West Valley City, UT
Salt Lake County · Pop. 147,534
Ranked #159 of 243 cities
34Crisis
Median Home Price
🏠$420K
2.5% YoY
Median Rent
🔑$1,500
2.0% YoY
Median Income
💰$62K
Rent Burden
📊31.0%
% of income to rent
Income to Buy
🏦$121K
annual income needed
Income to Rent
📝$60K
annual income needed
Price-to-Income
⚖️6.8x
Homeownership
🏡58.0%
Rent vs. Buy
Buy
$2,235/mo
Est. mortgage (7%, 20% down)
Need $121K/yr income
Rent
$1,500/mo
Median rent
Need $60K/yr income
How West Valley City Compares
| Metric | West Valley City | Utah | National |
|---|---|---|---|
| Home Price | $420K | $518K | $410K |
| Rent | $1,500 | $1,551 | $1,500 |
| Income | $62K | $93K | $75K |
| Rent Burden | 31.0% | 31.0% | 30.0% |
Key Takeaways
- • Home prices in West Valley City are 2% higher than the national average.
- • Rent is about average than the national average.
- • You need an income of $121K to comfortably buy a home here.
- • The homeownership rate is 58.0%, compared to 65.0% nationally.