Housing in Salt Lake City, Utah

The median home cost in Salt Lake City is $392,000. Home appreciation the last 10 years has been 52.8%. Home Appreciation in Salt Lake City is up 13.8%. Browse Salt Lake City Real Estate

Average Age of Homes

- The median age of Salt Lake City real estate is 58 years old

The Rental Market in Salt Lake City

- Renters make up 47.5% of the Salt Lake City population
- 1.9% of houses and apartments in Salt Lake City, are available to rent

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DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

HOUSING	Salt Lake City, Utah	United States
Median Home Age	60	40
Median Home Cost	$392,000	$231,200
Home Appr. Last 12 months	13.8%	6.7%
Home Appr. Last 5 yrs.	58.8%	35.6%
Home Appr. Last 10 yrs.	52.8%	27.4%
Property Tax Rate	$7.17	$11.78
Property Taxes Paid	$2,811	$2,724
Homes Owned	44.5%	56.0%
Housing Vacant	8.1%	12.2%
Homes Rented	47.4%	31.8%
AVERAGE RENT FOR HOME OR APARTMENT
Average Rent	$1,580	$1,470
Studio Apartment	$698	$821
1 Bedroom Home or Apartment	$857	$930
2 Bedroom Home or Apartment	$1,060	$1,148
3 Bedroom Home or Apartment	$1,498	$1,537
4 Bedroom Home or Apartment	$1,707	$1,791
VACANT HOUSING
Vacant For Rent	1.9%	2.1%
Vacant Rented	0.8%	0.5%
Vacant For Sale	1.0%	1.0%
Vacant Sold	0.4%	0.5%
Vacant Vacation	0.8%	4.0%
Vacant Other	3.2%	4.2%
VALUE OF OWNER-OCCUPIED HOUSING
Less Than $20,000	2.2%	3.5%
$20,000 to $39,999	0.9%	3.1%
$40,000 to $59,999	0.4%	3.9%
$60,000 to $79,999	0.7%	5.4%
$80,000 to $99,999	1.4%	6.3%
$100,000 to $149,999	10.5%	14.7%
$150,000 to $199,999	17.5%	14.6%
$200,000 to $299,999	24.0%	18.7%
$300,000 to $399,999	17.2%	11.0%
$400,000 to $499,999	9.6%	6.2%
$500,000 to $749,999	9.9%	7.0%
$750,000 to $999,999	3.5%	2.7%
$1,000,000 to $1,499,999	1.6%	1.5%
$1,500,000 to $1,999,999	0.3%	0.5%
$2,000,000 and over	0.5%	0.7%