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Salt Lake County Housing Market

Utah · 29 counties · Ranked #3014 in home value

Above National Avg

Housing at a Glance

Median Home Value

$484,500

vs national+$484,500 vs $281,900 national

Median Gross Rent

$1,493/mo

vs national+$1,493 vs $1,163 national

Effective Tax Rate

0.56%

vs national0.56% vs 1.02% national

Median Household Income

$94,658

vs national+$94,658 vs $74,755 national

Affordability Ratio

5.1x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

29.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,726

Tax as % of Home Value

0.56%

Monthly Owner Cost

$1,668

Renter Income

$60,919

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Salt Lake County?

The median home value in Salt Lake County is $484,500. This is above the national median of $281,900.

How much is rent in Salt Lake County?

The median gross rent in Salt Lake County is $1,493 per month.

What is the property tax rate in Salt Lake County?

The effective property tax rate in Salt Lake County is 0.56%. The median annual property tax bill is $2,726.

Is Salt Lake County affordable?

With a home-value-to-income ratio of 5.1x, Salt Lake County is considered expensive compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.