A Hot Jobs Market Is Fueling a Housing Boom Within Utah’s Silicon Slopes

Tech workers are buying up homes in Draper, an area with ample open space and highly-ranked schools

The U.S.’s hottest job market in 2023 was Utah’s tech sector, nicknamed Silicon Slopes for its proximity to the Wasatch Mountain Range. Heavily concentrated in the state’s north region, startup and established tech companies run about 80 miles from Ogden to Provo, with Salt Lake City in the middle. Roughly halfway between Salt Lake City and Provo is Draper, a city that 30 years ago had a population around 8,500, according to census data. Today, with a population closer to 50,000, Draper has become a preferred place for tech workers to live. Companies in the nearby area include Adobe. “It blew up as a result of the pandemic and work anywhere lifestyle,” says Brett Sellick, an associate broker at Summit Sotheby’s International Realty. Draper has a suburban downtown, but a new multibillion-dollar project called the Point is being developed on 600 acres of state-owned land; it will mix office buildings, housing, retail, entertainment and more.

Draper by the numbers

Key metrics show how the Draper market has changed over time, according to Realtor.com (Read Full Article Here)