Property Prices in Salt Lake City, UT, United States

Index Info
Price to Income Ratio: 7.05
Mortgage as Percentage of Income: 50.38%
Loan Affordability Index: 1.98
Price to Rent Ratio - City Centre: 30.69
Price to Rent Ratio - Outside of Centre: 14.01
Gross Rental Yield (City Centre): 3.26%
Gross Rental Yield (Outside of Centre): 7.14%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,290.55 $ 950.00-1,550.00
Apartment (1 bedroom) Outside of Centre 996.58 $ 800.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,028.26 $ 1,500.00-2,800.00
Apartment (3 bedrooms) Outside of Centre 1,536.00 $ 1,200.00-2,100.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 757.03 $ 399.14-1,337.99
Price per Square Feet to Buy Apartment Outside of Centre 264.73 $ 256.57-282.71
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,897.70 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.79 2.75-4.50

These data are based on 240 entries in the past 18 months from 43 different contributors.
Last update: February 2021

Sources and References
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