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Investment Properties for Sale in Herriman, Utah
Herriman has shifted from a quiet south-valley town to one of Salt Lake County's fastest-growing cities, which changes the math on investment property here. The population roughly tripled over the last decade, and master-planned communities like Rosecrest, Anthem, Juniper Crest, and the Cove at Herriman Springs keep adding rooftops along with the families that fill them. For buy-and-hold investors, that growth translates into a deep rental pool — Mountain Point Medical, the Daybreak corridor, the new Olympia development to the west, and an easy Bangerter-to-Mountain View Corridor commute toward tech employers in Lehi and Draper all feed steady demand for 3-4 bedroom single-family rentals and townhomes.
Pricing is the trade-off. Median sale prices in Herriman typically run in the upper $500Ks to mid $600Ks for detached homes, with townhomes and condos coming in lower and penciling out better on a cash-flow basis. Short-term rentals are tightly restricted by Herriman's ordinance, so most successful strategies here are long-term leases, mid-term furnished rentals aimed at traveling medical staff, or a live-in house hack using a basement apartment — many homes in the Hi Country Estates and Herriman Heights areas have separate walkout entries that lend themselves to ADU setups. New-construction inventory from builders like Ivory, Fieldstone, and Lennar also gives investors options without deferred maintenance. Browse the active listings below to see what's currently on the market and how the numbers shape up.
May 2026 · Herriman market
Live from the Utah MLS — what's actually happening in Herriman right now.
Median sale
$572,500
82 closed in May 2026
Median DOM
24 days
listing → contract
Sale-to-list
99.4%
of final list price
Unsold inventory
473
active + pending
27 matching · page 2 of 2
Active listings
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Common questions
About investment properties in Herriman.
Does Herriman allow short-term rentals like Airbnb? ▾
Herriman has strict rules against short-term rentals under 30 days in residential zones, and the city actively enforces them. Most investors here run long-term leases (12 months) or mid-term furnished rentals of 30+ days aimed at traveling nurses working at Mountain Point Medical or relocating tech workers. Always confirm current ordinance language with the city before closing on a short-term strategy.
What rents can I expect on a typical Herriman single-family home? ▾
A 3-4 bedroom detached home in Herriman generally rents in the $2,400-$3,200 range depending on size, age, and whether it has a finished basement. Townhomes in communities like Anthem or Juniper Crest tend to land between $1,900 and $2,400. Newer builds with two-car garages and main-floor primary suites command the top of those ranges.
Do Herriman properties cash flow at current prices? ▾
On a 20-25% down conventional loan at today's rates, most detached Herriman homes are slightly negative to break-even on pure cash flow, with the return coming from appreciation and principal paydown. Townhomes, condos, and homes with legal basement apartments are where investors are finding actual positive monthly cash flow in this market.
Are basement apartments or ADUs allowed in Herriman? ▾
Herriman permits internal accessory dwelling units in owner-occupied homes under specific conditions — separate entrance, kitchen, parking, and a city permit. Detached ADUs are more restricted. House-hackers buying a home with a walkout basement and converting it to a rented ADU is one of the more common investor plays in the city.
Which Herriman neighborhoods do investors target most? ▾
Rosecrest and Anthem see steady investor interest because of the school ratings and family-friendly layouts that keep tenants in place for multiple years. Hi Country Estates draws investors looking for larger lots and ADU potential. The newer Juniper Crest and Cove at Herriman Springs areas are popular for newer-construction rentals with lower maintenance costs.
How is Herriman positioned for long-term appreciation? ▾
The Olympia master-planned community to the west, continued expansion of the Mountain View Corridor, and Silicon Slopes growth in Lehi and Draper all point to sustained demand. Herriman is also one of the last large pieces of developable land in southwest Salt Lake County, which supports land values. Most local investors underwrite for moderate appreciation rather than rapid flips.