Salt Lake City, UT tech boom moderating after pandemic surge; strong long-term fundamentals as West Coast alternative. This report covers current market conditions, investment fundamentals, and key metrics for real estate buyers and investors.
Current Market Snapshot
Investment Analysis
With a gross yield of 4.4% and a median price of $485,000, Salt Lake City sits at the lower end of the yield spectrum. A typical 2-bedroom property rents for approximately $1,778/month based on HUD Fair Market Rent data.
The affordability index of 77 suggests housing costs exceed what the median household can comfortably afford — watch for affordability-driven demand moderation.
Market Temperature: Warm
With a median DOM of 42 days and approximately 2,900 active listings and balanced competition, Salt Lake City's market is currently classified as warm. Balanced conditions allow time for due diligence and negotiation.
Key Data Points
| Metric | Value |
|---|---|
| Median Sale Price | $485,000 |
| YoY Price Change | -1.2% |
| Median Days on Market | 42 days |
| Active Listings | 2,900 |
| Est. 2BR Fair Market Rent | $1,778/mo |
| Gross Rental Yield | 4.4% |
| Median Household Income | $82,000 |
| Affordability Index | 77 |
Getting Live Data via API
ZipMarketData provides live data for all ZIP codes within the Salt Lake City, UT metro. Use the /market-stats endpoint with any Salt Lake City ZIP code for the most current figures.