Property Prices in Salt Lake City, UT, United States

Index Info
Price to Income Ratio: 5.78
Mortgage as Percentage of Income: 40.32%
Loan Affordability Index: 2.48
Price to Rent Ratio - City Centre: 24.73
Price to Rent Ratio - Outside of Centre: 13.89
Gross Rental Yield (City Centre): 4.04%
Gross Rental Yield (Outside of Centre): 7.20%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,300.95 $ 1,000.00-1,550.00
Apartment (1 bedroom) Outside of Centre 983.71 $ 850.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,073.63 $ 1,600.00-2,950.00
Apartment (3 bedrooms) Outside of Centre 1,519.05 $ 1,200.00-2,400.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 618.60 $ 399.14-1,337.99
Price per Square Feet to Buy Apartment Outside of Centre 259.28 $ 225.00-282.71
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,088.78 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.53 2.75-4.25

These data are based on 224 entries in the past 18 months from 46 different contributors.
Last update: June 2021

Sources and References
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