Housing in Salt Lake City, Utah

The median home cost in Salt Lake City is $354,300. Home appreciation the last 10 years has been 42.2%. 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
- 7.8% of houses and apartments in Salt Lake City, are unoccupied (vacancy rate)
- See the available apartments and rentals in Salt Lake City

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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.

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HOUSING	Salt Lake City, Utah	United States
Median Home Age	58	37
Median Home Cost	$354,300	$216,200
Home Appr. Last 12 months	13.77%	6.77%
Home Appr. Last 5 yrs.	62.99%	31.12%
Home Appr. Last 10 yrs.	42.23%	11.41%
Property Tax Rate	$7.41	$11.89
Homes Owned	44.67%	56.34%
Housing Vacant	7.80%	12.45%
Homes Rented	47.53%	31.21%
AVERAGE RENT FOR HOME OR APARTMENT
Studio Apartment	$690	$890
1 Bedroom Home or Apartment	$950	$990
2 Bedroom Home or Apartment	$1,290	$1,240
3 Bedroom Home or Apartment	$1,910	$1,660
4 Bedroom Home or Apartment	$2,280	$1,910
VACANT HOUSING
Vacant For Rent	2.52%	2.34%
Vacant Rented	0.56%	0.46%
Vacant For Sale	1.34%	1.20%
Vacant Sold	0.34%	0.46%
Vacant Vacation	0.90%	3.97%
Vacant Other	2.15%	4.02%
VALUE OF OWNER-OCCUPIED HOUSING
Less Than $20,000	4.03%	4.57%
$20,000 to $39,999	0.42%	3.37%
$40,000 to $59,999	0.37%	4.19%
$60,000 to $79,999	1.74%	5.74%
$80,000 to $99,999	2.39%	6.79%
$100,000 to $149,999	13.32%	15.19%
$150,000 to $199,999	17.39%	14.69%
$200,000 to $299,999	22.55%	18.15%
$300,000 to $399,999	14.83%	10.43%
$400,000 to $499,999	9.61%	5.70%
$500,000 to $749,999	8.96%	6.39%
$750,000 to $999,999	2.17%	2.41%
$1,000,000 or more	2.23%	2.39%