Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Salt Lake City area can be challenging. Home prices in Salt Lake City are now at a median cost of $378,100, higher than the Utah average of $361,191.
The average cost of rent is $1,433/mo in Salt Lake City, primarily driven by the current value of real estate in the Salt Lake City area. While nearly 28.37% of residents own their homes outright in Salt Lake City, 28.30% rent.
Housing affordability isn’t just about home prices, though. The average household income in Salt Lake City is $7,522 per month. Households that rent pay about 19.05% of their income on rent here. Salt Lake City's most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- South Salt Lake, UT: less expensive homes
- Holladay, UT: higher priced homes
- Murray, UT: less expensive homes
- North Salt Lake, UT: equally priced homes
- West Valley City, UT: less expensive homes
- Taylorsville, UT: less expensive homes
- Woods Cross, UT: less expensive homes
- Bountiful, UT: equally priced homes
- Midvale, UT: less expensive homes
- Cottonwood Heights, UT: higher priced homes
Cities with Similar Populations
- Escondido, CA: higher priced homes
- Columbus, IN: less expensive homes
- Charlotte, NC: less expensive homes
- Clearwater, FL: less expensive homes
- Clifton, NJ: equally priced homes
- Conyers, GA: less expensive homes
- Citrus Heights, CA: less expensive homes
- Columbia, MD: equally priced homes
- Cincinnati, OH: less expensive homes
- Columbia, MO: less expensive homes
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