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Investment Properties for Sale in Draper, Utah
Draper sits at the south end of Salt Lake County where I-15 meets the Point of the Mountain, putting it 25 minutes from downtown Salt Lake and 20 minutes from Lehi's Silicon Slopes tech corridor. That geography is the entire investment thesis: Draper pulls renters from both job centers, plus the new Utah State Prison redevelopment site (The Point) is about to add roughly 7 million square feet of mixed-use development on the city's western edge. Median home prices generally run $700K to $900K, with newer SunCrest and Suncrest Highlands product trading higher and older Draper Historic District homes occasionally pricing under that band. Rents on a standard 4-bed single-family typically land in the $2,800–$3,600 range, which keeps cash-on-cash returns tight but appreciation steady.
For investors, the practical filters in Draper come down to product type. Townhomes near 12300 South and the Draper FrontRunner station rent quickly to tech commuters and tend to carry lower HOA-to-rent ratios than condos. Single-family homes with walkout basements or ADU potential work well as house-hacks given Utah's 2021 statewide internal ADU law. Short-term rental rules in Draper are restrictive — the city does not permit nightly rentals in most residential zones — so plan on long-term or mid-term (30+ day) strategies. Corporate housing for eBay, Pluralsight, and the medical campuses along 11400 South is a quieter niche worth looking at. Browse the active listings below to see which Draper properties are currently positioned for rental income or value-add work.
May 2026 · Draper market
Live from the Utah MLS — what's actually happening in Draper right now.
Median sale
$758,500
42 closed in May 2026
Median DOM
8 days
listing → contract
Sale-to-list
99.8%
of final list price
Unsold inventory
165
active + pending
7 matching · page 1 of 1
Active listings
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Common questions
About investment properties in Draper.
Are short-term rentals (Airbnb, VRBO) legal in Draper? ▾
Generally no. Draper restricts nightly rentals in residential zones and requires stays of 30 days or longer in most areas. A handful of properties in specific zones or with grandfathered status operate legally, but assume long-term or mid-term rental strategies when underwriting a Draper deal.
What kind of rents can I expect on a Draper single-family home? ▾
A typical 3–4 bedroom single-family home rents in the $2,800–$3,600 range, with newer construction in SunCrest or homes backing the foothills pushing $4,000+. Townhomes near the FrontRunner station and Bangerter corridor usually land between $2,200 and $2,800.
Does Draper allow ADUs or basement apartments for house-hacking? ▾
Yes. Utah's 2021 statewide law requires cities to permit internal ADUs in owner-occupied single-family homes, and Draper complies. The unit has to meet building and fire code, and the owner must live on-site. Detached ADUs are more restrictive and require checking the specific zone.
Which Draper neighborhoods see the strongest rental demand? ▾
Areas within a short drive of Silicon Slopes — South Mountain, Suncrest, and the corridor along 13800 South near IKEA and the eBay campus — pull steady tenant interest from tech workers. The Draper Historic District and homes near Corner Canyon High School also rent quickly to families prioritizing schools.
How does Draper compare to Lehi or Herriman for investment returns? ▾
Draper carries higher entry prices than Herriman and similar pricing to Lehi, but it has less new construction supply hitting the market, which tends to support rents. Lehi often shows stronger rent growth tied directly to Silicon Slopes hiring, while Draper offers more diversified tenant demand from both Salt Lake and Utah County employers.
What's the property tax situation for non-owner-occupied homes in Draper? ▾
Utah taxes non-primary residences at the full assessed value, while primary residences receive a 45% exemption. That means an investment property in Draper effectively pays about 1.8x the property tax of an owner-occupied home at the same value — a meaningful line item to model before you buy.