Salt Lake City
Utah · Ranked #345 of 373 metros
35Crisis
💡
Housing in Salt Lake City costs 5.8× the median income, above the national average of 4.5×. The median home price is $548K and median rent is $1,639/month. Salt Lake City ranks #345 of 373 metros for affordability.
Median Home Price
🏠$548K
Need $152K income
Median Rent
🔑$1,639
Need $62K income
Housing Shortage
📉28,000
units needed
Building Permits
🔨14,000
annual
Median Income
💰$94K
Pop: 1,232,696
Rent Burden
⚠️31.0%
of renters paying >30%
Price Change (YoY)
📈+2.5%
Homeownership
🏡66.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Salt Lake City | National |
|---|---|---|
| Price-to-Income Ratio | 5.8x | 6.1x |
| Rent Burden | 31.0% | 31.5% |
| Homeownership Rate | 66.0% | 65.5% |
| YoY Price Change | +2.5% | +3.5% |
| YoY Rent Change | +1.5% | +2.8% |
| Mortgage Denial Rate | 11.0% | 13.5% |
| Eviction Rate | 3.5% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +63.3%Since 2000: +268.3%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,259/mo
1 Bedroom$1,456/mo
2 Bedroom$1,747/mo
3 Bedroom$2,333/mo
4 Bedroom$2,666/mo
Zillow Market Data
Home Value (ZHVI)
$559K
1yr: +1.7%5yr: +30.5%
Rent (ZORI)
$1,599/mo
1yr: -0.5%5yr: +24.5%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$437K
Active Inventory
591
Days on Market
61
Sold Above List
17.5%
Price Drops
26.2%