Housing
Home prices and rent in Salt Lake City
Median home values, rents and incomes from the U.S. Census Bureau, compared with Utah and the U.S.
Census geography: Salt Lake City city, Utah. These survey estimates are not current listing prices.
Salt Lake City vs. Utah and the U.S.
| Salt Lake City | Utah | U.S. | |
|---|---|---|---|
| Median home value | $539,500 | $489,400 | $332,700 |
| Median rent (monthly) | $1,414 | $1,496 | $1,413 |
| Median household income | $75,090 | $95,166 | $80,734 |
| Homes owned by occupants | 46% | 70% | 65% |
| Median year built | 1965 | 1992 | 1980 |
Ten years of change
| 2014 | 2019 | 2024 | |
|---|---|---|---|
| Median home value | $235,200 | $314,500 | $539,500 |
| Median rent (monthly) | $807 | $985 | $1,414 |
| Median household income | $45,833 | $60,676 | $75,090 |
Fair Market Rents (HUD, fiscal year 2027)
Salt Lake City, UT HUD Metro FMR Area · Salt Lake County. HUD's payment benchmarks for housing programs: typical gross rent (rent plus utilities) for a recent mover, not a listing or an asking rent.
Large figures are the metro-area Fair Market Rent.
Income limits (HUD, fiscal year 2026)
Area median family income: $126,100. Households at or under these incomes can qualify for many housing programs; check each program's own rules.
| Household size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Low income (80%) | $70,650 | $80,750 | $90,850 | $100,900 | $109,000 | $117,050 | $125,150 | $133,200 |
| Very low income (50%) | $44,150 | $50,450 | $56,750 | $63,050 | $68,100 | $73,150 | $78,200 | $83,250 |
| Extremely low income (30%) | $26,500 | $30,300 | $34,100 | $37,850 | $40,900 | $44,360 | $50,040 | $55,720 |
Source: U.S. Department of Housing and Urban Development, Fair Market Rents and Income Limits, checked October 9, 2026.
Questions
What is the median home value in Salt Lake City?
$539,500, according to the Census Bureau’s 2024 American Community Survey (5-year estimates), compared with $489,400 in Utah and $332,700 nationally.
How much is rent in Salt Lake City?
Median gross rent (rent plus utilities) is $1,414 a month, versus $1,496 statewide.
How much have home values risen in Salt Lake City?
The median home value went from $235,200 in 2014 to $539,500 in 2024 (+129%).
What is fair market rent in Salt Lake City?
HUD's fiscal year 2027 Fair Market Rent for the Salt Lake City, UT HUD Metro FMR Area is $1,202 for a studio, $1,349 for one bedroom and $1,615 for two bedrooms. These are HUD program benchmarks, not asking rents.
Are these current market prices?
No. They are survey medians from the Census Bureau, based on a five-year survey period, so they lag today’s listings. They are the most consistent way to compare places and track change over time.
U.S. Census Bureau, American Community Survey 5-year estimates (2014, 2019, 2024), Salt Lake City city, Utah. Values are estimates with margins of error.