Salt Lake City, UT is a great place for those looking to invest in real estate. The median value of housing in the area is currently $500,800, which is higher than the national median value of $338,100. Additionally, the house appreciation rate has been 8.33% over the past year, slightly higher than the US average of 8.27%. This makes Salt Lake City an ideal location to purchase a home and reap the benefits of its increasing value.
The median home cost in Salt Lake City is $500,800. Home appreciation the last 10 years has been 165.1%. Home Appreciation in Salt Lake City is up 15.0%.
Average Age of Homes
- The median age of Salt Lake City real estate is 60 years old
The Rental Market in Salt Lake City
- Renters make up 47.5% of the Salt Lake City population
- 2.4% of houses and apartments in Salt Lake City, are available to rent
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.