Property Prices in Salt Lake City, UT, United States

Index Info
Price to Income Ratio: 5.48
Mortgage as Percentage of Income: 40.00%
Loan Affordability Index: 2.50
Price to Rent Ratio - City Centre: 21.12
Price to Rent Ratio - Outside of Centre: 13.80
Gross Rental Yield (City Centre): 4.73%
Gross Rental Yield (Outside of Centre): 7.25%
Rent Per Month
[ Edit ] Range
Apartment (1 bedroom) in City Centre 1,299.26 $ 1,000.00-1,550.00
Apartment (1 bedroom) Outside of Centre 1,008.95 $ 850.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,007.14 $ 1,500.00-2,800.00
Apartment (3 bedrooms) Outside of Centre 1,547.83 $ 1,250.00-2,200.00
Buy Apartment Price
[ Edit ]
Price per Square Feet to Buy Apartment in City Centre 520.76 $ 386.71-1,337.99
Price per Square Feet to Buy Apartment Outside of Centre 263.44 $ 251.43-282.71
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 3,851.52 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.05 3.00-4.80

These data are based on 224 entries in the past 18 months from 40 different contributors.
Last update: November 2020

Sources and References
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