Property Prices in Salt Lake City, UT, United States

Index Info
Price to Income Ratio: 3.51
Mortgage as Percentage of Income: 31.47%
Loan Affordability Index: 3.18
Price to Rent Ratio - City Centre: 10.12
Price to Rent Ratio - Outside of Centre: 9.08
Gross Rental Yield (City Centre): 9.88%
Gross Rental Yield (Outside of Centre): 11.02%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,631.32 $ 1,300.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,376.07 $ 1,150.00-1,600.00
Apartment (3 bedrooms) in City Centre 2,750.00 $ 2,200.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,237.50 $ 1,800.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 324.95 $ 279.36-437.38
Price per Square Feet to Buy Apartment Outside of Centre 242.17 $ 189.00-263.01
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,344.53 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.52 6.00-6.80

These data are based on 175 entries in the past 18 months from 36 different contributors.
Last update: February 2025

Sources and References
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