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PHONE ME

Beverly Stoddard

10554407-SA

Tel. 818-720-2429

 
     SALT LAKE CITY, UTAH

UTAH KEY REAL ESTATE 

M.O.R.E PROFSSIONALS

4685 HIGHLAND DRIVE #105

HOLLADAY, UTAH

 

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Homeownership matters. That is why the Salt Lake Board of Realtors® this year is giving away down payment housing grants. This is just one way for us to help our community. The next grant is for single parents. The deadline to apply for this grant is March 20.

Salt Lake City Real Estate Market Statistics

  • Metropolitan statistical area: Salt Lake City, UT

  • Population: 200,544 – 116ᵗʰ largest U.S. city (Wikipedia – 2017 estimate)

  • 5-year projected population growth: 1.4% (PwC, 2018 – U.S. average is 0.7%)

  • Median age: 32.7 years old (City Data, 2016 – U.S. median is 38)

  • Median household income: $56,994 (City Data, 2016 – U.S. median was $57,617)

  • 5-year projected employment growth: 1.4% (PwC, 2018 – U.S. average is 0.6%)

  • Cost of living index: 92.4 (City Data, 2016 – U.S. average is 100)

  • Rent-to-household-income ratio: 17.2% (PwC, 2018 – less than 30% is ideal)

  • Median 1-bedroom rent: $860 (Rentonomics, 2018 – U.S. median is $743)

  • Year-over-year rent growth: 1.6% (Rentonomics, 2018 – U.S. average is 1.5%)

  • Median single-family home sale price: $322,300 (NAR, Q3 2018 – U.S. median is $266,900)

  • Year-over-year home sale price growth: 9.4% (NAR, Q3 2018 – U.S. median is 4.8%)

  • Multifamily property buy/hold/sell recommendations: 61% of investors say buy, 29% say hold, 11% say sell (PwC/ULI)

Expert Opinions on the Salt Lake City Real Estate Market