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Salt Lake County, Utah
Cost of living, home prices, schools and neighborhoods
Magna is an unincorporated township on Salt Lake County's west side with deep copper mining roots, Kennecott's Bingham Canyon Mine, the world's largest open-pit copper mine, dominates the southern skyline. Housing here is among the most affordable in the Salt Lake metro, with many homes dating to the 1940s–1960s mining-town era. Magna has undergone a slow revitalization as young buyers and investors priced out of SLC look west. The main commercial strip along 3500 South provides essential services, and a new Smith's grocery store anchored recent development. For investors, Magna offers exceptional cash-flow potential, purchase prices are low, demand is steady from nearby mine, warehouse, and airport-area employment, and the township's improving infrastructure suggests gradual appreciation. The downside is older housing stock that demands more maintenance capital.
Call, book a time, or send a note. We serve Magna and nearby Wasatch Front cities.
$380K
Median Home Price
$1,350/mo
Median Rent
28,000
Population
2.0%
Growth Rate
Avg Days on Market
19 days
Median Household Income
$55K
Owner-Occupied
62%
Magna's mining-town street grid and 1940s–1960s housing stock still define daily life. Morning shifts at Kennecott or airport-area warehouses start early, and evenings are spent in backyards with mountain views that belie the affordable price tag. The 3500 South strip has a new brewery, a taqueria that draws people from across the valley, and the longtime Magna staples, a barbershop, hardware store, and pizza joint. Weekends include ATV riding in the nearby foothills, fishing at Magna Reservoir, and community events at Pleasant Green Park. Magna Heritage Festival in summer celebrates the mining history with a parade and potluck energy.
Historic mining community at the base of the Oquirrh Mountains, adjacent to Kennecott's Bingham Canyon Mine.
historic mining-era homes with character
commercial strip with adjacent residential
slightly newer homes on the township's south side
walkable core with revitalization potential
Magna is served by Granite School District.
Among the most affordable markets in Salt Lake County
Strong cash-flow yields for buy-and-hold investors
Gradual revitalization improving infrastructure and perception
Kennecott mine and nearby warehousing provide local employment
Historically, Kennecott operations have impacted soil and groundwater in parts of Magna, and EPA cleanup efforts have been ongoing for decades. Most residential areas have been remediated, but investors should check property-specific environmental reports, particularly for homes near the tailings pond or historic smelter sites. The air quality concerns are generally wind-blown dust from the mine rather than active emissions. Properties east of Main Street and away from the mine's direct influence are least affected. This is a manageable risk that keeps prices affordable and can be addressed with proper due diligence.
Demand is anchored by Kennecott, nearby distribution centers, and the Salt Lake airport zone. Lower price points support longer stays once a household is settled. Pet-friendly policies expand the applicant pool. Responsive maintenance and market-rate renewals matter more here than in higher-rent submarkets.
Gentrification may be too strong a word, but Magna is experiencing gradual change as SLC housing costs push buyers and renters westward. New restaurants, a brewery, and the Smith's grocery development signal growing commercial interest. Home prices have appreciated faster than the county average in percentage terms, though from a lower base. For existing investors, this trend supports value appreciation. For new investors, the window for the deepest discounts may be narrowing, but Magna still offers significantly lower entry points than any Salt Lake City neighborhood.
Call, book a time, or send a note. We serve Magna and nearby Wasatch Front cities.
Send a message through the contact page and ask about Magna or anything else.
Founder
Pranay founded Ondo Real Estate and built the platform behind the owner and tenant portals. He started in software and moved into real estate, and he still works with clients directly.
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