Salt Lake City
Utah · Ranked #75 of 102 metros
35Crisis
Median Home Price
🏠$530K
Need $152K income
Median Rent
🔑$2K
Need $62K income
Housing Shortage
📉28,000
units needed
Building Permits
🔨14,000
annual
Median Income
💰$76K
Pop: 1,232,696
Rent Burden
⚠️31.0%
of renters paying >30%
Price Change (YoY)
📈+2.5%
Homeownership
🏡67.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Salt Lake City | National |
|---|---|---|
| Price-to-Income Ratio | 6.9x | 6.1x |
| Rent Burden | 31.0% | 31.5% |
| Homeownership Rate | 67.0% | 65.5% |
| YoY Price Change | +2.5% | +3.5% |
| YoY Rent Change | +1.5% | +2.8% |
| Mortgage Denial Rate | 11.0% | 13.5% |
| Eviction Rate | 3.5% | 3.6% |