Property Prices in Salt Lake City, UT, United States

Index Info
Price to Income Ratio: 3.55
Mortgage as Percentage of Income: 28.52%
Loan Affordability Index: 3.51
Price to Rent Ratio - City Centre: 10.64
Price to Rent Ratio - Outside of Centre: 9.36
Gross Rental Yield (City Centre): 9.40%
Gross Rental Yield (Outside of Centre): 10.68%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,642.61 $ 1,300.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,298.86 $ 1,200.00-1,500.00
Apartment (3 bedrooms) in City Centre 2,803.48 $ 2,200.00-3,640.00
Apartment (3 bedrooms) Outside of Centre 2,182.33 $ 1,800.00-2,600.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 346.12 $ 300.00-450.00
Price per Square Feet to Buy Apartment Outside of Centre 239.14 $ 220.00-259.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,432.62 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.16 3.50-5.50

These data are based on 215 entries in the past 18 months from 44 different contributors.
Last update: March 2023

Sources and References
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