Salt Lake City, UT Metro Area is an attractive place for homeowners due to the high housing median value of $535,100 which is over $200,000 more than the US median value. Over the course of the past year, appreciation in this area has been higher than the national average with an increase of 11.04% compared to 8.27%. This makes Salt Lake City a desirable place for people looking to invest in housing.
The median home cost in Salt Lake City Metro Area is $535,100. Home appreciation the last 10 years has been 161.3%. Home Appreciation in Salt Lake City Metro Area is up 15.6%.
Average Age of Homes
- The median age of Salt Lake City Metro Area real estate is 37 years old
The Rental Market in Salt Lake City Metro Area
- Renters make up 31.0% of the Salt Lake City Metro Area population
- 1.8% of houses and apartments in Salt Lake City Metro Area, 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.