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Salt Lake

Learn about the people, housing, costs and businesses in Salt Lake, Utah

Median Home$586,163
Median Rent$1,502/month
Population207,263
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services20% healthcare
Home Value Growth+6.3% over 2 years
Young Adults38% of residentstop 4% nationally
Renters54% of occupied units
NotableAmenity Score81/100 · highly walkable area
NotableTransit84/100 · excellent transit access
Salt Lake City
UT

Frequently Asked Questions

What are today's mortgage rates in Salt Lake?

As of today, the 30-year fixed mortgage rate for Salt Lake is approximately 6.842% (6.876% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Salt Lake?

The median home value in Salt Lake is $586k. The median monthly rent is $1,502. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Salt Lake?

Home values in Salt Lake have increased 6.3% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Salt Lake?

Based on a typical all-in ownership cost of $1,516/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $65k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Salt Lake is $85k/year.

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What industries drive the economy in Salt Lake?

The largest employment sectors in Salt Lake are public administration (24%) and healthcare (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.