Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Downtown area can be challenging. Home prices in Downtown are now at a median cost of $359,706, lower than the Salt Lake City average of $378,100.
The average cost of rent is $1,185/mo in Downtown, primarily driven by the current value of real estate in the Downtown area. While nearly 32.33% of residents own their homes outright in Downtown, 68.23% rent.
Housing affordability isn’t just about home prices, though. The average household income in Downtown is $4,862 per month. Households that rent pay about 24.38% of their income on rent here. Downtown's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the neighborhood.
Nearby Neighborhoods
- Capitol Hill, Salt Lake City, UT: higher priced homes
- Central City, Salt Lake City, UT: equally priced homes
- Fairpark, Salt Lake City, UT: less expensive homes
- Central City Liberty Wells, Salt Lake City, UT: equally priced homes
- Poplar Grove, Salt Lake City, UT: less expensive homes
- People's Freeway, Salt Lake City, UT: less expensive homes
- The Avenues, Salt Lake City, UT: higher priced homes
- 9th and 9th, Salt Lake City, UT: higher priced homes
- East Central, Salt Lake City, UT: higher priced homes
- Glendale, Salt Lake City, UT: less expensive homes
Neighborhoods with Similar Populations
- Westhaven, Franklin, TN: higher priced homes
- Urbanizacion Rio Grande Estates, Rio Grande, PR: less expensive homes
- Villa de Loiza, Rio Grande, PR: less expensive homes
- Greenville South Broadway Historic District, Greenville, OH: less expensive homes
- Northport, Fargo, ND: less expensive homes
- Town Center, Oxnard, CA: higher priced homes
- Pear Orchard, Beaumont, TX: less expensive homes
- Meadowbrook Heights, Kansas City, MO: less expensive homes
- Northeast, Kansas City, KS: less expensive homes
- Downtown Detroit, Detroit, MI: higher priced homes
All Local Stats
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