The Most Affordable Neighborhoods in Wasatch Hollow, Salt Lake City, UT by Home Value

 

Wasatch Hollow, Salt Lake City, UT Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Wasatch Hollow area can be challenging. Home prices in Wasatch Hollow are now at a median cost of $834,027, higher than the Salt Lake City average of $544,936.

The average cost of rent is $2,616/mo in Wasatch Hollow, primarily driven by the current value of real estate in the Wasatch Hollow area. In Wasatch Hollow, 24.01% of households rent, and 51.04% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Wasatch Hollow is $10,677 per month. Households that rent pay about 24.50% of their income on rent here. Wasatch Hollow’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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