House Charts

Salt Lake City Housing Market: Home Prices & Rent

Updated September 2026 data · metro area
Salt Lake City home values are up 1.1% over the past year, to a typical $559k - 2% below the June 2022 peak. Typical rent is $1,644 a month (+0.7% in a year).
Typical home value
$559k
+1.1% (+$5,841) in 12 months
From the peak
-2%
Peak $571k, Jun 2022
Since Dec 2019
+53%
from $366k
Typical rent
$1,644/mo
+0.7% in 12 months
Income needed to buy
$142k/yr
20% down, 30% of income
Days to go under contract
48
September 2026

Salt Lake City home values since 2000

$200k$300k$400k$500k$600k2000200420082012201620202024Peak $571k (Jun 2022)Now $559k

Last few years

$400k$500k20192020202120222023202420252026Peak $571k (Jun 2022)Now $559k

Rent in Salt Lake City

$1,000$1,200$1,400$1,600201520172019202120232025Now $1,644

Owning vs renting, monthly

Buying the typical Salt Lake City home with 20% down at this week's 7.32% 30-year rate costs about $3,770/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,644/month typical rent.

Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.

Salt Lake City vs Utah vs the U.S.

Typical home12-month changeTypical rent
This metro$559k+1.1%$1,644/mo
Utah$533k+1.2%-
United States$366k+1.2%$1,932/mo

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Common questions

Are home prices falling in Salt Lake City?

No - the typical Salt Lake City-area home value is up 1.1% over the past 12 months, at $559k (September 2026). Values are 2% below their June 2022 peak of $571k.

Is the Salt Lake City housing market crashing?

Home values are 2% below their June 2022 peak and up 1.1% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.

How much is rent in Salt Lake City?

Typical rent in the Salt Lake City metro is $1,644 a month (September 2026), +0.7% over 12 months.

How much income do you need to buy a home in Salt Lake City?

About $142k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).

Nearby and similar metros

Ogden, UT · Provo, UT · Denver, CO · Washington, VA · Sacramento, CA · Portland, OR

Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Salt Lake City, UT metro area. How we calculate.