South Salt Lake, Utah Housing Market Prices
South Salt Lake 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 58% above the Utah median$789,790
-
Median rent 5% below the Utah median$1,425
Housing Market Overview
| Metric | South Salt Lake | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $789,790 | $498,552 | $248,835 |
| Price Trend (Annual %) | 22.3% | 11.3% | 7.5% |
| Median Gross Rent | $1,425 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 7.6% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in South Salt Lake is about 58% higher than in Utah. Rent is about 5% lower 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 South Salt Lake, up about 22.3% and 7.6% a year respectively. Home prices are changing faster.
Median rent in South Salt Lake rose about 80.7% between 2015 and 2024, from $788 to $1,425. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 11.3 yearly household incomes in South Salt Lake.
Buying the median-priced home in South Salt Lake costs roughly 46.2 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 South Salt Lake. The price-to-rent ratio in Utah is about 27.8.
| Metric | South Salt Lake | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $789,790 | $498,552 | $248,835 |
| Median Household Income | $70,087 | $95,466 | $80,455 |
| Price-to-Income Ratio | 11.3 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in South Salt Lake rose about 364.0%, while median household income rose about 75.5% 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 | South Salt Lake | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 31.8% | 64.6% | 58.5% |
| Rental Rate | 60.2% | 27.3% | 31.2% |
| Vacancy Rate | 8.1% | 8.1% | 10.2% |
| Median Tenure (years) | 8.0 | 13.0 | 15.0 |
| Median Year Moved In | 2018 | 2013 | 2011 |
South Salt Lake has a homeownership rate of 31.8%, lower than the Utah average of 64.6%. Its housing vacancy rate is 8.1%, compared with 8.1% in Utah.
Housing Stock
| Metric | South Salt Lake | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 1988 | 1989 | 1978 |
| Median Number of Rooms | 4.2 | 6.4 | 5.5 |
The typical housing unit in South Salt Lake was built around 1988. On average, 2.3 people live in a home with about 4.2 rooms, staying for about 8.0 years on average.
South Salt Lake, UT Housing Compared With Nearby Cities
South Salt Lake, UT is the smallest of the 4 cities compared here, 27,794 residents against a local median of 61,499. Where South Salt Lake, UT breaks from the cities next to it is median home price, sitting 48% above the local median of $534,801 at $789,790.
Homeownership tells the same story from another angle: 34.6% against a local median of 61.8%, 44% below it. The one measure here that carries a verdict is homeownership, and at 44% below the local median it puts South Salt Lake, UT at the weaker end of the local range. The cities themselves spread $243,976 on median home price, so South Salt Lake, UT sits at one end of an already wide local range rather than apart from it. South Salt Lake, UT has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| South Salt Lake, UT | 27,794 | $789,790 #1/4 | $1,425 #3/4 | 34.6% #4/4 |
| Taylorsville, UT | 61,499 | $534,801 | $1,495 | 69.5% |
| Millcreek, UT | 54,009 | $693,896 | $1,518 | 61.8% |
| Salt Lake City, UT | 213,141 | $449,920 | $1,415 | 46.4% |
Frequently Asked Questions
Common questions about the housing market in South Salt Lake, Utah.
What is the median home price in South Salt Lake, Utah?
The median home price in South Salt Lake, Utah is $789,790, higher than the Utah average of $498,552.
What is the average home price in South Salt Lake, Utah?
The typical home price in South Salt Lake, Utah, reported as the median sale price, is $789,790. 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 South Salt Lake, Utah?
The median gross rent in South Salt Lake, Utah is $1,425 per month, lower than the Utah average of $1,495.
What was the median gross rent in South Salt Lake in 2020?
In 2020, the median gross rent in South Salt Lake, Utah was $981 per month.
What is the price-to-rent ratio in South Salt Lake, Utah?
The price-to-rent ratio in South Salt Lake, Utah is about 46.2, meaning it would take roughly 46.2 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 South Salt Lake.
Are home prices or rent rising faster in South Salt Lake, Utah?
Both home prices and rent are rising in South Salt Lake, up about 22.3% and 7.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in South Salt Lake, Utah?
31.8% of households in South Salt Lake, Utah own their home, lower than the Utah average of 64.6%.
What is the vacancy rate in South Salt Lake, Utah?
The housing vacancy rate in South Salt Lake, Utah is 8.1%, about the same as the Utah average.
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 →