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Buying your first home in Draper, Utah: down payment assistance, what you need at closing, and the current median price and days on market.
Ondo pairs neighborhood-level pricing, prep, and negotiation support with the realities of a $640K median home market in Draper.
Nearby Coverage
Buying your first home in Draper is one of the biggest financial decisions you'll make, and the local market rewards buyers who are prepared. With a median home price of $640,000 and homes averaging 28 days on market, Draper moves at a pace that requires pre-approval, clear priorities, and an agent who knows the area. First-time buyers in Draper often work near eBay or 1-800 Contacts, earning around the Draper median household income of $115,000. Utah Housing Corporation offers down payment assistance grants and second mortgages that can cover your 3.5% FHA or 3% conventional down payment, making homeownership possible sooner than you think.
Draper sits at the south end of Salt Lake County, close to Silicon Slopes offices and Corner Canyon recreation. Morning commutes to Lehi tech campuses run 15–20 minutes on I-15. Corner Canyon trails draw mountain bikers and trail runners daily, the network connects to BST for 50+ miles of ridgeline paths. Weekends include brunch at local cafes along 12300 South, Cowabunga Bay waterpark, and evening strolls through Draper City Park. CrossFit gyms, climbing gyms, and yoga studios sit along the commercial corridors.
Median Home Price
$640K
Median Rent
$1,900/mo
Population
51,000
Annual Growth
2.2%
Avg Days on Market
28
Owner-Occupied
78%
Ondo city medians as of Aug 2026 — verify. Not an MLS pull, appraisal, BPO, or CMA. Population and annual growth are approximate and are not tied to a named public source here. Check the U.S. Census Bureau for official figures.
We review your income, savings, credit, and monthly expenses to determine a realistic home budget. We explore all available programs: FHA, conventional, VA, USDA, and Utah Housing down payment assistance: to find the combination that minimizes your out-of-pocket costs.
Using your budget and priorities, we search for homes that match your needs. Our agents provide local insight on neighborhoods, commute patterns, school quality, and resale value. When you find the right home, we craft a competitive offer strategy.
We guide you through home inspection, negotiate any needed repairs, coordinate your loan closing, and ensure you understand every document you sign. From offer to keys, we're with you at every step.
School District: Canyons School District
Notable schools: Corner Canyon High School, Draper Park Middle School, Willow Springs Elementary
Upscale south-valley city at the base of the Wasatch Range with world-class mountain biking in Corner Canyon.
Outdoor Activities
Local Landmarks
It depends on your loan type and whether you qualify for down payment assistance. FHA loans require 3.5% down, conventional loans start at 3%, VA loans require zero down, and USDA loans require zero down in eligible areas. Utah Housing Corporation offers grants and forgivable second mortgages that can cover your entire down payment and some closing costs. We help you identify every available program to minimize your out-of-pocket costs.
Ask a lender about a documented pre-approval before you shop. A letter can clarify a budget range and which programs might fit. It does not tell you that you will qualify or lock a payment. Sellers often want to see a letter. We can connect you with lenders who work with first-time buyer programs.
From pre-approval to closing typically takes 45–90 days, depending on how quickly you find a home and your loan type. The home search itself varies, some buyers find a home in a week, others take several months. Once you're under contract, expect 30–45 days to close for conventional and FHA loans, and 45–60 days for VA and USDA loans. We set realistic timelines based on your specific situation.
Plan for closing costs (2–4% of the purchase price), home inspection ($350–500), appraisal fee ($400–600), homeowner's insurance (first year paid at closing), and moving expenses. Some of these costs can be negotiated as seller concessions. We provide a detailed cost estimate early in the process so there are no surprises.
Twilight exterior photography and 60–90 second video tours consistently boost lead volume and showing conversions.
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Send details for notary, loan signing, property questions, or anything that needs a follow-up from our team.