diff --git a/src/libraries/System.Text.Json/src/System.Text.Json.csproj b/src/libraries/System.Text.Json/src/System.Text.Json.csproj
index 0fb5fcd5acf44f..a38e38ceb6a93c 100644
--- a/src/libraries/System.Text.Json/src/System.Text.Json.csproj
+++ b/src/libraries/System.Text.Json/src/System.Text.Json.csproj
@@ -158,6 +158,7 @@ The System.Text.Json library is built-in as part of the shared framework in .NET
     <Compile Include="System\Text\Json\Serialization\Metadata\JsonTypeInfoKind.cs" />
     <Compile Include="System\Text\Json\Serialization\Metadata\JsonTypeInfoResolverChain.cs" />
     <Compile Include="System\Text\Json\Serialization\Metadata\JsonTypeInfoResolverWithAddedModifiers.cs" />
+    <Compile Include="System\Text\Json\Serialization\Metadata\PropertyRefCacheBuilder.cs" />
     <Compile Include="System\Text\Json\Serialization\PolymorphicSerializationState.cs" />
     <Compile Include="System\Text\Json\Writer\Utf8JsonWriterCache.cs" />
     <Compile Include="System\Text\Json\Serialization\ReferenceEqualsWrapper.cs" />
diff --git a/src/libraries/System.Text.Json/src/System/Text/Json/JsonHelpers.cs b/src/libraries/System.Text.Json/src/System/Text/Json/JsonHelpers.cs
index 2b189272f5d1e5..25bbf86537d72d 100644
--- a/src/libraries/System.Text.Json/src/System/Text/Json/JsonHelpers.cs
+++ b/src/libraries/System.Text.Json/src/System/Text/Json/JsonHelpers.cs
@@ -5,6 +5,7 @@
 using System.Collections;
 using System.Collections.Generic;
 using System.Diagnostics;
+using System.Diagnostics.CodeAnalysis;
 using System.Runtime.CompilerServices;
 using System.Text.RegularExpressions;
 
@@ -212,6 +213,41 @@ public static string Utf8GetString(ReadOnlySpan<byte> bytes)
 #endif
         }
 
+        public static bool TryLookupUtf8Key<TValue>(
+            this Dictionary<string, TValue> dictionary,
+            ReadOnlySpan<byte> utf8Key,
+            [MaybeNullWhen(false)] out TValue result)
+        {
+#if NET9_0_OR_GREATER
+            Debug.Assert(dictionary.Comparer is IAlternateEqualityComparer<ReadOnlySpan<char>, string>);
+
+            Dictionary<string, TValue>.AlternateLookup<ReadOnlySpan<char>> spanLookup =
+                dictionary.GetAlternateLookup<string, TValue, ReadOnlySpan<char>>();
+
+            char[]? rentedBuffer = null;
+
+            Span<char> charBuffer = utf8Key.Length <= JsonConstants.StackallocCharThreshold ?
+                stackalloc char[JsonConstants.StackallocCharThreshold] :
+                (rentedBuffer = ArrayPool<char>.Shared.Rent(utf8Key.Length));
+
+            int charsWritten = Encoding.UTF8.GetChars(utf8Key, charBuffer);
+            Span<char> decodedKey = charBuffer[0..charsWritten];
+
+            bool success = spanLookup.TryGetValue(decodedKey, out result);
+
+            if (rentedBuffer != null)
+            {
+                decodedKey.Clear();
+                ArrayPool<char>.Shared.Return(rentedBuffer);
+            }
+
+            return success;
+#else
+            string key = Utf8GetString(utf8Key);
+            return dictionary.TryGetValue(key, out result);
+#endif
+        }
+
         /// <summary>
         /// Emulates Dictionary(IEnumerable{KeyValuePair}) on netstandard.
         /// </summary>
diff --git a/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Converters/Object/ObjectDefaultConverter.cs b/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Converters/Object/ObjectDefaultConverter.cs
index c235fa4533937d..ee374daf4ec2d5 100644
--- a/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Converters/Object/ObjectDefaultConverter.cs
+++ b/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Converters/Object/ObjectDefaultConverter.cs
@@ -171,6 +171,7 @@ internal override bool OnTryRead(ref Utf8JsonReader reader, Type typeToConvert,
                         // Read method would have thrown if otherwise.
                         Debug.Assert(tokenType == JsonTokenType.PropertyName);
 
+                        jsonTypeInfo.ValidateCanBeUsedForPropertyMetadataSerialization();
                         ReadOnlySpan<byte> unescapedPropertyName = JsonSerializer.GetPropertyName(ref state, ref reader, options, out bool isAlreadyReadMetadataProperty);
                         if (isAlreadyReadMetadataProperty)
                         {
@@ -185,7 +186,6 @@ internal override bool OnTryRead(ref Utf8JsonReader reader, Type typeToConvert,
                             unescapedPropertyName,
                             ref state,
                             options,
-                            out byte[] _,
                             out bool useExtensionProperty);
 
                         state.Current.UseExtensionProperty = useExtensionProperty;
@@ -257,10 +257,10 @@ internal override bool OnTryRead(ref Utf8JsonReader reader, Type typeToConvert,
             Debug.Assert(obj != null);
             value = (T)obj;
 
-            // Check if we are trying to build the sorted cache.
-            if (state.Current.PropertyRefCache != null)
+            // Check if we are trying to update the UTF-8 property cache.
+            if (state.Current.PropertyRefCacheBuilder != null)
             {
-                jsonTypeInfo.UpdateSortedPropertyCache(ref state.Current);
+                jsonTypeInfo.UpdateUtf8PropertyCache(ref state.Current);
             }
 
             return true;
@@ -292,12 +292,12 @@ internal static void PopulatePropertiesFastPath(object obj, JsonTypeInfo jsonTyp
                 ReadOnlySpan<byte> unescapedPropertyName = JsonSerializer.GetPropertyName(ref state, ref reader, options, out bool isAlreadyReadMetadataProperty);
                 Debug.Assert(!isAlreadyReadMetadataProperty, "Only possible for types that can read metadata, which do not call into the fast-path method.");
 
+                jsonTypeInfo.ValidateCanBeUsedForPropertyMetadataSerialization();
                 JsonPropertyInfo jsonPropertyInfo = JsonSerializer.LookupProperty(
                     obj,
                     unescapedPropertyName,
                     ref state,
                     options,
-                    out byte[] _,
                     out bool useExtensionProperty);
 
                 ReadPropertyValue(obj, ref state, ref reader, jsonPropertyInfo, useExtensionProperty);
@@ -306,10 +306,10 @@ internal static void PopulatePropertiesFastPath(object obj, JsonTypeInfo jsonTyp
             jsonTypeInfo.OnDeserialized?.Invoke(obj);
             state.Current.ValidateAllRequiredPropertiesAreRead(jsonTypeInfo);
 
-            // Check if we are trying to build the sorted cache.
-            if (state.Current.PropertyRefCache != null)
+            // Check if we are trying to update the UTF-8 property cache.
+            if (state.Current.PropertyRefCacheBuilder != null)
             {
-                jsonTypeInfo.UpdateSortedPropertyCache(ref state.Current);
+                jsonTypeInfo.UpdateUtf8PropertyCache(ref state.Current);
             }
         }
 
diff --git a/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Converters/Object/ObjectWithParameterizedConstructorConverter.cs b/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Converters/Object/ObjectWithParameterizedConstructorConverter.cs
index d0d357903fc4ab..6ae225b57457fb 100644
--- a/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Converters/Object/ObjectWithParameterizedConstructorConverter.cs
+++ b/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Converters/Object/ObjectWithParameterizedConstructorConverter.cs
@@ -255,10 +255,10 @@ internal sealed override bool OnTryRead(ref Utf8JsonReader reader, Type typeToCo
             Debug.Assert(obj != null);
             value = (T)obj;
 
-            // Check if we are trying to build the sorted cache.
-            if (state.Current.PropertyRefCache != null)
+            // Check if we are trying to update the UTF-8 property cache.
+            if (state.Current.PropertyRefCacheBuilder != null)
             {
-                state.Current.JsonTypeInfo.UpdateSortedPropertyCache(ref state.Current);
+                jsonTypeInfo.UpdateUtf8PropertyCache(ref state.Current);
             }
 
             return true;
@@ -603,13 +603,9 @@ protected static bool TryLookupConstructorParameter(
                 unescapedPropertyName,
                 ref state,
                 options,
-                out byte[] utf8PropertyName,
                 out bool useExtensionProperty,
                 createExtensionProperty: false);
 
-            // For case insensitive and missing property support of JsonPath, remember the value on the temporary stack.
-            state.Current.JsonPropertyName = utf8PropertyName;
-
             jsonParameterInfo = jsonPropertyInfo.AssociatedParameter;
             if (jsonParameterInfo != null)
             {
diff --git a/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/JsonSerializer.Read.HandlePropertyName.cs b/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/JsonSerializer.Read.HandlePropertyName.cs
index cf26e662c3370a..64a9de11e893a7 100644
--- a/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/JsonSerializer.Read.HandlePropertyName.cs
+++ b/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/JsonSerializer.Read.HandlePropertyName.cs
@@ -21,17 +21,16 @@ internal static JsonPropertyInfo LookupProperty(
             ReadOnlySpan<byte> unescapedPropertyName,
             ref ReadStack state,
             JsonSerializerOptions options,
-            out byte[] utf8PropertyName,
             out bool useExtensionProperty,
             bool createExtensionProperty = true)
         {
             JsonTypeInfo jsonTypeInfo = state.Current.JsonTypeInfo;
             useExtensionProperty = false;
 
-            JsonPropertyInfo jsonPropertyInfo = jsonTypeInfo.GetProperty(
+            JsonPropertyInfo? jsonPropertyInfo = jsonTypeInfo.GetProperty(
                 unescapedPropertyName,
                 ref state.Current,
-                out utf8PropertyName);
+                out byte[] utf8PropertyName);
 
             // Increment PropertyIndex so GetProperty() checks the next property first when called again.
             state.Current.PropertyIndex++;
@@ -40,7 +39,7 @@ internal static JsonPropertyInfo LookupProperty(
             state.Current.JsonPropertyName = utf8PropertyName;
 
             // Handle missing properties
-            if (jsonPropertyInfo == JsonPropertyInfo.s_missingProperty)
+            if (jsonPropertyInfo is null)
             {
                 if (jsonTypeInfo.EffectiveUnmappedMemberHandling is JsonUnmappedMemberHandling.Disallow)
                 {
@@ -63,6 +62,11 @@ internal static JsonPropertyInfo LookupProperty(
                     jsonPropertyInfo = dataExtProperty;
                     useExtensionProperty = true;
                 }
+                else
+                {
+                    // Populate with a placeholder value required by JsonPath calculations
+                    jsonPropertyInfo = JsonPropertyInfo.s_missingProperty;
+                }
             }
 
             state.Current.JsonPropertyInfo = jsonPropertyInfo;
diff --git a/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/JsonPropertyInfo.cs b/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/JsonPropertyInfo.cs
index 0adea37c3c6f40..4077c89fe97894 100644
--- a/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/JsonPropertyInfo.cs
+++ b/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/JsonPropertyInfo.cs
@@ -800,12 +800,12 @@ public string Name
         /// <summary>
         /// Utf8 version of Name.
         /// </summary>
-        internal byte[] NameAsUtf8Bytes { get; set; } = null!;
+        internal byte[] NameAsUtf8Bytes { get; private set; } = null!;
 
         /// <summary>
         /// The escaped name passed to the writer.
         /// </summary>
-        internal byte[] EscapedNameSection { get; set; } = null!;
+        internal byte[] EscapedNameSection { get; private set; } = null!;
 
         /// <summary>
         /// Gets the <see cref="JsonSerializerOptions"/> value associated with the current contract instance.
diff --git a/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/JsonTypeInfo.Cache.cs b/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/JsonTypeInfo.Cache.cs
index ef778611fbd70d..13f0821f8b32d5 100644
--- a/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/JsonTypeInfo.Cache.cs
+++ b/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/JsonTypeInfo.Cache.cs
@@ -3,10 +3,7 @@
 
 using System.Collections.Generic;
 using System.Diagnostics;
-using System.Diagnostics.CodeAnalysis;
 using System.Runtime.CompilerServices;
-using System.Runtime.InteropServices;
-using System.Text.Json.Reflection;
 
 namespace System.Text.Json.Serialization.Metadata
 {
@@ -17,14 +14,6 @@ public abstract partial class JsonTypeInfo
         /// </summary>
         internal static readonly Type ObjectType = typeof(object);
 
-        // The length of the property name embedded in the key (in bytes).
-        // The key is a ulong (8 bytes) containing the first 7 bytes of the property name
-        // followed by a byte representing the length.
-        private const int PropertyNameKeyLength = 7;
-
-        // The limit to how many property names from the JSON are cached in _propertyRefsSorted before using PropertyCache.
-        private const int PropertyNameCountCacheThreshold = 64;
-
         // The number of parameters the deserialization constructor has. If this is not equal to ParameterCache.Count, this means
         // that not all parameters are bound to object properties, and an exception will be thrown if deserialization is attempted.
         internal int ParameterCount { get; private protected set; }
@@ -74,64 +63,38 @@ internal Dictionary<string, JsonPropertyInfo> PropertyIndex
 
         private Dictionary<string, JsonPropertyInfo>? _propertyIndex;
 
-        // Fast cache of properties by first JSON ordering; may not contain all properties. Accessed before PropertyCache.
-        // Use an array (instead of List<T>) for highest performance.
-        private volatile PropertyRef[]? _propertyRefsSorted;
-
-        [RequiresDynamicCode(JsonSerializer.SerializationRequiresDynamicCodeMessage)]
-        [RequiresUnreferencedCode(JsonSerializer.SerializationUnreferencedCodeMessage)]
-        internal JsonPropertyInfo CreatePropertyUsingReflection(Type propertyType, Type? declaringType)
-        {
-            JsonPropertyInfo jsonPropertyInfo;
-
-            if (Options.TryGetTypeInfoCached(propertyType, out JsonTypeInfo? jsonTypeInfo))
-            {
-                // If a JsonTypeInfo has already been cached for the property type,
-                // avoid reflection-based initialization by delegating construction
-                // of JsonPropertyInfo<T> construction to the property type metadata.
-                jsonPropertyInfo = jsonTypeInfo.CreateJsonPropertyInfo(declaringTypeInfo: this, declaringType, Options);
-            }
-            else
-            {
-                // Metadata for `propertyType` has not been registered yet.
-                // Use reflection to instantiate the correct JsonPropertyInfo<T>
-                Type propertyInfoType = typeof(JsonPropertyInfo<>).MakeGenericType(propertyType);
-                jsonPropertyInfo = (JsonPropertyInfo)propertyInfoType.CreateInstanceNoWrapExceptions(
-                    parameterTypes: new Type[] { typeof(Type), typeof(JsonTypeInfo), typeof(JsonSerializerOptions) },
-                    parameters: new object[] { declaringType ?? Type, this, Options })!;
-            }
-
-            Debug.Assert(jsonPropertyInfo.PropertyType == propertyType);
-            return jsonPropertyInfo;
-        }
-
         /// <summary>
-        /// Creates a JsonPropertyInfo whose property type matches the type of this JsonTypeInfo instance.
+        /// Stores a cache of UTF-8 encoded property names and their associated JsonPropertyInfo, if available.
+        /// Consulted before the <see cref="PropertyIndex" /> lookup to avoid added allocations and decoding costs.
+        /// The cache is grown on-demand appending encountered unbounded properties or alternative casings.
         /// </summary>
-        private protected abstract JsonPropertyInfo CreateJsonPropertyInfo(JsonTypeInfo declaringTypeInfo, Type? declaringType, JsonSerializerOptions options);
+        private PropertyRef[] _utf8PropertyCache = [];
 
-        // AggressiveInlining used although a large method it is only called from one location and is on a hot path.
+        /// <summary>
+        /// Defines the core property lookup logic for a given unescaped UTF-8 encoded property name.
+        /// </summary>
         [MethodImpl(MethodImplOptions.AggressiveInlining)]
-        internal JsonPropertyInfo GetProperty(
-            ReadOnlySpan<byte> propertyName,
-            ref ReadStackFrame frame,
-            out byte[] utf8PropertyName)
+        internal JsonPropertyInfo? GetProperty(ReadOnlySpan<byte> propertyName, ref ReadStackFrame frame, out byte[] utf8PropertyName)
         {
-            PropertyRef propertyRef;
+            Debug.Assert(IsConfigured);
 
-            ValidateCanBeUsedForPropertyMetadataSerialization();
-            ulong key = GetKey(propertyName);
+            // The logic can be broken up into roughly three stages:
+            // 1. Look up the UTF-8 property cache for potential exact matches in the encoding.
+            // 2. If no match is found, decode to UTF-16 and look up the primary dictionary.
+            // 3. Store the new result for potential inclusion to the UTF-8 cache once deserialization is complete.
 
-            // Keep a local copy of the cache in case it changes by another thread.
-            PropertyRef[]? localPropertyRefsSorted = _propertyRefsSorted;
+            PropertyRef[] utf8PropertyCache = _utf8PropertyCache; // Keep a local copy of the cache in case it changes by another thread.
+            ReadOnlySpan<PropertyRef> utf8PropertyCacheSpan = utf8PropertyCache;
+            ulong key = PropertyRef.GetKey(propertyName);
 
-            // If there is an existing cache, then use it.
-            if (localPropertyRefsSorted != null)
+            if (!utf8PropertyCacheSpan.IsEmpty)
             {
+                PropertyRef propertyRef;
+
                 // Start with the current property index, and then go forwards\backwards.
                 int propertyIndex = frame.PropertyIndex;
 
-                int count = localPropertyRefsSorted.Length;
+                int count = utf8PropertyCacheSpan.Length;
                 int iForward = Math.Min(propertyIndex, count);
                 int iBackward = iForward - 1;
 
@@ -139,10 +102,10 @@ internal JsonPropertyInfo GetProperty(
                 {
                     if (iForward < count)
                     {
-                        propertyRef = localPropertyRefsSorted[iForward];
-                        if (IsPropertyRefEqual(propertyRef, propertyName, key))
+                        propertyRef = utf8PropertyCacheSpan[iForward];
+                        if (propertyRef.Equals(propertyName, key))
                         {
-                            utf8PropertyName = propertyRef.NameFromJson;
+                            utf8PropertyName = propertyRef.Utf8PropertyName;
                             return propertyRef.Info;
                         }
 
@@ -150,10 +113,10 @@ internal JsonPropertyInfo GetProperty(
 
                         if (iBackward >= 0)
                         {
-                            propertyRef = localPropertyRefsSorted[iBackward];
-                            if (IsPropertyRefEqual(propertyRef, propertyName, key))
+                            propertyRef = utf8PropertyCacheSpan[iBackward];
+                            if (propertyRef.Equals(propertyName, key))
                             {
-                                utf8PropertyName = propertyRef.NameFromJson;
+                                utf8PropertyName = propertyRef.Utf8PropertyName;
                                 return propertyRef.Info;
                             }
 
@@ -162,10 +125,10 @@ internal JsonPropertyInfo GetProperty(
                     }
                     else if (iBackward >= 0)
                     {
-                        propertyRef = localPropertyRefsSorted[iBackward];
-                        if (IsPropertyRefEqual(propertyRef, propertyName, key))
+                        propertyRef = utf8PropertyCacheSpan[iBackward];
+                        if (propertyRef.Equals(propertyName, key))
                         {
-                            utf8PropertyName = propertyRef.NameFromJson;
+                            utf8PropertyName = propertyRef.Utf8PropertyName;
                             return propertyRef.Info;
                         }
 
@@ -180,176 +143,49 @@ internal JsonPropertyInfo GetProperty(
             }
 
             // No cached item was found. Try the main dictionary which has all of the properties.
-            if (PropertyIndex.TryGetValue(JsonHelpers.Utf8GetString(propertyName), out JsonPropertyInfo? info))
+            if (PropertyIndex.TryLookupUtf8Key(propertyName, out JsonPropertyInfo? info) &&
+                (!Options.PropertyNameCaseInsensitive || propertyName.SequenceEqual(info.NameAsUtf8Bytes)))
             {
-                Debug.Assert(info != null, "PropertyCache contains null JsonPropertyInfo");
-
-                if (Options.PropertyNameCaseInsensitive)
-                {
-                    if (propertyName.SequenceEqual(info.NameAsUtf8Bytes))
-                    {
-                        // Use the existing byte[] reference instead of creating another one.
-                        utf8PropertyName = info.NameAsUtf8Bytes!;
-                    }
-                    else
-                    {
-                        // Make a copy of the original Span.
-                        utf8PropertyName = propertyName.ToArray();
-                    }
-                }
-                else
-                {
-                    utf8PropertyName = info.NameAsUtf8Bytes;
-                }
+                // We have an exact match in UTF8 encoding.
+                utf8PropertyName = info.NameAsUtf8Bytes;
             }
             else
             {
-                info = JsonPropertyInfo.s_missingProperty;
-
                 // Make a copy of the original Span.
                 utf8PropertyName = propertyName.ToArray();
             }
 
-            // Check if we should add this to the cache.
-            // Only cache up to a threshold length and then just use the dictionary when an item is not found in the cache.
-            int cacheCount = 0;
-            if (localPropertyRefsSorted != null)
-            {
-                cacheCount = localPropertyRefsSorted.Length;
-            }
+            // Assuming there is capacity, store the new result for potential
+            // inclusion to the UTF-8 cache once deserialization is complete.
 
-            // Do a quick check for the stable (after warm-up) case.
-            if (cacheCount < PropertyNameCountCacheThreshold)
+            ref PropertyRefCacheBuilder? cacheBuilder = ref frame.PropertyRefCacheBuilder;
+            if ((cacheBuilder?.TotalCount ?? utf8PropertyCache.Length) < PropertyRefCacheBuilder.MaxCapacity)
             {
-                // Do a slower check for the warm-up case.
-                if (frame.PropertyRefCache != null)
-                {
-                    cacheCount += frame.PropertyRefCache.Count;
-                }
-
-                // Check again to append the cache up to the threshold.
-                if (cacheCount < PropertyNameCountCacheThreshold)
-                {
-                    frame.PropertyRefCache ??= new List<PropertyRef>();
-
-                    Debug.Assert(info != null);
-
-                    propertyRef = new PropertyRef(key, info, utf8PropertyName);
-                    frame.PropertyRefCache.Add(propertyRef);
-                }
+                (cacheBuilder ??= new(utf8PropertyCache)).TryAdd(new(key, info, utf8PropertyName));
             }
 
             return info;
         }
 
-        [MethodImpl(MethodImplOptions.AggressiveInlining)]
-        private static bool IsPropertyRefEqual(in PropertyRef propertyRef, ReadOnlySpan<byte> propertyName, ulong key)
-        {
-            if (key == propertyRef.Key)
-            {
-                // We compare the whole name, although we could skip the first 7 bytes (but it's not any faster)
-                if (propertyName.Length <= PropertyNameKeyLength ||
-                    propertyName.SequenceEqual(propertyRef.NameFromJson))
-                {
-                    return true;
-                }
-            }
-
-            return false;
-        }
-
         /// <summary>
-        /// Get a key from the property name.
-        /// The key consists of the first 7 bytes of the property name and then the length.
+        /// Attempts to update the UTF-8 property cache with the results gathered in the current deserialization operation.
+        /// The update operation is done optimistically and results are discarded if the cache was updated by another thread.
         /// </summary>
-        // AggressiveInlining used since this method is only called from two locations and is on a hot path.
-        [MethodImpl(MethodImplOptions.AggressiveInlining)]
-        internal static ulong GetKey(ReadOnlySpan<byte> name)
-        {
-            ulong key;
-
-            ref byte reference = ref MemoryMarshal.GetReference(name);
-            int length = name.Length;
-
-            if (length > 7)
-            {
-                key = Unsafe.ReadUnaligned<ulong>(ref reference) & 0x00ffffffffffffffL;
-                key |= (ulong)Math.Min(length, 0xff) << 56;
-            }
-            else
-            {
-                key =
-                    length > 5 ? Unsafe.ReadUnaligned<uint>(ref reference) | (ulong)Unsafe.ReadUnaligned<ushort>(ref Unsafe.Add(ref reference, 4)) << 32 :
-                    length > 3 ? Unsafe.ReadUnaligned<uint>(ref reference) :
-                    length > 1 ? Unsafe.ReadUnaligned<ushort>(ref reference) : 0UL;
-                key |= (ulong)length << 56;
-
-                if ((length & 1) != 0)
-                {
-                    var offset = length - 1;
-                    key |= (ulong)Unsafe.Add(ref reference, offset) << (offset * 8);
-                }
-            }
-
-#if DEBUG
-            // Verify key contains the embedded bytes as expected.
-            // Note: the expected properties do not hold true on big-endian platforms
-            if (BitConverter.IsLittleEndian)
-            {
-                const int BitsInByte = 8;
-                Debug.Assert(
-                    // Verify embedded property name.
-                    (name.Length < 1 || name[0] == ((key & ((ulong)0xFF << BitsInByte * 0)) >> BitsInByte * 0)) &&
-                    (name.Length < 2 || name[1] == ((key & ((ulong)0xFF << BitsInByte * 1)) >> BitsInByte * 1)) &&
-                    (name.Length < 3 || name[2] == ((key & ((ulong)0xFF << BitsInByte * 2)) >> BitsInByte * 2)) &&
-                    (name.Length < 4 || name[3] == ((key & ((ulong)0xFF << BitsInByte * 3)) >> BitsInByte * 3)) &&
-                    (name.Length < 5 || name[4] == ((key & ((ulong)0xFF << BitsInByte * 4)) >> BitsInByte * 4)) &&
-                    (name.Length < 6 || name[5] == ((key & ((ulong)0xFF << BitsInByte * 5)) >> BitsInByte * 5)) &&
-                    (name.Length < 7 || name[6] == ((key & ((ulong)0xFF << BitsInByte * 6)) >> BitsInByte * 6)) &&
-                    // Verify embedded length.
-                    (name.Length >= 0xFF || (key & ((ulong)0xFF << BitsInByte * 7)) >> BitsInByte * 7 == (ulong)name.Length) &&
-                    (name.Length < 0xFF || (key & ((ulong)0xFF << BitsInByte * 7)) >> BitsInByte * 7 == 0xFF),
-                    "Embedded bytes not as expected");
-            }
-#endif
-
-            return key;
-        }
-
-        internal void UpdateSortedPropertyCache(ref ReadStackFrame frame)
+        internal void UpdateUtf8PropertyCache(ref ReadStackFrame frame)
         {
-            Debug.Assert(frame.PropertyRefCache != null);
+            Debug.Assert(frame.PropertyRefCacheBuilder is { Count: > 0 });
 
-            // frame.PropertyRefCache is only read\written by a single thread -- the thread performing
-            // the deserialization for a given object instance.
+            PropertyRef[]? currentCache = _utf8PropertyCache;
+            PropertyRefCacheBuilder cacheBuilder = frame.PropertyRefCacheBuilder;
 
-            List<PropertyRef> listToAppend = frame.PropertyRefCache;
-
-            // _propertyRefsSorted can be accessed by multiple threads, so replace the reference when
-            // appending to it. No lock() is necessary.
-
-            if (_propertyRefsSorted != null)
-            {
-                List<PropertyRef> replacementList = new List<PropertyRef>(_propertyRefsSorted);
-                Debug.Assert(replacementList.Count <= PropertyNameCountCacheThreshold);
-
-                // Verify replacementList will not become too large.
-                while (replacementList.Count + listToAppend.Count > PropertyNameCountCacheThreshold)
-                {
-                    // This code path is rare; keep it simple by using RemoveAt() instead of RemoveRange() which requires calculating index\count.
-                    listToAppend.RemoveAt(listToAppend.Count - 1);
-                }
-
-                // Add the new items; duplicates are possible but that is tolerated during property lookup.
-                replacementList.AddRange(listToAppend);
-                _propertyRefsSorted = replacementList.ToArray();
-            }
-            else
+            if (currentCache == cacheBuilder.OriginalCache)
             {
-                _propertyRefsSorted = listToAppend.ToArray();
+                PropertyRef[] newCache = cacheBuilder.ToArray();
+                Debug.Assert(newCache.Length <= PropertyRefCacheBuilder.MaxCapacity);
+                _utf8PropertyCache = cacheBuilder.ToArray();
             }
 
-            frame.PropertyRefCache = null;
+            frame.PropertyRefCacheBuilder = null;
         }
     }
 }
diff --git a/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/JsonTypeInfo.cs b/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/JsonTypeInfo.cs
index f337adcb567b0c..b647ea4384b1d6 100644
--- a/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/JsonTypeInfo.cs
+++ b/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/JsonTypeInfo.cs
@@ -966,7 +966,7 @@ internal static JsonTypeInfo CreateJsonTypeInfo(Type type, JsonConverter convert
             {
                 Type jsonTypeInfoType = typeof(JsonTypeInfo<>).MakeGenericType(type);
                 jsonTypeInfo = (JsonTypeInfo)jsonTypeInfoType.CreateInstanceNoWrapExceptions(
-                    parameterTypes: new Type[] { typeof(JsonConverter), typeof(JsonSerializerOptions) },
+                    parameterTypes: [typeof(JsonConverter), typeof(JsonSerializerOptions)],
                     parameters: new object[] { converter, options })!;
             }
 
@@ -1009,6 +1009,38 @@ public JsonPropertyInfo CreateJsonPropertyInfo(Type propertyType, string name)
             return propertyInfo;
         }
 
+        [RequiresDynamicCode(JsonSerializer.SerializationRequiresDynamicCodeMessage)]
+        [RequiresUnreferencedCode(JsonSerializer.SerializationUnreferencedCodeMessage)]
+        internal JsonPropertyInfo CreatePropertyUsingReflection(Type propertyType, Type? declaringType)
+        {
+            JsonPropertyInfo jsonPropertyInfo;
+
+            if (Options.TryGetTypeInfoCached(propertyType, out JsonTypeInfo? jsonTypeInfo))
+            {
+                // If a JsonTypeInfo has already been cached for the property type,
+                // avoid reflection-based initialization by delegating construction
+                // of JsonPropertyInfo<T> construction to the property type metadata.
+                jsonPropertyInfo = jsonTypeInfo.CreateJsonPropertyInfo(declaringTypeInfo: this, declaringType, Options);
+            }
+            else
+            {
+                // Metadata for `propertyType` has not been registered yet.
+                // Use reflection to instantiate the correct JsonPropertyInfo<T>
+                Type propertyInfoType = typeof(JsonPropertyInfo<>).MakeGenericType(propertyType);
+                jsonPropertyInfo = (JsonPropertyInfo)propertyInfoType.CreateInstanceNoWrapExceptions(
+                    parameterTypes: [typeof(Type), typeof(JsonTypeInfo), typeof(JsonSerializerOptions)],
+                    parameters: new object[] { declaringType ?? Type, this, Options })!;
+            }
+
+            Debug.Assert(jsonPropertyInfo.PropertyType == propertyType);
+            return jsonPropertyInfo;
+        }
+
+        /// <summary>
+        /// Creates a JsonPropertyInfo whose property type matches the type of this JsonTypeInfo instance.
+        /// </summary>
+        private protected abstract JsonPropertyInfo CreateJsonPropertyInfo(JsonTypeInfo declaringTypeInfo, Type? declaringType, JsonSerializerOptions options);
+
         private protected Dictionary<ParameterLookupKey, JsonParameterInfoValues>? _parameterInfoValuesIndex;
 
         // Untyped, root-level serialization methods
diff --git a/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/PropertyRef.cs b/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/PropertyRef.cs
index a3e0a2aa4af58c..d1f4c0afaf8dc9 100644
--- a/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/PropertyRef.cs
+++ b/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/PropertyRef.cs
@@ -1,21 +1,100 @@
 // Licensed to the .NET Foundation under one or more agreements.
 // The .NET Foundation licenses this file to you under the MIT license.
 
+using System.Diagnostics;
+using System.Runtime.CompilerServices;
+using System.Runtime.InteropServices;
+
 namespace System.Text.Json.Serialization.Metadata
 {
-    internal readonly struct PropertyRef
+    /// <summary>
+    /// Represents a UTF-8 encoded JSON property name and its associated <see cref="JsonPropertyInfo"/>, if available.
+    /// PropertyRefs use byte sequence equality, so equal JSON strings with alternate encodings or casings are not equal.
+    /// Used as a first-level cache for property lookups before falling back to UTF decoding and string comparison.
+    /// </summary>
+    internal readonly struct PropertyRef(ulong key, JsonPropertyInfo? info, byte[] utf8PropertyName) : IEquatable<PropertyRef>
     {
-        public PropertyRef(ulong key, JsonPropertyInfo info, byte[] nameFromJson)
+        // The length of the property name embedded in the key (in bytes).
+        // The key is a ulong (8 bytes) containing the first 7 bytes of the property name
+        // followed by a byte representing the length.
+        private const int PropertyNameKeyLength = 7;
+
+        /// <summary>
+        /// A custom hashcode produced from the UTF-8 encoded property name.
+        /// </summary>
+        public readonly ulong Key = key;
+
+        /// <summary>
+        /// The <see cref="JsonPropertyInfo"/> associated with the property name, if available.
+        /// </summary>
+        public readonly JsonPropertyInfo? Info = info;
+
+        /// <summary>
+        /// Caches a heap allocated copy of the UTF-8 encoded property name.
+        /// </summary>
+        public readonly byte[] Utf8PropertyName = utf8PropertyName;
+
+        public bool Equals(PropertyRef other) => Equals(other.Utf8PropertyName, other.Key);
+        public override bool Equals(object? obj) => obj is PropertyRef other && Equals(other);
+        public override int GetHashCode() => Key.GetHashCode();
+
+        [MethodImpl(MethodImplOptions.AggressiveInlining)]
+        public bool Equals(ReadOnlySpan<byte> propertyName, ulong key)
         {
-            Key = key;
-            Info = info;
-            NameFromJson = nameFromJson;
+            // If the property name is less than 8 bytes, it is embedded in the key so no further comparison is necessary.
+            return key == Key && (propertyName.Length <= PropertyNameKeyLength || propertyName.SequenceEqual(Utf8PropertyName));
         }
 
-        public readonly ulong Key;
-        public readonly JsonPropertyInfo Info;
+        /// <summary>
+        /// Get a key from the property name.
+        /// The key consists of the first 7 bytes of the property name and then the least significant bits of the length.
+        /// </summary>
+        [MethodImpl(MethodImplOptions.AggressiveInlining)]
+        public static ulong GetKey(ReadOnlySpan<byte> name)
+        {
+            ref byte reference = ref MemoryMarshal.GetReference(name);
+            int length = name.Length;
+            ulong key = (ulong)(byte)length << 56;
+
+            switch (length)
+            {
+                case 0: goto ComputedKey;
+                case 1: goto OddLength;
+                case 2: key |= Unsafe.ReadUnaligned<ushort>(ref reference); goto ComputedKey;
+                case 3: key |= Unsafe.ReadUnaligned<ushort>(ref reference); goto OddLength;
+                case 4: key |= Unsafe.ReadUnaligned<uint>(ref reference); goto ComputedKey;
+                case 5: key |= Unsafe.ReadUnaligned<uint>(ref reference); goto OddLength;
+                case 6: key |= Unsafe.ReadUnaligned<uint>(ref reference) | (ulong)Unsafe.ReadUnaligned<ushort>(ref Unsafe.Add(ref reference, 4)) << 32; goto ComputedKey;
+                case 7: key |= Unsafe.ReadUnaligned<uint>(ref reference) | (ulong)Unsafe.ReadUnaligned<ushort>(ref Unsafe.Add(ref reference, 4)) << 32; goto OddLength;
+                default: key |= Unsafe.ReadUnaligned<ulong>(ref reference) & 0x00ffffffffffffffL; goto ComputedKey;
+            }
 
-        // NameFromJson may be different than Info.NameAsUtf8Bytes when case insensitive is enabled.
-        public readonly byte[] NameFromJson;
+        OddLength:
+            int offset = length - 1;
+            key |= (ulong)Unsafe.Add(ref reference, offset) << (offset * 8);
+
+        ComputedKey:
+#if DEBUG
+            // Verify key contains the embedded bytes as expected.
+            // Note: the expected properties do not hold true on big-endian platforms
+            if (BitConverter.IsLittleEndian)
+            {
+                const int BitsInByte = 8;
+                Debug.Assert(
+                    // Verify embedded property name.
+                    (name.Length < 1 || name[0] == ((key & ((ulong)0xFF << BitsInByte * 0)) >> BitsInByte * 0)) &&
+                    (name.Length < 2 || name[1] == ((key & ((ulong)0xFF << BitsInByte * 1)) >> BitsInByte * 1)) &&
+                    (name.Length < 3 || name[2] == ((key & ((ulong)0xFF << BitsInByte * 2)) >> BitsInByte * 2)) &&
+                    (name.Length < 4 || name[3] == ((key & ((ulong)0xFF << BitsInByte * 3)) >> BitsInByte * 3)) &&
+                    (name.Length < 5 || name[4] == ((key & ((ulong)0xFF << BitsInByte * 4)) >> BitsInByte * 4)) &&
+                    (name.Length < 6 || name[5] == ((key & ((ulong)0xFF << BitsInByte * 5)) >> BitsInByte * 5)) &&
+                    (name.Length < 7 || name[6] == ((key & ((ulong)0xFF << BitsInByte * 6)) >> BitsInByte * 6)) &&
+                    // Verify embedded length.
+                    (key & ((ulong)0xFF << BitsInByte * 7)) >> BitsInByte * 7 == (byte)name.Length,
+                    "Embedded bytes not as expected");
+            }
+#endif
+            return key;
+        }
     }
 }
diff --git a/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/PropertyRefCacheBuilder.cs b/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/PropertyRefCacheBuilder.cs
new file mode 100644
index 00000000000000..7aacd45beb5975
--- /dev/null
+++ b/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/Metadata/PropertyRefCacheBuilder.cs
@@ -0,0 +1,36 @@
+// Licensed to the .NET Foundation under one or more agreements.
+// The .NET Foundation licenses this file to you under the MIT license.
+
+using System.Collections.Generic;
+using System.Diagnostics;
+
+namespace System.Text.Json.Serialization.Metadata
+{
+    /// <summary>
+    /// Defines builder type for constructing updated <see cref="PropertyRef"/> caches.
+    /// </summary>
+    internal sealed class PropertyRefCacheBuilder(PropertyRef[] originalCache)
+    {
+        public const int MaxCapacity = 64;
+        private readonly List<PropertyRef> _propertyRefs = [];
+        private readonly HashSet<PropertyRef> _added = [];
+
+        /// <summary>
+        /// Stores a reference to the original cache off which the current list is being built.
+        /// </summary>
+        public readonly PropertyRef[] OriginalCache = originalCache;
+        public int Count => _propertyRefs.Count;
+        public int TotalCount => OriginalCache.Length + _propertyRefs.Count;
+        public PropertyRef[] ToArray() => [.. OriginalCache, .. _propertyRefs];
+
+        public void TryAdd(PropertyRef propertyRef)
+        {
+            Debug.Assert(TotalCount < MaxCapacity, "Should have been checked by the caller.");
+
+            if (_added.Add(propertyRef))
+            {
+                _propertyRefs.Add(propertyRef);
+            }
+        }
+    }
+}
diff --git a/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/ReadStackFrame.cs b/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/ReadStackFrame.cs
index 065e03ed4c6e9d..0c973ea2b2350c 100644
--- a/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/ReadStackFrame.cs
+++ b/src/libraries/System.Text.Json/src/System/Text/Json/Serialization/ReadStackFrame.cs
@@ -65,7 +65,9 @@ public JsonTypeInfo BaseJsonTypeInfo
 
         // For performance, we order the properties by the first deserialize and PropertyIndex helps find the right slot quicker.
         public int PropertyIndex;
-        public List<PropertyRef>? PropertyRefCache;
+
+        // Tracks newly encounentered UTF-8 encoded properties during the current deserialization, to be appended to the cache.
+        public PropertyRefCacheBuilder? PropertyRefCacheBuilder;
 
         // Holds relevant state when deserializing objects with parameterized constructors.
         public ArgumentState? CtorArgumentState;