Salt Lake County, Utah Housing Market Prices
Salt Lake County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 10% above the Utah median More expensive than 82% of counties in Utah$549,866
-
Median rent 6% above the Utah median Among the 5 most expensive counties in Utah$1,592
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Salt Lake County | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $549,866 | $498,552 | $248,835 |
| Price Trend (Annual %) | 10.4% | 11.3% | 7.5% |
| Median Gross Rent | $1,592 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 6.4% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Salt Lake County is about 10% higher than in Utah. Rent is about 6% higher than the Utah average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Salt Lake County, up about 10.4% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Salt Lake County rose about 70.2% between 2015 and 2024, from $935 to $1,592. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Salt Lake County.
Buying the median-priced home in Salt Lake County costs roughly 28.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Salt Lake County. The price-to-rent ratio in Utah is about 27.8.
| Metric | Salt Lake County | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $549,866 | $498,552 | $248,835 |
| Median Household Income | $97,733 | $95,466 | $80,455 |
| Price-to-Income Ratio | 5.6 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Salt Lake County rose about 141.6%, while median household income rose about 65.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Salt Lake County | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.7% | 64.6% | 58.5% |
| Rental Rate | 32.1% | 27.3% | 31.2% |
| Vacancy Rate | 5.2% | 8.1% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Salt Lake County has a homeownership rate of 62.7%, lower than the Utah average of 64.6%. Its housing vacancy rate is 5.2%, compared with 8.1% in Utah.
Housing Stock
| Metric | Salt Lake County | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.77 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 1984 | 1989 | 1978 |
| Median Number of Rooms | 6.2 | 6.4 | 5.5 |
The typical housing unit in Salt Lake County was built around 1984. On average, 2.8 people live in a home with about 6.2 rooms, staying for about 13.0 years on average.
Salt Lake County, UT Housing Compared With Nearby Counties
Salt Lake County, UT is the largest of the 5 counties compared here, 1,196,263 residents against a local median of 319,987. Salt Lake County, UT's median home price, at $549,866, runs 22% above the $452,483 typical of the counties around it.
The counties themselves spread $430,606 on median home price, so Salt Lake County, UT sits at one end of an already wide local range rather than apart from it. Salt Lake County, UT has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Salt Lake County, UT | 1,196,263 | $549,866 #2/5 | $1,592 #3/5 | 66.1% #5/5 |
| Davis County, UT | 370,319 | $273,453 | $1,621 | 77.3% |
| Weber County, UT | 269,655 | $359,230 | $1,379 | 74.1% |
| Utah County, UT | 704,800 | $545,737 | $1,540 | 68.3% |
| Wasatch County, UT | 36,658 | $704,059 | $2,000 | 80.3% |
Frequently Asked Questions
Common questions about the housing market in Salt Lake County, Utah.
What is the median home price in Salt Lake County, Utah?
The median home price in Salt Lake County, Utah is $549,866, higher than the Utah average of $498,552.
What is the average home price in Salt Lake County, Utah?
The typical home price in Salt Lake County, Utah, reported as the median sale price, is $549,866. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Salt Lake County, Utah?
The median gross rent in Salt Lake County, Utah is $1,592 per month, higher than the Utah average of $1,495.
What was the median gross rent in Salt Lake County in 2020?
In 2020, the median gross rent in Salt Lake County, Utah was $1,175 per month.
What is the price-to-rent ratio in Salt Lake County, Utah?
The price-to-rent ratio in Salt Lake County, Utah is about 28.8, meaning it would take roughly 28.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Salt Lake County.
Are home prices or rent rising faster in Salt Lake County, Utah?
Both home prices and rent are rising in Salt Lake County, up about 10.4% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Salt Lake County, Utah?
62.7% of households in Salt Lake County, Utah own their home, lower than the Utah average of 64.6%.
What is the vacancy rate in Salt Lake County, Utah?
The housing vacancy rate in Salt Lake County, Utah is 5.2%, lower than the Utah average of 8.1%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →