Sandy, UT
Salt Lake County · Pop. 99,489
Ranked #165 of 243 cities
34Crisis
Median Home Price
🏠$480K
2.5% YoY
Median Rent
🔑$1,600
2.0% YoY
Median Income
💰$82K
Rent Burden
📊27.5%
% of income to rent
Income to Buy
🏦$138K
annual income needed
Income to Rent
📝$64K
annual income needed
Price-to-Income
⚖️5.9x
Homeownership
🏡72.0%
Rent vs. Buy
Buy
$2,555/mo
Est. mortgage (7%, 20% down)
Need $138K/yr income
Rent
$1,600/mo
Median rent
Need $64K/yr income
How Sandy Compares
| Metric | Sandy | Utah | National |
|---|---|---|---|
| Home Price | $480K | $518K | $410K |
| Rent | $1,600 | $1,551 | $1,500 |
| Income | $82K | $93K | $75K |
| Rent Burden | 27.5% | 31.0% | 30.0% |
Key Takeaways
- • Home prices in Sandy are 17% higher than the national average.
- • Rent is 7% higher than the national average.
- • You need an income of $138K to comfortably buy a home here.
- • The homeownership rate is 72.0%, compared to 65.0% nationally.