Property Prices in Salt Lake City, UT, United States

Index Info
Price to Income Ratio: 3.00
Mortgage as Percentage of Income: 26.86%
Loan Affordability Index: 3.72
Price to Rent Ratio - City Centre: 8.50
Price to Rent Ratio - Outside of Centre: 8.72
Gross Rental Yield (City Centre): 11.76%
Gross Rental Yield (Outside of Centre): 11.47%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,681.32 $ 1,300.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,356.15 $ 1,200.00-1,600.00
Apartment (3 bedrooms) in City Centre 2,732.53 $ 2,195.00-3,640.00
Apartment (3 bedrooms) Outside of Centre 2,260.53 $ 1,900.00-2,850.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 277.18 $ 200.00-350.00
Price per Square Feet to Buy Apartment Outside of Centre 231.75 $ 189.00-253.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,569.58 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.52 6.00-6.80

These data are based on 177 entries in the past 18 months from 34 different contributors.
Last update: May 2024

Sources and References
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