Property Prices in Salt Lake City, UT, United States

Index Info
Price to Income Ratio: 3.26
Mortgage as Percentage of Income: 29.22%
Loan Affordability Index: 3.42
Price to Rent Ratio - City Centre: 9.53
Price to Rent Ratio - Outside of Centre: 8.73
Gross Rental Yield (City Centre): 10.49%
Gross Rental Yield (Outside of Centre): 11.45%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,646.94 $ 1,300.00-2,100.00
Apartment (1 bedroom) Outside of Centre 1,375.00 $ 1,200.00-1,600.00
Apartment (3 bedrooms) in City Centre 2,776.92 $ 2,200.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,212.50 $ 1,800.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 309.22 $ 200.00-500.00
Price per Square Feet to Buy Apartment Outside of Centre 231.75 $ 189.00-356.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,469.22 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.53 6.05-6.80

These data are based on 162 entries in the past 18 months from 35 different contributors.
Last update: December 2024

Sources and References
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