those looking for more space. However, the influx of new residents has put upward pressure on both home prices and rents in recent years.

For those considering a move to Herriman, understanding the current market conditions is crucial for budgeting and decision-making. While still more affordable than some neighboring cities, Herriman’s housing costs have been on the rise. Potential buyers should be prepared for competitive offers and limited inventory, while renters may face higher prices and fewer options than in previous years. Planning ahead and being flexible on location and amenities can help navigate Herriman’s evolving housing landscape.

Renting in Herriman: Typical Costs and Trends

As of 2025, the average rent for a 1-bedroom apartment in Herriman is around $1,300 per month, while a 2-bedroom typically costs between $1,500 and $1,800. These prices are slightly higher than the overall Salt Lake County average, reflecting Herriman’s newer developments and suburban amenities. Renters can find more affordable options in older apartment complexes or by considering nearby cities like Riverton or Bluffdale.

Herriman’s rental market primarily serves young professionals, families, and some retirees. The city’s proximity to major highways and employment centers makes it a convenient choice for commuters. Apartments closer to the Mountain View Corridor or with easy access to I-15 may command higher rents due to their desirable location.

Newer apartment complexes in the Rosecrest and Towne Center areas of Herriman tend to have higher rents, offering modern finishes and amenities like pools and fitness centers. More affordable options can be found in the older Copper Creek neighborhood or by looking for basement apartments or townhomes. Regardless of budget, renters in Herriman should expect to pay additional costs for utilities, parking, and pet fees, which can add several hundred dollars to the monthly total. For a detailed breakdown of typical expenses, see our guide on the Average Monthly Expenses in Herriman, UT.

Owning a Home in Herriman: Prices, Taxes, and HOA Fees

The median home price in Herriman as of 2025 is around $450,000, with most single-family homes ranging from $350,000 to $600,000 depending on size, age, and location. Newer construction and larger homes in the Rosecrest and Anthem neighborhoods typically command higher prices, while older homes in the Copper Creek area may offer more affordable options.

In addition to mortgage payments, homeowners in Herriman should budget for property taxes and HOA fees. The property tax rate in Salt Lake County is around 0.7%, which translates to approximately $3,150 per year for a $450,000 home. Many neighborhoods in Herriman, particularly newer developments, have active HOAs that charge monthly or annual fees. These fees can range from $50 to $300 per month, depending on the community and amenities provided.

HOA fees in Herriman typically cover maintenance of common areas, parks, and trails, as well as snow removal and garbage collection in some cases. Some communities also offer amenities like pools, clubhouses, and fitness centers, which can increase the monthly cost. Before purchasing a home in Herriman, it’s essential to factor in these additional expenses and consider the long-term cost of ownership. Our Cost of Living in Herriman guide provides a comprehensive overview of what to expect.

Apartment vs House in Herriman: Side-by-Side Costs

Utility & Upkeep Differences

Utility costs can vary significantly between apartments and houses in Herriman, primarily due to differences in size and energy efficiency. Apartments typically have lower utility bills, as they are smaller and often more energy-efficient than single-family homes. Renters in Herriman can expect to pay around $150 per month for electricity, gas, and water, while homeowners may pay closer to $250 or more.

Maintenance and repair costs are another key difference between renting and owning in Herriman. Renters are generally not responsible for these expenses, as they are covered by the landlord or property management company. Homeowners, on the other hand, must budget for ongoing maintenance tasks like landscaping, HVAC tune-ups, and minor repairs, which can add several hundred dollars to the monthly budget. More significant repairs, such as a new roof or appliance replacement, can cost thousands of dollars and should be factored into the long-term cost of homeownership.

5-Year Rent vs Buy Outlook

When considering whether to rent or buy in Herriman, it’s essential to look at the long-term costs and potential for appreciation. Using the sample monthly costs from the previous section, a renter in Herriman would spend around $109,000 on housing over a 5-year period, assuming a 3% annual increase in rent. In contrast, a homeowner with a 30-year fixed-rate mortgage at 3.5% interest would spend approximately $188,000 over the same period, including the down payment, mortgage payments, property taxes, insurance, HOA fees, and maintenance costs.

However, homeownership also offers the potential for building equity and appreciation over time. Assuming a modest 3% annual appreciation rate, a $450,000 home in Herriman could be worth around $520,000 after 5 years. When factoring in the principal paid down on the mortgage and subtracting the costs of selling (typically 6-8% of the home’s value), a homeowner could potentially see a net gain of $40,000 to $50,000 over a 5-year period.

It’s important to note that these projections are based on historical trends and assumptions, and actual results may vary depending on market conditions and individual circumstances. For a more personalized analysis of the rent vs. buy decision in Herriman, it’s recommended to consult with a local real estate professional or financial advisor.

FAQs About Housing Costs in Herriman

• How much are HOA fees in Herriman?
  HOA fees in Herriman typically range from $50 to $300 per month, depending on the community and amenities provided.
• What is the property tax rate in Herriman?
  The property tax rate in Salt Lake County, which includes Herriman, is around 0.7% of the home’s assessed value.
• Is renting cheaper than buying long-term in Herriman?
  While renting may be cheaper in the short term, buying a home in Herriman can be more cost-effective in the long run, especially when considering the potential for appreciation and building equity.
• Do houses have higher utility costs than apartments?
  Yes, houses in Herriman typically have higher utility costs than apartments due to their larger size and increased energy consumption.
• What’s the monthly cost difference between apartments and houses in Herriman?
  On average, the monthly cost difference between renting a 2-bedroom apartment and owning a 3-bedroom house in Herriman is around $1,300, considering rent/mortgage payments, property taxes, insurance, HOA fees, and maintenance costs.

Making Smart Housing Choices in Herriman

Navigating the housing market in Herriman requires careful consideration of your budget, long-term goals, and lifestyle preferences. While renting may offer greater flexibility and lower upfront costs, homeownership can provide a sense of stability and the potential for long-term financial gains. It’s essential to weigh the pros and cons of each option and consider factors like your job security, savings, and plans for the future.

For those new to the area, working with a local real estate agent or property manager can provide valuable insights into the best neighborhoods, school districts, and amenities to suit your needs. They can also help you navigate the competitive market and find properties that fit your budget. If you’re planning a move to Herriman, be sure to check out our Best Moving Companies Guide for tips on selecting a reliable and affordable moving service.

Ultimately, making smart housing choices in Herriman requires a combination of research, planning, and expert guidance. By understanding the local market conditions, budgeting for both short-term and long-term costs, and aligning your housing decision with your overall financial goals, you can find the right home or apartment to suit your needs in this growing and vibrant community.