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Salt Lake County, Utah

Single-family vs. condo trends, market pressure signals, and 5-year price history. Source: Redfin.

Median Sale Price
$549,000
+22.0% YoY
Active Inventory
2,729
Days on Market
38 days
Price Drops
31.0%

Single-Family vs. Condo

Source: Redfin (property-type breakdown)
Single-Family Median
$608,950
+1.5% YoY
Condo / Co-op Median
$362,500
+4.0% YoY
SFR vs. Condo YoY Gap
-2.5%
condos outperforming SFR
DOM: SFR vs. Condo
36d / 57d
SFR / Condo

Buyer vs. Seller Market Indicators

Latest month — Redfin
Months of Supply
2.7 mo
Seller market

Inventory ÷ monthly sales. Below 3 = strong seller market; 3-6 balanced; above 6 = buyer market.

Sale-to-List Ratio
99.0%
At asking

Median closing price ÷ original list price. Above 100% = homes routinely closing above asking.

% Sold Above List
27%
Mixed

Share of closed sales priced above asking. The single cleanest read on bidder competition.

What does your sqft target cost in Salt Lake County, Utah?

$261/sqft median (Redfin)
+$0 adj
+$0 adj
optional
Estimated price
$522,052
Near median (-5% vs median)
Region median
$549,000
all homes
Price-tier reverse lookup — what sqft does each price band buy?
$600,000
≈ 2,299 sqft
$1,200,000
≈ 4,597 sqft
$2,000,000
≈ 7,662 sqft
$5,000,000
≈ 19,155 sqft

Estimate = (median $/sqft × your sqft) + bed/bath/lot adjustments. Bed and bath adjustments use Appraisal Institute / Fannie Mae standard rules of thumb (~$15K/extra bedroom, ~$20K/extra bathroom vs. a 3bd/2ba baseline; half-bath = half adj). Lot premium is a $1.50/sqft heuristic beyond a 6,000 sqft baseline — accuracy varies sharply by urban infill vs. acreage market. Quality, condition, year built, and HOA are not modeled here. For a deeper county-level hedonic AVM, see AVM Lite.

Rent + invest vs. buy + own — backtested

15-yr rolling history · S&P 500
Property type:
Upfront capital committed (both paths): $126K = 20% down + 3% closing on a $549K home
BUY + OWN
Median ending wealth $482K $294K real
Net gain on $126K upfront: $356K
Range: $482K → $482K
Wealth = home value (appreciated at 3%/yr) − remaining mortgage − 6% selling cost. Gain = wealth − upfront. Leveraged appreciation on full $549K asset comes from the 20% down.
RENT + INVEST
Median ending portfolio $1.34M $845K real
Net gain on $483K contributed: $855K
Range: $626K → $3.38M
Same upfront cash + each year's (own − rent) surplus invested in S&P 500 at actual annual returns. Median renter contributed $483K total.
Median wealth delta: $856K in favor of RENT + INVEST
What if you'd started in a recent year? (most-recent 15yr window: 2011–2025)
WindowBuy wealthBuy gainRent wealthRent gainWealth delta
2011–2025$482K$356K$1.94M$1.46M$1.46M rent
2010–2024$482K$356K$1.98M$1.50M$1.50M rent
2009–2023$482K$356K$1.89M$1.41M$1.41M rent
2008–2022$482K$356K$1.35M$870K$871K rent
2007–2021$482K$356K$1.76M$1.27M$1.27M rent
2006–2020$482K$356K$1.50M$1.02M$1.02M rent
2005–2019$482K$356K$1.35M$866K$867K rent
2004–2018$482K$356K$1.11M$628K$629K rent

Educational tool, not investment or real-estate advice. Past performance does not guarantee future results. Backtests use actual annual total returns including dividends from S&P 500 (Damodaran (NYU Stern) annual total return (with dividends), 1957-present.).

Buyer model: 30-yr fixed mortgage, P&I + property tax + insurance + maintenance (1% of value/yr) + HOA. Selling cost = 6%. Investor model: down payment + annual cashflow surplus invested in the chosen index at that calendar year's actual return.

Tax model: pre-tax comparison. Toggle "after-tax mode" to apply MID, SALT, LTCG, and the Sec 121 capital-gains exclusion.

This calculator does not adjust for: PMI (assumed 20%+ down), differential transaction costs by state, lifestyle factors (commute, schools, kids), illiquidity / forced-sale risk, or insurance availability constraints (e.g., FL/CA wildfire). Consult a fiduciary advisor and tax professional before acting on any of this.

Market Pressure Signals

Derived from Redfin trend
Inventory vs. Long-Term Avg
+22.3%
surplus — buyer leverage
DOM vs. 24-Mo Avg
-10.7%
currently 38 days
Long-Term Avg Inventory
2,232
Long-Term Avg DOM
43 days

Mortgage & Price Stress

State HPI + national delinquency
State HPI YoY
+2.9%
positive — appreciating
State HPI vs. Peak
0.0%
at or near peak peak 2025-10-01
National Mortgage Delinquency
1.89%
benchmark — 2026-01-01 county-grain delinquency requires paid data

State-grain HPI YoY + drawdown from peak is the cleanest free price-stress proxy. The national delinquency rate gives the macro mortgage-stress backdrop. True county-level mortgage delinquency lives in paid datasets (MBA NDS, CoreLogic LP).

Value Ratios

Median home price ÷ county median income
Value / Income
5.8×
overvalued
Median Household Income
$94,658
Census ACS B19013

Historically affordable markets sit at 3–4× income; over 5× is stretched, over 6× is severely overvalued. Lower ratios point to bargain opportunities.

Housing Stock & Owners

Census ACS 5-year (B19013, B01003, B25002, B25003, B25034, B25007)
Population
1,184,689
total residents
Total Housing Units
440,166
all units, occupied + vacant
Vacancy Rate
5.4%
tight
Homeownership Rate
67.0%
of occupied units owner-occupied
Boomer Owners (65+)
16.5%
of homeowner households
Millennial / Gen-X Owners (35-54)
9.8%
of homeowner households
Pre-1949 Housing Stock
10.4%
structures built before 1949

When boomer-owner share is high, expect more inventory hitting the market over the next decade as homes transition. High vacancy + high old-stock often signals deferred-maintenance markets where buyers can negotiate.

Net Migration (IRS Tax Returns)

IRS Statistics of Income — Migration Data
Net Migration
-8,767
losing people (2022–2023)
Inbound Returns
22,728
36,158 people moved in
Outbound Returns
25,400
44,925 people moved out
Net Returns
-2,672
household-filer basis

Top 5 Origins (where movers came from)

  1. Utah, Utah — 4,666 returns
  2. Davis, Utah — 2,340 returns
  3. Weber, Utah — 856 returns
  4. Tooele, Utah — 755 returns
  5. Cache, Utah — 596 returns

Top 5 Destinations (where movers went)

  1. Utah, Utah — 5,735 returns
  2. Davis, Utah — 2,973 returns
  3. Tooele, Utah — 1,396 returns
  4. Weber, Utah — 1,034 returns
  5. Washington, Utah — 814 returns

IRS Statistics of Income tracks county-to-county migration via tax-return change-of-address. Net migration uses the exemption count (a proxy for people, including dependents). True net flow can lag by 1–2 years vs. real-time movements.

Who's Moving In (Census ACS)

Source: Census ACS B07001 (5-year)
Inbound Movers (1 yr)
60,280
5.15% of pop. — moved here from outside the county
From Other States
29,541
2.52% of pop. — interstate inbound
From Abroad
8,635
moved into the county from outside the U.S.
Same House 1 Year Ago
86%
stable residents

Census ACS asks where people lived 1 year ago, so this counts inbound movers but does not show outbound — true net migration would require IRS SOI parsing.

Trends

Up to 5 years of monthly data

Median Sale Price

Trailing 12 months

Active Inventory

Trailing 12 months

Days on Market

Trailing 12 months

Looking for state-level data? See Utah statewide stats →

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