Salt Lake City, UT

Metro area in Utah · Updated Jan 2026

12-Month Forecast ↑ +0.8%

Median Home Value

$554,407

↑ +1.8%

Year-over-year

Median Rent

$1,581/mo

↓ -0.3%

Year-over-year

Rental Yield

3.4%

Average yield

5-Year Appreciation

+32.9%

Income Needed to Buy

$132,042

20% down, 30% DTI max

Active Listings

3,568

For-sale inventory

Price-to-Rent Ratio

29.2

Favors renting

Price Forecast

1 Month

↑ +0.2%

3 Months

↑ +0.3%

12 Months

↑ +0.8%

5-Year Price Trend

Calculate your mortgage for Salt Lake City, UT

See monthly payments for a $554,407 home →

Should you rent or buy in Salt Lake City, UT?

Price-to-rent ratio: 29.2x — Renting may be smarter. Run a full breakeven analysis with Salt Lake City, UT numbers pre-filled →

Frequently Asked Questions