Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$567,330+1.2% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 32% have cut their price
Income needed to buy, per year$122,985About 1.2× the local median income ($99,008): a stretch for a typical household
Days on market62 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.6%Zillow expects prices to rise slightly
The typical home in Salt Lake County, UT is worth $567,330, up 1.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $494,906, so the area is 14.6% overvalued. It is a buyer's market: homes take about 62 days to sell, listings are up 20% from a year ago, 32% of listings have had a price cut. Zillow expects prices to rise about 1.6% over the next year. A household needs about $122,985 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $99,008. Typical rent is $1,644 a month, or $2,507 for a house. In the latest IRS figures, 10,091 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$567,330
Change in 1 year
+1.2%
Overvalued %
+14.6%
Show 7 more
Fair home value
$494,906
Change in 5 years
+12.6%
Zillow forecast, next 12 months
+1.6%
Home value to income
5.7×
Monthly mortgage payment (20% down)
$3,075
Income needed to afford it
$122,985
Property tax rate
0.54%
Rent and investing
Typical rent
$1,644
Typical rent for houses
$2,507
Price-to-rent ratio
28.8×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,615
Gross rental yield
3.48%
Cap rate (estimate)
2.26%
Market activity
Listings vs a year ago
+19.7%
Days on market
62
Listings with a price cut
32.4%
Show 3 more
Homes for sale
3,608
Pending sales per 100 listings
26
Asking price per sq ft
$267
People and jobs
Median household income
$99,008
Population change (1 year)
+0.3%
Unemployment rate
3.8%
Show 4 more
Population
1,220,916
Income adjusted for cost of living
$98,125
Net moves in (IRS)
−10,091
Cost of living (US = 100)
100.9
Schools, risk and environment
School rating (1 to 10)
4.9
FEMA hazard risk score (0 to 100)
98.6
Unhealthy air days a year
16
Show 4 more
Flood risk score
92.9
Wildfire risk score
98.3
Walkability (1 to 20)
13.0
Road, rail and air noise
53 dB
Questions people ask
Is Salt Lake County, UT overvalued?
Home prices in Salt Lake County, UT are well above what local incomes have historically supported: fair value is about $494,906, so the area is 14.6% overvalued.
Is Salt Lake County, UT a buyer's or seller's market?
Salt Lake County, UT is a buyer's market: homes take about 62 days to sell, listings are up 20% from a year ago, 32% of listings have had a price cut.
Are home prices going down in Salt Lake County, UT?
Home values in Salt Lake County, UT are up 1.2% over the last year. Zillow's forecast for the next 12 months is +1.6%.
How much do you need to earn to buy a home in Salt Lake County, UT?
A household needs about $122,985 a year to afford the typical home in Salt Lake County, UT at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $99,008.