Home Values

Salt Lake City Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$226,900

  • 5.8% 1-year change
  • 4.0% 1-year forecast

The median home value in Salt Lake City Metro is $226,900. Salt Lake City Metro home values have gone up 5.8% over the past year and Zillow predicts they will rise 4.0% within the next year. The median price of homes currently listed in Salt Lake City Metro is $294,900. The median rent price in Salt Lake City Metro is $1,155, which is higher than the Utah median of $1,050.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Salt Lake City Metro is 3.5%, which is lower than the national value of 6.9%.

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Relative ZHVI
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Salt Lake City Metro Market Overview

Data through Aug 31, 2014
  • $226,900 ZHVI
  • 4.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $294,900 Median listing price
  • No data Median sale price
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Salt Lake City Metro Market Health

Data through Aug 31, 2014
  • 6.6/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No recent data Average days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • 3.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Cities in Salt Lake City Metro

Name Median ZHVI
Draper $349,500
South Jordan $291,500
Riverton $259,000
Name Median ZHVI
Sandy $256,300
Salt Lake City $229,400
Murray $208,700
Name Median ZHVI
West Jordan $208,500
Taylorsville $175,700
West Valley City $160,200

Listings & Sales

Data through Aug 31, 2014
  • $164 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 41.3% Listings with price cut
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Salt Lake City Metro Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,380 Salt Lake City Metro
    $1,323 Utah
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,155 Rent list price
  • $0.96 Rent list price / sq ft
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