Property Prices in Salt Lake City, UT, United States

Index Info
Price to Income Ratio: 4.67
Mortgage as Percentage of Income: 42.43%
Loan Affordability Index: 2.36
Price to Rent Ratio - City Centre: 13.95
Price to Rent Ratio - Outside of Centre: 10.81
Gross Rental Yield (City Centre): 7.17%
Gross Rental Yield (Outside of Centre): 9.25%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,761.47 $ 1,400.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,410.83 $ 1,200.00-2,000.00
Apartment (3 bedrooms) in City Centre 2,864.61 $ 2,200.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,398.69 $ 2,050.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 476.35 $ 270.00-799.99
Price per Square Feet to Buy Apartment Outside of Centre 301.28 $ 230.00-450.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,485.01 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.71 6.00-7.25

These data are based on 173 entries in the past 18 months from 38 different contributors.
Last update: November 2023

Sources and References
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