Salt Lake City - UT housing market
The Salt Lake City metro has a typical home value of $558,850, up 1.1% from a year ago. Homes sell in 28 days on average, a balanced market. 38% of listings have had a price cut. Data from Zillow Research, updated monthly.
Salt Lake City housing market, October 2026
The typical Salt Lake City home is worth $558,850 as of September 2026, up 0.2% from the prior month, up 0.4% over three months, and up 1.1% from a year ago. Over the past two years values have ranged from $544,436 to $563,098.
Homes are going pending in about 28 days, slower than the 16 days seen three months earlier. There are roughly 4,665 homes for sale, 6% more than a year ago. 37.7% of listings have taken a price cut (up from 32.4% three months ago).
Typical rent is $1,644 a month, up 0.7% year over year, which puts the price-to-rent ratio at 28.3.
At this week's 7.40% mortgage rate with 20% down ($111,770), the typical Salt Lake City home costs about $3,794 a month including tax and insurance, which needs a household income of roughly $162,600 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($558,850) is the Zillow Home Value Index for the Salt Lake City - UT metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 1.1% over the past year. In Salt Lake City - UT, that means a home worth $552,770 last year is now worth roughly $558,850.
The median sale price, what homes actually close for, is $539,282. Homes are selling at 99.0% of list price, meaning buyers have room to negotiate.
Homes listed in Salt Lake City - UT sit on the market for roughly 28 days before going pending. Shorter = seller's market; longer = buyer's market.
About 37.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,355 new listings hit the market each month in Salt Lake City - UT. There are currently 4,665 homes for sale, up 5.9% from a year ago.
The typical monthly rent in Salt Lake City - UT is $1,644, up 0.7% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 28.3x, renting territory (#2 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $3,095 a month in principal and interest, $1,451 more than renting before taxes, insurance and upkeep. The two break even at a 1.96% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in UT
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Ogden - UT | $508,920 | +1.7% | 30.0d |
| Provo - UT | $538,775 | +1.4% | 37.0d |