Salt Lake City, UT (84116) has a median housing value of $410,900, which is higher than the US median housing value of $338,100. The one year house appreciation in Salt Lake City was 8.33%, slightly higher than the US median of 8.27%. This suggests that there is an increase in demand for real estate in this area as more people are looking to move here and take advantage of the lifestyle opportunities offered in this city. With its excellent job market and diverse entertainment options, it's understandable why so many people are drawn to living in Salt Lake City.
The median home cost in Salt Lake City (zip 84116) is $410,900. Home appreciation the last 10 years has been 165.1%. Home Appreciation in Salt Lake City (zip 84116) is up 15.0%.
Average Age of Homes
- The median age of Salt Lake City (zip 84116) real estate is 45 years old
The Rental Market in Salt Lake City (zip 84116)
- Renters make up 39.0% of the Salt Lake City (zip 84116) population
- 3.7% of houses and apartments in Salt Lake City (zip 84116), 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.