Salt Lake City housing market
Typical home value
$559K
▲ 1.1% 1 yr
Typical rent
$1,644/mo
▲ 0.7% 1 yr
12-month forecast
+1.6%
#334 of 546 metros
Gross rent yield
3.5%
#536 of 546 · U.S. 6.3%
Days to pending
48 days
▲ +2 days 1 yr
Listings with a price cut
38%
▲ +1.8 pts 1 yr
Key takeaways
- 1The typical home is worth $558,850, up 1.1% in a year and up 12% over five years.
- 2Zillow forecasts home values rising 1.6% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,644/mo (+0.7% YoY), a 3.5% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $3,071/mo in principal and interest, $1,427 more than renting.
- 5Homes go under contract in 48 days (+2 days vs last year); 38% of listings have had a price cut.
Market temperature
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 21/100, #524 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Salt Lake City compares
| Measure | Salt Lake City | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +1.1% | +1.2% | #367 |
| Home value, 5-yr change | +12.3% | +19.7% | |
| 12-month forecast | +1.6% | +1.1% | #334 |
| Rent, 1-yr change | +0.7% | +2.7% | #490 |
| Gross rent yield | 3.5% | 6.3% | #536 |
| Price-to-rent ratio | 28.3 | 15.8 | |
| Mortgage P&I on typical home | $3,071 | $2,012 | |
| Income needed to buy | $142,041 | $100,902 | |
| Days to pending | 48 | 56 |
Cities in the Salt Lake City metro
16 cities with home value and rent data.
| Salt Lake City | $569K | ▲ 2.4% | $1,571 | ▲ 0.4% | 3.3% |
| West Valley City | $465K | ▲ 0.2% | $1,625 | ▲ 0.2% | 4.2% |
| West Jordan | $555K | ▲ 1.0% | $1,713 | ▲ 0.1% | 3.7% |
| Sandy | $657K | ▲ 2.0% | $1,719 | ▼ 0.1% | 3.1% |
| South Jordan | $661K | ▲ 1.1% | $2,131 | ▲ 2.5% | 3.9% |
| Taylorsville | $492K | ▲ 0.6% | $1,610 | ▼ 0.6% | 3.9% |
| Millcreek | $632K | ▲ 3.3% | $1,514 | ▲ 2.2% | 2.9% |
| Draper | $812K | ▲ 3.1% | $1,700 | ▲ 2.6% | 2.5% |
| Murray | $544K | ▲ 1.4% | $1,465 | ▲ 1.7% | 3.2% |
| Herriman | $603K | ▲ 0.5% | $1,913 | ▲ 0.4% | 3.8% |
| Riverton | $621K | ▲ 0.7% | $2,497 | ▲ 5.8% | 4.8% |
| Midvale | $482K | ▲ 0.2% | $1,606 | ▲ 0.1% | 4.0% |
| Cottonwood Heights | $776K | ▲ 3.4% | $1,758 | ▲ 0.3% | 2.7% |
| Holladay | $846K | ▲ 5.3% | $2,065 | ▲ 5.2% | 2.9% |
| South Salt Lake | $436K | ▲ 0.5% | $1,529 | ▲ 0.5% | 4.2% |
| Bluffdale | $616K | ▼ 0.8% | $2,177 | ▲ 3.9% | 4.2% |
Run the numbers
Rental property calculator
Cash flow on a typical Salt Lake City rental ($559K, $1,644/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Salt Lake City home.
Rent vs buy
Is it cheaper to rent or buy in Salt Lake City?
Other Utah metros
Ogden, UT
$509K home$1,631 rent3.8% yield
▲ 1.7% 1 yr
Provo, UT
$539K home$1,773 rent3.9% yield
▲ 1.4% 1 yr
St. George, UT
$525K home$1,848 rent4.2% yield
▼ 0.6% 1 yr
Logan, UT
$467K home$1,435 rent3.7% yield
▲ 3.0% 1 yr
Heber, UT
$1.14M home$2,978 rent3.1% yield
▲ 4.1% 1 yr
Cedar City, UT
$410K home$1,491 rent4.4% yield
▲ 2.4% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.